In August, Indonesia’s exports hit a record high of USD 21.42 billion, boosted by surging commodity shipments, helping Southeast Asia’s biggest economy post its largest-ever monthly trade surplus. Additionally, from January to August 2021,...
Prime Minister Ismail Sabri Yaakob has presented the 12th Malaysia Plan (12MP), the nation’s five-year development framework between 2021-2025. The 12MP is largest five-year road map covering a budget of MYR 400 billion (USD 96.3 billion), which is 54% larger than the...
In mid-September 2021, the Philippine Senate unanimously approved Senate Bill 1156, a new bill that will amend the country’s foreign investment law, the Foreign Investments Act (FIA) of 1991. It is one of the key economic measures that President Rodrigo Duterte...
Singapore has lost the top spot among Asia-Pacific Countries in the Global Innovation Index (GII) 2021 to South Korea after topping the list for seven consecutive years, although it has maintained its global ranking of 8th. This comes after South Korea has made...
Representatives of the EU and Thailand recently discussed future prospects concerning the resumption of discussions about a Free Trade Agreement between Thailand and the EU, in order to facilitate and expand opportunities for businesses from the parties. Accordingly,...
Several foreign firms, including the Swedish-Swiss multinational food packaging and processing company Tetra Pak, have recently announced new investment into Vietnam, despite recent Covid-19 outbreaks in the country. Foreign players like Nestle and Samsung evaluate...
After contractions in the previous four consecutive quarters, Indonesia’s economy registered its first growth in Q2/2021. According to Statistics Indonesia (BPS), Indonesia’s economy in Q2 grew by just over 7%. The progress comes from four sectors, namely the...
In the second quarter of 2021, Malaysia has registered around 325 foreign investment projects in the manufacturing and services sectors. with an estimated total investment value of MYR 97.4 billion (USD 23.55 billion). A further 835 potential projects in these sectors...
Economic and tourism activities in Siquijor, are expected to recover from the COVID-19 pandemic as Philippine Department of Transportation (DOTr) Secretary Art Tugade led the inauguration of the newly transformed Siquijor Airport on Thursday, 26 August 2021. The...
The Singapore Ministry of Trade and Industry (MTI) has upgraded its 2021 GDP growth forecast range from 4-6% to 6-7%, despite the continued global rise of Covid-19 cases due to the spread of the highly transmissible Delta variant. This revision was made in light of an...
The baht has depreciated by 10.4% against the dollar so far in 2021, helping the Thai export sector. According to the president of the Thai National Shippers’ Council, the weakening baht is considered a boon for exports, forecasting a 10% export growth in 2021....
Several countries are reopening their economies after the success of vaccination programs. As a result, it is predicted that the demand for textiles, footwear, furniture, and electronic devices produced in Vietnam will increase. According to the latest data released...
