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SEA Emerging As Data Center Hub

SEA Emerging As Data Center Hub

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...
ASEAN Seeks Further Foreign Investment

ASEAN Seeks Further Foreign Investment

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...
Climate Change Worries Falling in ASEAN: Survey

Climate Change Worries Falling in ASEAN: Survey

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%...
ASEAN Free Trade Spurs Rapid Growth

ASEAN Free Trade Spurs Rapid Growth

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...
Travel Industry Sets New Record: Report

Travel Industry Sets New Record: Report

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...
Chip War Looming in SEA

Chip War Looming in SEA

by Teuvo Tuomi | Sep 6, 2024 | ASEAN, Innovation, Manufacturing, News, Singapore, Southeast Asia, Technology, Thailand, Vietnam

Singapore, Vietnam and Thailand aim to become a regional leader in the semiconductor manufacturing industry while the demands of artificial intelligence technology and electric vehicles are increasing. Singapore is expanding its decades-long domination in the...
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