by Teuvo Tuomi | Mar 20, 2023 | Philippines, Business, Economy, News
The external debt of the Philippines rose by 4.5% and hit a record high of $111.27 billion last year, as both the national government and the private sector borrowed more from offshore creditors, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe...
by Teuvo Tuomi | Mar 18, 2023 | Laos, Lifestyle, Travel
Laos may struggle with the expected surge in Chinese visitors arriving on the Laos-China railway from Kunming, the capital of neighboring Yunnan province in China, President of the Hotel and Restaurant Association Pakasith Chathapaya says. “My concern is that our...
by Teuvo Tuomi | Mar 16, 2023 | ASEAN, Asia, Economy, Environment, Japan, Southeast Asia
Japan plans to apply for ASEAN comprehensive strategic partnership (CSP) status, to commemorate the 50th anniversary of Japan and ASEAN Relations. Japan had already submitted a concept paper to the ASEAN Secretariat about its upcoming plan regarding the application...
by Teuvo Tuomi | Mar 11, 2023 | ASEAN, Business, Economy, Southeast Asia
With the exception of Thailand, the five largest economies in Southeast Asia (ASEAN-5) will show lower growth this year. The main reasons for this are tight financial conditions and weak external demand, according to Atradius. Growth of private consumption and...
by Teuvo Tuomi | Mar 9, 2023 | Singapore, Business, Economy, News
Singapore’s economy should grow faster next year than this year, while inflation will likely ease this year and drop further in 2024, a quarterly survey of private sector economists by the Monetary Authority of Singapore (MAS) reveals. The forecasts for the...
