Southeast Asia’s Race to Become the Leading AI Hub
SINGAPORE – As the global demand for artificial intelligence (AI) technologies surges, Southeast Asian countries, which make up the Association of Southeast Asian Nations (ASEAN), are engaged in a fierce competition to establish themselves as the region’s premier AI hub. … Continue reading Southeast Asia’s Race to Become the Leading AI Hub
Hong Kong’s Exports Set for 4% Growth in 2025
HONG KONG – Hong Kong’s economy is poised for continued growth in 2025, with exports forecast to increase by 4%, according to the latest report from the Hong Kong Trade Development Council (HKTDC) Research. This positive outlook, part of the … Continue reading Hong Kong’s Exports Set for 4% Growth in 2025
Vietnam: German Businesses Show Resilience
HO CHI MINH CITY – The global economy continues to experience sluggish yet stable growth, characterized by ongoing challenges and uncertainties. Amid these conditions, German businesses remain optimistic about the Vietnamese market. The AHK World Business Outlook Fall 2024 survey highlights … Continue reading Vietnam: German Businesses Show Resilience
China Announces Stringent Mineral Export Restrictions
BEIJING – In a bold response to the escalating tech trade war, China has unveiled its most stringent set of export controls yet on critical minerals, signaling a dramatic shift in global supply chains that could have far-reaching economic and … Continue reading China Announces Stringent Mineral Export Restrictions
Vietnam Cracks Down on Foreign E-Commerce Platforms
HANOI – Vietnam has issued a directive that mandates foreign e-commerce platforms, including popular names like Temu and Shein, to register with the government or face potential bans. The new regulations, announced in late October 2024, are part of a … Continue reading Vietnam Cracks Down on Foreign E-Commerce Platforms
PATA Tourism Monitor 2024: Asia Pacific Tourism Booms
BANGKOK – The Pacific Asia Travel Association (PATA) has released its Annual Tourism Monitor for 2024, revealing remarkable growth in international visitor arrivals across 47 Asia Pacific destinations. With a staggering 522 million arrivals in 2023, this marks a 94.3% … Continue reading PATA Tourism Monitor 2024: Asia Pacific Tourism Booms
German-Indian Rapprochement: New Perspectives in New Delhi
NEW DELHI – Berlin and New Delhi are aiming to deepen their trade relations – a venture that was reaffirmed at the recent meeting between Chancellor Olaf Scholz and Prime Minister Narendra Modi in India’s capital, New Delhi. Despite the … Continue reading German-Indian Rapprochement: New Perspectives in New Delhi
Vietnam: Upskilling Labor for a High-Value Economy
HANOI – In a decisive pivot towards economic modernization, Vietnam stands at a pivotal juncture with its burgeoning relationship with global technology giants. The Southeast Asian nation, traditionally an agrarian economy, is now orchestrating a strategic overhaul aimed at transitioning … Continue reading Vietnam: Upskilling Labor for a High-Value Economy
China’s Economic Growth Slows, Missing Targets
BEIJING – In a revealing sign of the times, China’s economic expansion has continued to decelerate, marking the third quarter as the slowest growth since the previous year. The National Bureau of Statistics reported a 4.6% increase in GDP for … Continue reading China’s Economic Growth Slows, Missing Targets
Indonesia’s Middle Class: Economic Challenges
JAKARTA – Recent data from Indonesia’s Central Statistics Agency (BPS) has highlighted a significant contraction in the country’s middle class, with an estimated 9.5 million people falling out of this socioeconomic bracket since 2019. This decline is attributed to a … Continue reading Indonesia’s Middle Class: Economic Challenges