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Vietnam’s Growth Fastest in ASEAN: AMRO

Vietnam’s Growth Fastest in ASEAN: AMRO

by Teuvo Tuomi | Jul 17, 2024 | ASEAN, Business, Cambodia, Economy, Philippines, Singapore, Southeast Asia, Vietnam

The ASEAN+3 Macroeconomic Research Office (AMRO) has revised Vietnam’s economic growth forecast to 6.3% for 2024 in its latest update. The growth rate is 0.3% higher than the April forecast. It is also the highest among ASEAN countries for 2024. The Singapore-based...
Jokowi Signs 190-year Land Rights Regulation for Nusantara

Jokowi Signs 190-year Land Rights Regulation for Nusantara

by Teuvo Tuomi | Jul 16, 2024 | ASEAN, Business, Indonesia, Infrastructure, Investment, News, Southeast Asia

President Joko “Jokowi” Widodo has signed a presidential regulation that grants investors certain rights in the Nusantara Capital City (IKN) megaproject in East Kalimantan, the future capital, including land rights of up to 190 years. The regulation stipulates that...
Singaporeans Believe in Smartphones and Family Bonding: Study

Singaporeans Believe in Smartphones and Family Bonding: Study

by Teuvo Tuomi | Jul 14, 2024 | ASEAN, Lifestyle, News, Research, Singapore, Society, Southeast Asia

More than nine in 10 Singapore residents polled in a new study said a smartphone with a data plan is essential, while 64% think air-conditioning is a must. A trip each year to somewhere in Southeast Asia is also essential, according to 56% of those polled. Also, 90%...
Netflix Turns Its Focus to Southeast Asia

Netflix Turns Its Focus to Southeast Asia

by Teuvo Tuomi | Jun 26, 2024 | ASEAN, Art, Culture, Indonesia, Lifestyle, Media, News, Philippines, Society, Southeast Asia, Thailand

Streaming giant Netflix has set its focus this year on highlighting works by creators from Southeast Asia through recent and upcoming projects on its over-the-top (OTT) platform. Southeast Asian films and series have fared consistently well on Netflix, with some even...
Indonesia Has Most Large Corporations in Southeast Asia

Indonesia Has Most Large Corporations in Southeast Asia

by Teuvo Tuomi | Jun 22, 2024 | Reports, ASEAN, Business, Cambodia, Economy, Indonesia, Malaysia, Philippines, Singapore, Southeast Asia, Thailand, Vietnam

For the first time, Fortune’s Southeast Asia 500 ranking for 2024 lists the region’s largest companies by revenue in the fiscal year 2023. With one of the world’s fastest-growing regions now having its own Fortune 500 list, this progress reflects Southeast Asia’s...
Technology Spending Expected to Surge in Asia Pacific: Report

Technology Spending Expected to Surge in Asia Pacific: Report

by Teuvo Tuomi | Jun 20, 2024 | ASEAN, AI, Business, Innovation, News, Reports, Southeast Asia, Technology, Visions

Recently published “Asia Pacific Tech Spend Forecast” expects tech spending in the region to remain robust and grow by a compounded annual growth rate of 6.4% to 7.4% annually, reaching US$876 billion in 2027. Over the next few years, software spending would continue...
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