by Teuvo Tuomi | Oct 25, 2024 | ASEAN, Economy, News, Philippines, Reports, Southeast Asia, Vietnam
The International Monetary Fund (IMF) forecasts Vietnam’s economy to grow by 6.0% in 2024 and 6.8% in 2025, making it the fastest-growing economy among key ASEAN countries. The Philippines follows with projected growth rates of 5.8% in 2024 and 6.1% in 2025. Both...
by Teuvo Tuomi | Oct 15, 2024 | Digitalization, ASEAN, Malaysia, News, Singapore, Southeast Asia, Technology, Thailand
Southeast Asia is emerging as an ideal region for tech operators to establish a data center base. Singapore, Malaysia, Thailand, Indonesia, and Vietnam are the top five countries. Singapore is the preferred destination for hosting data centers due to its superior...
by Teuvo Tuomi | Sep 18, 2024 | ASEAN, Business, Economy, Investment, News, Southeast Asia
ASEAN’s economic growth was 4.1% in 2023. This is expected to increase to 4.6% in 2024. Investment in ASEAN increased only by 0.3% from US$229 billion in 2022 to US$230 billion in 2023. Another important measure is that the value of trade in ASEAN products actually...
by Teuvo Tuomi | Sep 18, 2024 | ASEAN, Climate, Lifestyle, News, Reports, Southeast Asia, Weather
In Southeast Asia, the proportion of those who see climate change as a serious and immediate threat has dropped to 42.5% in 2024, according to the latest Southeast Asia Climate Outlook Survey by the ISEAS – Yusof Ishak Institute. This is down from 49.4% in 2023, 45.8%...
by Teuvo Tuomi | Sep 17, 2024 | ASEAN, Business, Economy, News, Southeast Asia, Trade
Trading among ASEAN countries has increased significantly since the ASEAN Free Trade Area was established in 1992. The value of inter-ASEAN trade reached US$759 billion in 2023, accounting for 21.5% of the total trade value by the member countries. Laos’ Minister of...
by Teuvo Tuomi | Sep 11, 2024 | Asia, Reports, Southeast Asia, Tourism, Travel
A record 10% of the World’s GDP will be spent on travel this year. According to the annual report by the World Travel and Tourism Council (WTTC), consumers increasingly see travel as an essential part of their budgets. The WTTC estimates the industry’s...
