The Philippines has reaffirmed its commitment to expand two-way trade and investment ties with Switzerland and deepen cooperation in cleantech and renewable energy, infrastructure, life sciences, and digital healthcare sectors. Three breakout sessions were held during...
Sarawak Digital Economy Corporation Berhad (SDEC), a Sarawak state government-owned corporation has established a partnership with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group to digitalize the state’s Small and Medium...
DBS Bank´s experts predict that Vietnam’s economy will grow at a rate of 6-6.5% during the next decade, surpassing Singapore by 2030 in terms of total GDP. Vietnam’s GDP was valued at USD 343 billion in 2020, compared to USD 337.5 billion of Singapore and...
The Asian Development Bank (ADB) has endorsed a new 5-year country partnership with Thailand to achieve its goal of becoming a high-income nation through sustainable economic growth. Under the 2021–2025 strategy, ADB’s programs and projects will help Thailand recover...
Indonesia has jumped three places in a global competitiveness ranking in 2021 thanks to its economic resilience amid the Covid-19 pandemic, the improvement in government efficiency, and rising confidence among its businessmen, Switzerland-based International Institute...
The Pacific Alliance (PA) and Singapore successfully concluded negotiations of the Pacific Alliance-Singapore Free Trade Agreement (PASFTA), which is expected to enhance economic cooperation between the two parties in areas such as infrastructure and urban solutions,...
Indonesia’s newest special economic zone expects to attract about USD 17 billion in investments, now that it is open to foreign investors and comes with a series of tax breaks. The Java Integrated Industrial and Port Estate, known as JIIPE, in East Java has already...
Megaworld Corp plans to raise PHP 27.3 billion (USD 567 million) from its Initial Public Offering (IPO) of MREIT, Inc., its real estate investment trust (REIT), by selling 49 percent stake or offering up to 1.239 billion common shares at a maximum price of PHP 22 (USD...
Malaysia’s largest online shopping platform, Shopee, has announced MYR 1 billion (USD 240 million) in sales in the country since the first movement control order (MCO) that started in March 2020. Shopee’s Regional Managing Director Ian Ho stated that the...
According to the latest report by the Monetary Authority of Singapore (MAS), the recent tightening of domestic restrictions and border controls will cause a near-term setback to segments that make up about 8% of the economy. Industries that are expected to be affected...
The Thai economy is on track to recover from the adverse effects of the Covid-19 pandemic, as illustrated by the recent announcement that the South East Asian´s exports rose to over USD 21 billion in value in April 2021, growing 13.1% year-on-year. This represents the...
In May 2021, it was reported that public investment projects in Vietnam up to 2025 will be funded with an estimated budget of over USD 120 billion. This expected budget spending was announced by Vietnam’s Prime Minister in the context of the medium-term public...
