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Indonesia’s Golden Visa Falls Short of Target

Indonesia’s Golden Visa Falls Short of Target

by Teuvo Tuomi | Dec 18, 2024 | Business, Indonesia, Investment, News, Reports, Visas

Indonesia’s new Golden Visa scheme has not brought as much investment into the country as hoped, according to the year-end report from the Directorate General of Immigration. “The investment is Rp 9 trillion (US$561.7 million) as of the end of this month,” the...
Jintana Herb Sauna – A Success Story of Blending Thai and Finnish Sauna Culture

Jintana Herb Sauna – A Success Story of Blending Thai and Finnish Sauna Culture

by Jukka-Pekka Karppanen | Nov 27, 2024 | Health, ASEAN, Finland, Hua Hin, Innovation, Investment, Partners, Thailand, Visions

In just five years, Jintana Herb Sauna has become one of Thailand’s premier sauna and wellness brands, offering a unique combination of traditional Finnish sauna culture and Thailand’s revered herbal sauna practices. Founded by Finnish entrepreneur Erkki...
SEA’s IPO Offerings in 2024 Send Mixed Signals

SEA’s IPO Offerings in 2024 Send Mixed Signals

by Teuvo Tuomi | Nov 23, 2024 | ASEAN, Business, Economy, Indonesia, Investment, Malaysia, News, Southeast Asia

Despite funds raised through initial public offerings (IPO) in South-east Asia have fallen to a nine-year low, the region’s capital markets seem to remain optimistic. There have been 122 IPOs in 2024 so far on the region’s key stock exchanges, comprising Singapore,...
Vientiane’s Special Economic Zones Receive 622 Million USD in First Nine Months

Vientiane’s Special Economic Zones Receive 622 Million USD in First Nine Months

by Teuvo Tuomi | Oct 28, 2024 | Business, Economy, Investment, Laos, News

During the first nine months of 2024, Vientiane’s five special economic zones (SEZs) attracted investments from 39 new domestic and foreign companies, totaling USD 622.59 million in capital investment and USD 224.51 million in registered capital. This exceeds the...
Indonesia Relaxes Local Content Rules for Green Energy Projects

Indonesia Relaxes Local Content Rules for Green Energy Projects

by Teuvo Tuomi | Oct 5, 2024 | Energy, Environment, Indonesia, Investment, News, Sustainability, Technology

The Indonesian government has relaxed the local content requirements (LCR) for developing electricity infrastructure to attract funding for renewable energy projects from international development banks. Indonesia is targeting a renewable energy mix of 23% by 2025,...
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