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January 2025: Malaysia Chairs ASEAN, Singapore Hikes Corporate Tax

January 2025: Malaysia Chairs ASEAN, Singapore Hikes Corporate Tax

by Teuvo Tuomi | Dec 31, 2024 | ASEAN, Asia, Business, Economy, Indonesia, Malaysia, News, Singapore, Thailand

We all hope that 2025 will start on a positive note. Here are some of the main regional topics for the January 2025, listed by Nikkei Asia: Malaysia takes up ASEAN chair Malaysia takes up the rotating chair of the Association of Southeast Asian Nations (ASEAN) as...
Vietnam’s GDP to Surpass Singapore’s in Five Years: CEBR

Vietnam’s GDP to Surpass Singapore’s in Five Years: CEBR

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...
Indonesia’s Trade Surplus 2nd Largest Since COVID

Indonesia’s Trade Surplus 2nd Largest Since COVID

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...
Thailand Launches Debt Relief Initiative

Thailand Launches Debt Relief Initiative

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...
Thailand’s Proposed Wage Hike Causes Concern

Thailand’s Proposed Wage Hike Causes Concern

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...
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