Singapore signs FTA with Mercosur

Singapore signs FTA with Mercosur

Singapore marked a significant milestone in its trade relations by signing a groundbreaking free trade agreement (FTA) with four South American countries – Argentina, Brazil, Paraguay, and Uruguay, collectively known as Mercosur. This agreement, signed on...
Singapore Beefs Up Naval Defense

Singapore Beefs Up Naval Defense

In November 2023, Singapore’s Ministry of Defense (MINDEF) has signed a contract with Fr. Fassmer GmbH & Co. KG to acquire four new Offshore Patrol Vessels (OPVs) to replace the current Sentinel-class Maritime Security and Response Vessels (MSRVs). The ships...
Indonesia and Vietnam Collaborate to Advance Lobster Production

Indonesia and Vietnam Collaborate to Advance Lobster Production

The Minister of Maritime Affairs and Fisheries of Indonesia has recently expressed confidence in the nation’s potential to emerge as a prominent lobster producer in Southeast Asia. This optimism originates from the government’s ongoing efforts to promote...
Indonesia to Provide Tax Incentives for Electric Vehicle Manufacturers

Indonesia to Provide Tax Incentives for Electric Vehicle Manufacturers

Indonesia plans to provide tax incentives for automakers intending to establish electric vehicle (EV) plants, including exemptions on import duties for fully manufactured EVs until 2025. This effort, announced in a recent presidential decree, seeks to attract further...
Indonesia Aspires to be the Global Hub of Muslim Fashion

Indonesia Aspires to be the Global Hub of Muslim Fashion

According to Indonesia’s Ministry of Trade, the Southeast Asian country is set to emerge as the global center for Muslim fashion in 2024, aligning with its ongoing initiatives to promote Indonesian halal products worldwide. The Director General of National...