by Teuvo Tuomi | Mar 27, 2025 | ASEAN, Banking, Economy, Indonesia, News, Southeast Asia
Indonesia will join the BRICS-sponsored multilateral development bank, which President Prabowo Subianto believes could expedite the country’s economic development. The decision came after Prabowo’s meeting with New Development Bank (NDB) president Dilma...
by Teuvo Tuomi | May 20, 2024 | ASEAN, Business, China, Economy, News, Research
Nearly 2,000 respondents from ASEAN countries identify China as the most influential economic power in the region, according to a survey by the ISEAS-Yusof Ishak Institute in Singapore titled “State of Southeast Asia 2024.” In Laos and Thailand, 78% and 71% of...
by Teuvo Tuomi | Apr 17, 2024 | ASEAN, Asia, Economy, News, Southeast Asia, Visions
According to the new Asian Development Outlook (ADO) by the Asian Development Bank (ADB), developing economies in Asia and the Pacific are forecast to expand by 4.9% on average this year as the region continues its growth amid robust domestic demand, improving...
by Teuvo Tuomi | Feb 16, 2024 | China, Asia, Economy, News
China needs more interest rate cuts to ease corporate financing and household mortgage costs, political advisers and experts say. A faster-than-expected credit expansion signals a nascent recovery in the nation’s financing demand. Both China’s new yuan loans and total...
by Teuvo Tuomi | Jan 21, 2024 | ASEAN, Business, Economy, News, Thailand
Prime Minister Srettha Thavisin says Thailand should not continue to use low labor costs as an incentive to draw foreign investments. He also urges ASEAN countries to work together to increase their minimum wages. “The attractive points should be clean energy, good...
