American automaker, Tesla, has signed contracts worth billions of dollars with nickel processing businesses in Indonesia to purchase ingredients for its batteries. Indonesia, which has significant nickel deposits, has been attempting to persuade Tesla to establish a...
The government of Vietnam recently announced that it aims to develop seven maritime economic clusters in the country over the next 10 years as part of its strategy to advance the marine economy while promoting sustainable development. The target was set by the Prime...
On 22 August 2022, Singapore and Malaysia announced the substantive conclusion of two Frameworks of Cooperation, one in the green economy and another in the digital economy. The Frameworks of Cooperation serve as the basis for future bilateral initiatives related to...
The government of Thailand has recently announced that it aims for a USD 62 billion investment in the Eastern Economic Corridor (EEC) over the next five years. The 2023-2027 plan for the EEC, a special economic zone, will include incentives for industries such as...
Alberta Investment Management Corp (AIMCo) is considering Singapore over Hong Kong in order to expand its private equity group into Asia. According to the head of private equity and international, Peter Teti, “AIMCo plans to increase its allocation to Asia-based...
Building new power plants, the use of renewable energy, and bringing down the price of electricity to consumers are the Philippines President Ferdinand Marcos’ priorities for the next six years of his administration. “We must build new power plants. We must take...
During a recent phone call between the Vietnamese Prime Minister and the South Korean counterpart, the two countries committed to increasing their bilateral trade from USD 78 billion last year to USD 100 billion this year, and USD 150 billion by 2030. One way to...
The UAE and Indonesia struck a broad economic agreement that would reduce tariffs and promote bilateral trade. According to a statement from the Indonesian trade minister, the pact would increase exports to the UAE by 54% over the next ten years by eliminating almost...
The government of Thailand announced that it will allow foreigners who invest a minimum of THB 40 million baht (around USD 1 million) to purchase property and land. The government also stated that it expects that the move will raise up to THB 1 trillion (USD 28...
Malaysian Investment Development Authority (MIDA), the country’s principal investment promotion agency, has approved Smart Automation Grants (SAG) totaling MYR 138.5 million (USD 30.94 Million) to 238 companies by June 30, 2022. MIDA has launched The Smart Automation...
The Thailand Board of Investment (BOI) has approved a combined USD 6.2 billion worth of investment applications in manufacturing and infrastructure projects, including USD 1 billion by Horizon Plus, a joint venture between Taiwan’s Foxconn and Thailand’s PTT PCL, to...
Juniper Networks, an American leader in secure, AI-driven networks, announced that XL Axiata, one of Indonesia’s largest mobile telecommunications carriers, will upgrade its current network infrastructure using Juniper’s Segment Routing over IPv6 (SRv6)...
