by Teuvo Tuomi | Dec 30, 2024 | Economy, News, Singapore, Vietnam
According to the UK-based Centre for Economics and Business Research (CEBR), Vietnam’s GDP will surpass Singapore’s in five years, reaching $676 billion by 2029. By 2039, Vietnam’s GDP could rise to $1.41 trillion, ranking 25th worldwide and becoming Southeast Asia’s...
by Teuvo Tuomi | Dec 16, 2024 | Indonesia, News, Reports, Trade
Indonesia’s exports exceeded imports in November. This resulted in the second largest trade surplus since the government lifted the COVID-19 pandemic status in 2023. The country’s trade balance was US$4.42 billion in November, according to Statistics Indonesia...
by Teuvo Tuomi | Dec 14, 2024 | News, Business, Economy, Thailand
Thailand’s Finance Ministry plans to launch an ambitious debt relief initiative titled “You Fight, We Help”, targeting retail debtors, homeowners, car owners, and small businesses. The project has already been approved by the Cabinet. “We recognize the...
by Teuvo Tuomi | Dec 10, 2024 | News, Business, Economy, Society, Thailand
The chairmen of the Thai Chamber of Commerce (TCC) and the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) support improving Thai workers’ income levels but are not ready to endorse the 400-baht nationwide increase. TCC chairman Sanan...
by Teuvo Tuomi | Dec 7, 2024 | Business, Economy, Energy, News, Technology, Thailand
Thailand’s electric vehicle (EV) makers consider leaving the government’s incentive scheme due to a market slowdown, the Electric Vehicle Association of Thailand (EVAT) reports. Launched in 2022, the EV3.0 scheme offers benefits like reduced taxes and...
