The Malaysia Digital Economy Corporation (MDEC) has secured over MYR 1 billion (USD 238 million) in digital export opportunities through its DEX CONNEX 2025 initiative, solidifying Malaysia’s position as a leading digital hub in ASEAN. The platform connected 217...
The European Union (EU) and Indonesia have concluded a long-anticipated trade agreement that eliminates tariffs on nearly all European exports to Southeast Asia’s largest economy, while enhancing the bloc’s access to vital raw materials. The agreement eliminates...
Vietnam and the European Union (EU) have agreed to set up a special joint task force to address trade barriers and enhance the implementation of the EU – Vietnam Free Trade Agreement (EVFTA). The decision was made at the fourth meeting of the EVFTA Committee in...
The Securities and Exchange Commission of Thailand has introduced the TouristDigiPay sandbox, a pilot program allowing foreign tourists to convert digital assets into Thai Baht for payments on goods and services. The initiative aims to support innovation, strengthen...
Singapore’s economy demonstrated resilience in the second quarter of 2025, expanding by 4.4% year-on-year, surpassing the initial advance estimate of 4.3%. This performance contributed to a first-half GDP growth of 4.3% year-on-year. On a quarter-on-quarter...
Malaysia has agreed to purchase and invest over USD 240 billion with the United States to help narrow the trade deficit and secure a reduction in US reciprocal tariffs, from 25% to 19% on Malaysian exports, following a series of high-level negotiations. According to...
The Philippines is emerging as a potential pharmaceutical hub in Southeast Asia as new investments flow into the country’s economic zones. BMI Country Risk & Industry Research cited recent initiatives by AstraZeneca, Merck Business Solutions, and Royale Life...
Vietnam has revised its 2025 GDP growth target upwards to 8.3 – 8.5%, replacing an earlier goal of 8%, under a sweeping new resolution that sets immediate action across investment, infrastructure, credit management, exports and domestic consumption. The...
Thailand is continuing its strategy to establish itself as a fully integrated manufacturing hub for electric vehicles and components in Southeast Asia. The plan aligns with national climate goals of reaching carbon neutrality by 2050 and net-zero greenhouse gas...
Indonesia expects to finalize a trade agreement with Canada later this year, though an official signing date has not yet been determined, a senior official said on Monday. The two countries substantially concluded negotiations for their bilateral Comprehensive...
Singapore and the European Free Trade Association (EFTA) have finalized the EFTA-Singapore Digital Economy Agreement (ESDEA), aiming to facilitate seamless data flows and boost digital trade between Singapore and EFTA member states (Iceland, Liechtenstein, Norway, and...
Toyota Motor Philippines (TMP) and its suppliers reported USD 1.2 billion in exports in 2024, accounting for 30% of the country’s OEM parts exports. Despite global trade concerns, including possible U.S. tariffs, PEZA assured minimal impact on the Philippines due to...
