by Teuvo Tuomi | Feb 14, 2023 | ASEAN, Economy, Malaysia, News, Southeast Asia
Malaysia has no plans to reintroduce a goods and services tax (GST) or any other broad-based consumption tax, Prime Minister Anwar Ibrahim says. The government will instead look to reduce subsidies enjoyed by the wealthy. Malaysia offers subsidies to all citizens,...
by Teuvo Tuomi | Feb 12, 2023 | Linkss, Asia, Business, Cambodia, China, Economy, News, Southeast Asia
The 187-km-long freeway from Phnom Penh is a 2 billion USD investment by the China Road and Bridge Corporation. It is also one of the results of cooperation between China and Cambodia under the Belt and Road Initiative (BRI). More than one million vehicles had...
by Teuvo Tuomi | Feb 9, 2023 | ASEAN, Business, Economy, Vietnam
Vietnam has been rising as a manufacturing powerhouse. It also had an 8.02% GDP growth in 2022. Still, layoffs among garment, footwear, and woodworkers have been all too common in recent months. Even as the country enjoys a wave of foreign direct investment (FDI) from...
by Teuvo Tuomi | Feb 7, 2023 | Asia, Bangkok, Business, Economy, Singapore, Technology
According to Recap, London has come first place as the leading crypto hub in the world. But while the UK’s capital leads the race, the study found that only 11% of people in England own or use crypto, compared to 45% of people in Nigeria, which ranks 14th. Coming...
by Teuvo Tuomi | Feb 4, 2023 | Indonesia, Business, Southeast Asia, Technology
The Indonesian government wants to make the country a key global player in the commodity-based downstream industry given its enormous natural resource potential. The government is focusing commodity downstreaming on agro-based industries such as the oleochemical...
