by Teuvo Tuomi | Oct 14, 2024 | Asia, Business, Economy, Investment, News
Asia’s high-net worth (HNW) market will reach 10-20% growth in the next 2-5 years, higher than before the pandemic, insurers and brokers in Singapore and Hong Kong predict. Swiss Re reports that the optimism stems from the belief that emerging Asia will outperform...
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...
by Teuvo Tuomi | May 23, 2024 | Asia, Economy, Korea, News, South Korea, Visions
The Seoul Metropolitan Government has announced its plans to invest 250.6 billion won ($184.8 million) over five years to attract foreign talent and businesses and to help them adjust to the city. According to the city government, there are around 440,000 residents of...
by Teuvo Tuomi | Jan 17, 2024 | Visions, Business, Economy, Technology, Vietnam
Vietnam’s GDP is around USD 366 billion, with an annual growth rate of 4.6%. Vietnam’s logistics sector is growing even faster, fuelled by a range of factors, and poised to ensure the country becomes a significant logistics hub for Southeast Asia. Vietnam has been one...
by Teuvo Tuomi | Dec 26, 2023 | Asia, Business, Economy, News
Freight rates from Asia have spiked by 53% in a month depending on the route plus container shipping giants. Moreover, carriers like British Petroleum have halted transit via the Red Sea-Suez Canal route after the attacks, the latest Freightos data says. The...
