by Teuvo Tuomi | Dec 15, 2023 | Economy, News, Philippines
The Philippines is expected to be the growth leader in Southeast Asia, the Asian Development Bank’s (ADB) update Asian Development Outlook predicts. The country’s growth forecast for 2023 is kept at 5.7%. This makes the Philippines the top performer as the...
by Teuvo Tuomi | Dec 14, 2023 | ASEAN, Economy, News, Southeast Asia
According to the Asian Development Bank, developing Asia’s outlook remains upbeat despite global challenges. The 2023 growth forecast is revised up from Asian Development Outlook September 2023’s projection to 4.9% from 4.7%. The 2024 forecast is maintained at 4.8%....
by Teuvo Tuomi | Nov 16, 2023 | Asia, ASEAN, Economy, Indonesia, News
Multilateral talks in the United States on the Indo-Pacific Economic Framework (IPEF) have failed to produce an agreement on trade. Experts see this as a setback for Asians to gain greater access to the US market for products, including critical minerals. Coordinating...
by Teuvo Tuomi | Jun 15, 2022 | ASEAN, Asia, Business, News, Southeast Asia, Technology
Laos intends to gradually replace its transportation system with electric vehicles in order to reduce fuel imports. Electric vehicles are predicted to account for 1% of all automobiles in Laos by 2025, and over 30% by 2030, according to Prime Minister Phankham...
