Sweden is an important Northern European market for Vietnam, and the two countries have a lot of potential to increase bilateral commerce, as recently highlighted by Vietnam’s Minister of Industry and Commerce to Swedish Ambassador to Vietnam. During their meeting in...
In early June 2023, Estonia announced the opening of its embassy’s new premises in Singapore, as well as a trade and business hub. Estonia is among the European Union’s most digitally advanced economies, and the Estonian Business Hub is the country’s second such hub,...
Thailand aims at concluding talks for three free-trade agreements (FTAs) by mid-2024 with the European Free Trade Association (EFTA), Sri Lanka and the United Arab Emirates (UAE), in order to boos trade and investment. It has been reported that the deal with Sri Lanka...
According to the latest report by property consultancy Knight Frank, the number of Malaysians with at least USD 1 million in wealth is set to nearly double from over 85,000 in 2022 to 164,0839 in 2027. The report also forecasts that Malaysia’s ultra rich, defined as...
It has been reported that the Indonesian textile industry will produce 3.9 million tonnes of textile waste in 2030. With 92 million tonnes of textile waste generated yearly, it has been highlighted how the current model is not sustainable, and that the industry should...
On April 20, Vietnam’s National Master Plan for 2021-2030, with a vision to 2050, was made public in Hanoi. By 2030, Viet Nam aims to be an upper middle-income country with modern industry, a high average income, and economic growth based on research, technology,...
Thailand is aiming to support an annual 5% gross domestic product (GDP) growth with a plan to generate THB 2.2 trillion THB (USD 64.9 billion) investment into five targeted industries within the Eastern Economic Corridor (EEC) by 2026. The EEC, comprising areas in...
The Philippine Economic Zone Authority (PEZA) announced that President Ferdinand R. Marcos Jr. has declared two new economic zones located in Batangas province and Bacolod City, which are expected to bring in a total of PHP 1.64 billion (USD 29.3 million) worth of...
Singapore has retained its position as the best business environment over the next five years, according to EIU’s latest business environment rankings for the second quarter of 2023. Canada and Denmark, with tied scores, follow closely behind, largely supported by...
Trade flows between Malaysia and the UK, currently at MYR 32.3 billion (USD 7.1 billion) are expected to grow in 2023 as a consequence of the latter’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), one of the largest...
The Indonesian government has revealed that the country has received IDR 328.9 trillion (USD 22.4 billion) in investment in the first quarter (Q1) of 2023. Indonesia targets to attract USD 94.5 billion in investment in 2023. The country has presently met 23.5% of its...
During the sixth Singapore-Indonesia Leaders’ Retreat held in March 2023, it was announced that Singapore and Indonesia are exploring cooperation in new areas such as tech talent and smart cities. This comes following the resolution of longstanding bilateral issues...
