United Overseas Bank (UOB) Thailand recently forged a strategic alliance with Thailand’s Board of Investment (BOI) to amplify foreign direct investment (FDI) in the country’s high-tech sectors, with a specific emphasis on electronics and electric vehicles (EVs)....
According to the Economic Development Board (EDB), Singapore attracted SGD 12.7 billion (USD 9.5 billion) in fixed asset investments in 2023. The chemicals sector led with 35% of total investments, followed by electronics at 24.2%, and research and development at...
Malaysia and Singapore have formalized a memorandum of understanding (MOU) to collaborate on the development of the Johor-Singapore Special Economic Zone (JS-SEZ). This collaboration aims to improve cross-border trade and investment opportunities, focusing on key...
A senior US official announced in January 2024 that fifteen American companies, including semiconductor firms, are interested in investing USD 8 billion in Vietnam’s clean energy infrastructure. This investment is contingent on the country’s advancement in...
President Marcos expressed his commitment to strengthen the Philippines’ ties with Brazil in various sectors such as agriculture, trade, defense, and climate change. During the acceptance of credentials for the Brazilian Ambassador-designate, Marcos highlighted...
As revealed by Indonesia’s Foreign Minister, Japan and Indonesia have agreed to eliminate trade barriers and boost cooperation across multiple sectors. The agreement comes after a bilateral meeting between the leaders of both countries in Tokyo in December 2023....
The Philippine Economic Zone Authority (PEZA) aims to achieve a minimum of 15% growth in approved investments for the year 2024. PEZA Director General Tereso Panga stated that the target for 2024 is PHP 202 billion (USD 3.6 billion), representing a 15% increase from...
Research firms, including CGS-CIMB, MIDF, and Maybank Investment Bank Research, anticipate a positive trajectory for Malaysia’s economy in 2024. Projections range from 4.4% to 4.7% GDP growth, with the optimistic outlook primarily attributed to resilient...
Reuters has recently reported that leading auto manufacturers from Japan have plans to invest THB 150 billion (USD 4.34 billion) in Thailand over the next five years, propelling the Southeast Asian country’s transition to electric vehicles production....
Nvidia confirmed intentions to deepen collaboration with high-tech companies in Vietnam, with a focus on fostering local expertise in artificial intelligence (AI) and digital infrastructure development. The US firm also revealed plans to establish a chip center in...
Singapore marked a significant milestone in its trade relations by signing a groundbreaking free trade agreement (FTA) with four South American countries – Argentina, Brazil, Paraguay, and Uruguay, collectively known as Mercosur. This agreement, signed on...
Indonesia plans to provide tax incentives for automakers intending to establish electric vehicle (EV) plants, including exemptions on import duties for fully manufactured EVs until 2025. This effort, announced in a recent presidential decree, seeks to attract further...
