According to the data collected by the Thailand Board of Investment (BOI), within the first nine months of 2020, local and international companies invested 1.7 billion USD in Thailand, over more than 300 projects listed as BCG or Bio-Circular-Green economic...
Indonesia is expected to see positive economic growth in 2021, after undergoing its first recession in two decades in the third quarter of 2020 due to the COVID-19 pandemic. The country looks to consumer and infrastructure spending as the main engines of GDP growth....
According to the UOB Global Economics and Markets Research, the state of Sarawak in East Malaysia has attracted the highest investments of MYR 15.8 billion (USD 3.9 billion) in the manufacturing sector during the first nine months of 2020. This was followed by Sabah...
In December 2020, the UK and Vietnam officially signed the UK Vietnam Free Trade Agreement (UKVFTA). Under the UKVFTA, the UK will first eliminate 65% of tariffs, moving up to 99% after seven years to boost bilateral trade. Vietnam will initially remove 48.5% of...
A new trade agreement between Singapore and the United Kingdom, the United Kingdom – Singapore Free Trade Agreement (UKSFTA), has officially come into force as of 1 Jan 2021, replacing the EU-Singapore Free Trade Agreement (EUSFTA) with regards to trade between both...
The Department of Trade and Industry (DTI) has called on the bicameral Congress to urgently sign the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, a landmark reformative bill that will make the country’s tax rates more competitive in South Eaast...
Bank Indonesia, in collaboration with the Ministry of Trade, the Indonesia Investment Coordinating Board, and the Indonesian Embassy in Japan, recently launched an integrated bilateral economic cooperation data platform called JAIPONG – Japan Indonesia Partnership...
According to a joint study by KPMG and US-based The Manufacturing Institute, called “Cost of Manufacturing Operations Around the Globe”, Malaysia was ranked fourth out of 17 trading economies in terms of economic competitiveness as a manufacturing hub. Malaysia came...
The Philippines’ premier economic advisory agency, the National Economic and Development Authority (NEDA), noted that the improvement in the country’s trade performance in September 2020 suggests that the country’s approach to gradually reopen the economy along with...
With Singapore’s trade-reliant economy expected to continue facing uncertainty in 2021, the Singapore government is looking to add an additional SGD 100 billion (approximately USD 74 billion) worth of fiscal stimulus initiatives to its 2021 budget. This is equivalent...
In October 2020, Thailand opened its borders to tourists who applied for special tourist visas (STVs), which required applicants from low-risk countries to fulfil certain requirements before being allowed to travel to the country, such as serving a government-approved...
The Vietnam Trade Alliance, a group of buyers and producers from the country, recently signed a pact to buy up to USD 500 million worth of American pork over three years from Smithfield Foods and other US pork producers. Specifically, under this ‘US-Vietnam Pork...
