It has recently been disclosed that the United Arab Emirates (UAE) is investing USD 32.7 billion in Indonesia across different sectors, including for Covid-19 vaccine manufacturing and distribution. Cooperation between the Indonesian Investment Authority and...
President Rodrigo R. Duterte has signed into law the PHP 5.024 trillion (USD 97.9 billion) national budget for 2022, which will be used for the country’s COVID-19 pandemic response and recovery efforts in the aftermath of Typhoon Odette. The budget is significantly...
Toward the end of 2021, Thailand announced new incentives for foreign investors, skilled professionals, and wealthy retirees. Incentives will span areas including immigration permit, tax, and land ownership. It has been reported that the government expects incentives...
The Annual IMD-SUTD Smart City Index (SCI), a survey published by Swiss business school Institute of Management Development (IMD) and the Singapore University of Technology and Design (SUTD), which ranks 118 cities by how “smart” they are, has named Singapore as the...
Vietnam’s economy bounced back in the fourth quarter (Q4) as manufacturing revived and exports extended their recovery from the pandemic slump earlier 2021. GDP rose 5.22% in Q4 compared to 2020, up from a revised -6.02% in Q3, according to the General...
Malaysia and the United States will discuss a memorandum of cooperation (MoC) in early 2022 to enhance transparency, resilience, and security in the semiconductor and manufacturing sector supply chains. This joint statement was made in response to the shortage of...
Household consumption in the Philippines could see sustained improvement in the near term amid slowing daily COVID-19 infection rates, analysts said. A more sustained improvement in household consumption is projected as daily infection rates have continued to slow. In...
The Indonesian government has approved new tax measures aimed to boost 2022 revenues. The move aims to capitalize on increased spending demands following the contractions caused by the Covid-19 pandemic. There are five notable revisions, namely in the area of Value...
Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob has unveiled the National Trade Blueprint (NTBp), which aims to boost the country’s competitiveness by enhancing the business ecosystem and ensuring sustainable growth in international trade. Through the...
Singapore and the US signed an MoU to implement the US-Singapore Partnership for Growth and Innovation, aimed at strengthening ties on trade and investment between the two countries. The two countries will convene activities for government and private sector leaders...
In October 2021, the Thailand Board of Investment (BOI) approved incentives to encourage companies to speed up Industry 4.0 transformation. It reported that total investment applications for the first nine months of 2021 amounted to THB 520.7 billion (USD 15 billion),...
According to Vietnam Briefing, while Vietnam is still enduring the economic disruptions caused by the Covid-19 pandemic, it has enough pull factors to persuade investors to continue their business operations and relocate their industrial activities to the nation....
