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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,...
PYN Bullish on Vietnamese Banks

PYN Bullish on Vietnamese Banks

by Teuvo Tuomi | Oct 2, 2024 | Business, Finland, Investment, News, Vietnam

Finnish fund PYN Elite is heavily betting on Vietnamese banking stocks. The PYN Elite’s allocation to Vietnamese banks represents a strategic investment as local banks tend to have sector-specific rallies in cycles of a few years, the fund says. At the end of...
Google Invests One Billion USD in Thailand

Google Invests One Billion USD in Thailand

by Teuvo Tuomi | Oct 1, 2024 | Innovation, Digitalization, Investment, News, Technology, Thailand

Tech company Google has announced plans to invest US$1 billion to build its data center and cloud region in Thailand. The data center will be located in an industrial estate in Chonburi, while the Google Cloud region, which includes hardware and software providing...
SpaceX Aims to Invest 5 Billion USD for Starlink in Vietnam

SpaceX Aims to Invest 5 Billion USD for Starlink in Vietnam

by Teuvo Tuomi | Sep 26, 2024 | Business, Digitalization, Innovation, Investment, Technology, Vietnam

SpaceX is proposing to invest 5 USD billion in Vietnam for the company’s Starlink satellite service soon, the Southeast Asian country’s government says. The statement came after a meeting in New York between Vietnamese President To Lam and Tim Hughes,...
ASEAN Seeks Further Foreign Investment

ASEAN Seeks Further Foreign Investment

by Teuvo Tuomi | Sep 18, 2024 | ASEAN, Business, Economy, Investment, News, Southeast Asia

ASEAN’s economic growth was 4.1% in 2023. This is expected to increase to 4.6% in 2024. Investment in ASEAN increased only by 0.3% from US$229 billion in 2022 to US$230 billion in 2023. Another important measure is that the value of trade in ASEAN products actually...
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