by Teuvo Tuomi | Jan 10, 2024 | ASEAN, Economy, News, Southeast Asia
The Asian Development Bank (ADB) has lowered the growth outlook for Southeast Asia in 2023 from 4.6% to 4.3%. This is mainly due to weak demand for manufacturing exports. Southeast Asia’s growth forecast for 2024 has also been revised down to 4.7% from 4.8% because of...
by Teuvo Tuomi | Jan 9, 2024 | Cambodia, Business, Environment, News
For 2023, Cambodia exported almost 8.5 million tonnes of agricultural products, a decrease of 1.9% compared to 2022. The exports generated over 4.3 billion US dollars, with shipments of milled rice valued at over $567 million, unmilled paddy rice at $939 million, and...
by Teuvo Tuomi | Dec 29, 2023 | Laos, Economy, Travel
Laos continues faces surging inflation, a scarcity of labor, and an expanding trade deficit. In response, the nation has initiated the Visit Lao Year 2024 campaign, turning to tourism as a key strategy to overcome economic obstacles. The government officially...
by Teuvo Tuomi | Dec 14, 2023 | ASEAN, Economy, News, Southeast Asia
According to the Asian Development Bank, developing Asia’s outlook remains upbeat despite global challenges. The 2023 growth forecast is revised up from Asian Development Outlook September 2023’s projection to 4.9% from 4.7%. The 2024 forecast is maintained at 4.8%....
by Teuvo Tuomi | Dec 11, 2023 | ASEAN, Digitalization, Southeast Asia, Technology
Southeast Asia is shifting toward digital payments and other innovations in digital services, thanks to an acceleration in digital transformation during the pandemic, accounting and consulting firm PwC reports. Widespread mobile ownership, together with rapid...
