The Department of Statistics Malaysia (DOSM) announced that Malaysia’s trade value reached a new milestone in 2021 as it surpassed MYR 2.2 trillion (USD 495 billion), the fastest growth since 1994. Malaysia’s exports increased by 26% to MYR 1,239.8 billion (USD 273...
The Republic of Korea (RoK) has been one of the top FDI source countries in Vietnam since 2020, according to the Ministry of Planning and Investment. In the first five months of 2022, the RoK ranked second with an investment capital of over USD 2.06 billion,...
The Philippines and Israel have vowed to strengthen bilateral economic relations by signing the Investment Promotion and Protection Agreement (IPPA), which could potentially bring the Philippines USD 150 million worth of investments from Israeli investors in 2022. The...
The global chip shortage led to increasing demand for semiconductors, which in turn made Singapore’s manufacturing output jump 13.8% year-on-year in May. For eight months the sector in Singapore has been consistently performing better. Despite the presumptions of...
On June 21st, Singapore’s Ministry of Finance announced the new Energy Efficiency Grant. The grant will assist SMEs in the food services, food manufacturing, and retail sectors with up to 70% financial support for energy-efficient equipment, after approval, in certain...
In the first quarter of 2022 Singapore’s economy showed promising growth, way more than was previously estimated. However, the annual GDP will stay in the lower half of the government’s forecast range due to the Ukraine war and strict COVID-19 measures in...
Republic Act 11697 or the Electric Vehicle Industry Development Act or EVIDA, which was signed into law by the outgoing President Rodrigo Duterte, is poised to attract immense interest for investments in the emerging Electric Vehicle (EV) industry in the Philippines....
During the US trip of Vietnam’s Prime Minister, which took place in May 2022, representatives from the two countries reaffirmed their intention to further grow their bilateral relation, noting that health, climate change, renewable energy sustainable development will...
Malaysian Investment Development Authority (MIDA), the government’s principal investment promotion agency, emphasized that Malaysia should tap into the circular bio-economy as it has an ample biomass feedstock of up to 100 million tons. Malaysia is emerging as a...
Official figures show that a historic spike in commodities prices and the easing of Covid-19 limits helped Indonesia’s economy grow for the fourth consecutive quarter between January and March. South East Asia’s largest economy increased 5.01% from January...
During the visit of Japan’s Prime Minister to Thailand, the two countries pledged closer economic cooperation, with Japan committing to an investment in the electrical vehicles industry in the special economic zone of Thailand called Eastern Economic Corridor in...
SATS Ltd. (SATS), Asia’s leading provider of food solutions and gateway services, has started a lease agreement with JTC to build an innovative food hub in Singapore’s Jurong Innovation District. While growing internationally, SATS has long been planning to...
