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Asia Readies for the Year of Wood Dragon

Asia Readies for the Year of Wood Dragon

by Teuvo Tuomi | Jan 27, 2024 | Asia, China, Culture, Lifestyle

The Chinese New Year – or the Lunar New Year – will fall on Saturday, 10 February 2024, starting a year of the Wood Dragon. As a public holiday, Chinese people will get 8 days off from work from February 10-17 to February. The Chinese New Year is celebrated across...
ADB Lowers Growth Forecast for SEA

ADB Lowers Growth Forecast for SEA

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...
Cambodia’s Agriculture Exports Decrease

Cambodia’s Agriculture Exports Decrease

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...
Visit Lao Campaign Hopes to Attract More Tourists

Visit Lao Campaign Hopes to Attract More Tourists

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...
ADB Sees Growth Slowing in Southeast Asia

ADB Sees Growth Slowing in Southeast Asia

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%....
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