by Teuvo Tuomi | Mar 12, 2025 | ASEAN, Economy, News
Southeast Asia is set to become a global economic powerhouse, with the ASEAN Economic Outlook predicting a robust 5.2% GDP growth for the region in 2025. This surge is driven by strong performances in key economies like Indonesia, Vietnam, and the Philippines,...
by Teuvo Tuomi | Mar 4, 2025 | Business, Economy, Inflation, Laos, News
Laos’ inflation rate dropped slightly in February to 12.7%, down from 15.5% in January, according to data from the National Statistics Bureau. In February, healthcare and medicine costs decreased by 22.7% but remained among the highest categories. Food and...
by Teuvo Tuomi | Feb 20, 2025 | Business, Economy, Manufacturing, News, Thailand
Thailand’s factory closures are accelerating nationwide. For the past two years, an average of at least 100 businesses have shuttered their doors each month, according to data from the Kasikorn Research Center (KResearch). The forecasts suggest closures will continue...
by Teuvo Tuomi | Feb 18, 2025 | Business, Economy, News, Thailand
Gross domestic product expanded by 2.5%, the Office of the National Economic and Social Development Council (NESDC) said. This is lower than the 2.7% forecast as the manufacturing and agriculture sectors contracted. The figures come after the current government...
by Teuvo Tuomi | Feb 7, 2025 | Business, Economy, Inflation, News, Thailand
Thailand’s inflation grew 1.32% year-on-year in January, making it the 10th consecutive monthly rise. Higher fuel costs and food and beverage prices drove the increase. According to Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office...
