The Indonesian government has eased its local content requirements in the energy sector to attract concessional funding for renewable energy projects from international development banks, according to a report from Reuters. The news agency cited the Deputy Minister of...
Thailand aims to finalize the Thailand-EFTA Free Trade Agreement, marking its first Free Trade Agreement (FTA) with European nations. The agreement, involving Iceland, Liechtenstein, Norway, and Switzerland, is set to be completed in 2024, while negotiations for the...
The European Union (EU) and Singapore have successfully concluded negotiations for the EU-Singapore Digital Trade Agreement (EUSDTA) on 25th July 2024 in Brussels. This agreement, building on the EU-Singapore Digital Partnership signed earlier in February 2023,...
The Department of Trade and Industry (DTI), with support from the Asian Development Bank (ADB), launched the National Artificial Intelligence Strategy Roadmap 2.0 (NAISR 2.0) and the Center for AI Research (CAIR) on July 3, 2024. This initiative is a key part of the...
The Malaysian Investment, Trade and Industry Ministry (MITI) is set to develop a strategic plan to boost green investment and establish Malaysia as a leading regional green investment hub, catalyzing sustainable socio-economic development. This initiative follows the...
The Indonesian government has been presented with proposals to create seven new special economic zones (SEZs), as stated by the acting secretary general of the SEZ National Council. These proposed SEZs are intended for locations in Java, Sulawesi, and the Nusantara...
Vietnam and the Republic of Korea have recently enhanced their economic cooperation. The parties stressed the need for close coordination and practical measures to achieve their target of boosting bilateral trade to USD 100 billion by 2025, the tenth anniversary of...
The Thai government has sanctioned several new data center projects. The Thailand Board of Investment (BOI) has endorsed substantial investments from both local and international companies into data centers, power plants, biochemicals, and hospital industries. The...
Finance Secretary Ralph G. Recto has emphasized the transformative potential of the new Government-to-Government (G2G) agreement between the Philippines and France. Signed on June 7, 2024, this agreement aims to drive innovative projects focused on poverty alleviation...
The 2024 IMD World Competitiveness Ranking (WCR) has ranked Singapore as the most competitive economy out of 67 globally. This marks a return to form for Singapore, which last held the top spot in 2020 before fluctuating in subsequent years. The WCR highlighted...
In the first quarter of 2024, Malaysia exhibited robust economic performance with approved investments totaling MYR 83.7 billion (USD 18.2 billion) across various sectors, marking a 13% increase compared to the same period last year. This significant growth...
In June 2024, the Vietnamese Embassy in Switzerland and the Swiss-Viet Economic Forum (SVEF) hosted the Vietnam-Switzerland Economic Forum themed “Strengthening Ties, Building Futures.” During the meeting, Vietnamese authorities emphasized the opportunity for...
