The Department of Trade and Industry’s Export Marketing Bureau (EMB) inked a tripartite agreement with the Swiss Embassy in Manila and the Swiss Import Promotion Program (SIPPO), for conducting a market study with the objective of enhancing the Philippines’ trade with...
Vietnam is expected to significantly increase its agricultural exports to the EU as a consequence of the recently concluded EU-Vietnam Free Trade Agreement (EVFTA). According to the Ministry of Agriculture and Rural Development, leading agricultural exports will...
Korea Development Bank (KDB) has purchased a majority stake of 80.65% in Tifa Finance, a multi-finance company in Indonesia. KDB is a state-owned bank established in 1954 for the purpose of supplying capital to help develop Korean industries and the national economy....
Iskandar Malaysia, the southern economic corridor in Johor state has announced that it received USD 3.8 billion in cumulative investments for the first six months of 2020. This resulted in a total cumulative investment of USD 79.73 billion since the inception of the...
Enterprise Singapore (ESG), a government agency that champions enterprise development in Singapore, will be enhancing the Startup SG Founder scheme with the aim of boosting the pipeline of new innovative startups in Singapore. Launched in 2017, Startup SG Founder...
The impact of COVID-19 has been negative for Thailand’s export- and tourism-reliant economy. According to Thailand’s Fiscal Policy Office, the Thai GDP is forecast to contract by -8.5% this year. In July, however, the Thai economy showed some signs of improvements...
The Indonesian government has decided to focus on three priority sectors for the budget next year. They are food security, industrial estate development and ICT. President Joko Widodo proposed a USD 185 billion budget in mid-August, which will see a GDP deficit of...
Several states in Malaysia continue to introduce initiatives to attract domestic and foreign investments as the country remains to be among the preferred investment destination worldwide despite the challenging global economic environment. The World Bank has recently...
The Philippine government is getting ready to rollout its second phase of stimulus package as the Bayanihan 2 is only awaiting the signature of President Rodrigo Duterte for enactment. The Bayanihan 2 aims to offer assistance, subsidies and socio-economic relief to...
The Asian Institute of Digital Finance (AIDF), a research institute that will develop deep capabilities to support the needs of digital financial services in Asia, will begin operating at the end of the year, as a result of a partnership between the Monetary Authority...
Thailand’s Government, aiming to support business and to simplify the process of setting up and conducting business in the country, has approved in June 2020 new amendments to the Civil and Commercial Code (CCC), with the expectation that the proposed amendments will...
The representatives of the New Zealand Embassy to Vietnam, the Ministry of Agriculture and Rural Development (MARD) of Vietnam and the Ministry of Finance (MoF) of Vietnam signed an agreement to establish an electronic certificate (e-Cert) for food and...
