The Department of Trade and Industry (DTI) has renewed its call for the resumption of talks for a free trade agreement (FTA) with the European Union (EU). In a meeting with the members of the European Parliament Sub-Committee on Human Rights, DTI Trade Secretary...
A recent report from KPMG International Ltd and HSBC Holdings Plc has disclosed that the number of startups in Vietnam almost doubled between the start of the Covid-19 pandemic and mid-2022. The growth is supported by some of the biggest investors in the world, such...
During German President Frank-Walter Steinmeier’s three-day official visit to Malaysia in February 2023, he praised Malaysia as a prime destination to diversify businesses, citing that over 700 German companies operate in Malaysia, many of which run production plants...
Singapore and the European Free Trade Association (EFTA) have launched negotiations on an EFTA-Singapore Digital Economy Agreement (DEA). EFTA and Singapore share strong trade and investment relations underpinned by the 2003 EFTA-Singapore Free Trade Agreement. The...
Foreign investment soared by 56% to THB 129 billion (USD 3.9 billion) in value in 2022, with Japan topping the list in terms of budget to develop businesses in Thailand. Japan’s investment value tallied THB 39.5 billion (USD 1.2 billion), followed by China at...
Indonesia has become a crucial player in the global electric vehicle industry, leveraging its abundant nickel resources to attract significant investment from major manufacturers such as Hyundai, LG, and Foxconn. Since 2020, Indonesia has secured over a dozen deals...
The United States government, through the U.S. Agency for International Development (USAID), has launched a five-year, PHP 1 billion (USD 18 million) partnership with the Philippine government to help small and medium enterprises (SMEs) transition to mature e-commerce...
According to a recent survey conducted by the European Chamber of Commerce in Vietnam (EuroCham), 41% of respondents stated that their company was moving operations from China to Vietnam, an increase of 13% compared to the figure registered in the third quarter of...
The Malaysia-Singapore Framework on Cooperation in Digital Economy is an important effort to further advance the cooperation between the two countries in the digital and green economy fields. The framework will pave the way for knowledge-sharing, technical know-how,...
Thailand has inaugurated its first digital free trade hub as part of a collaboration with Alibaba aimed at enhancing the logistics and e-commerce sectors. The hub is a free trade area located in Thailand’s Eastern Economic Corridor (EEC) and is meant to facilitate...
Looking ahead at Singapore’s economy for 2023, there is a reason for optimism in the tech startup scene, especially for early-stage, deep tech companies and investors. While venture capital investment decreased globally in 2022, early-stage fundraising saw less...
The Philippines is seen emerging as the fastest growing economy among member countries of the Association of Southeast Asian Nations (ASEAN) over the next two years according to a report by Singapore-based DBS Bank. DBS Bank reported that the Philippines would record...
