The Malaysian Ministry of Digital announced that the country’s digital investment reached MYR 66.22 billion (USD 14.7 billion) in the first half of 2024 (1H 2024), showcasing the resilience of its digital economy amidst ongoing global geopolitical challenges....
The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos Jr., approved several significant projects aimed at modernizing government systems and improving infrastructure. Among the initiatives is the Philippine Civil...
Thailand has introduced a new incentive program to encourage joint ventures (JVs) between Thai and foreign companies in the automotive parts manufacturing sector. This initiative, led by the Thai Board of Investment (BOI), aims to enhance Thailand’s role as a...
The Singapore Economic Development Board (EDB) has announced a commitment of SGD 32 million (USD 24.5 million) in fresh funding over the next two years to further drive corporate venturing through the third edition of its Corporate Venture Launchpad (CVL) program....
Vietnam and the United Arab Emirates (UAE) are actively pursuing negotiations for a Comprehensive Economic Partnership Agreement (CEPA) to enhance trade and investment ties. In July 2024, officials from Vietnam’s Ministry of Industry and Trade (MoIT) met with...
The Indonesian government has eased its local content requirements in the energy sector to attract concessional funding for renewable energy projects from international development banks, according to a report from Reuters. The news agency cited the Deputy Minister of...
Thailand aims to finalize the Thailand-EFTA Free Trade Agreement, marking its first Free Trade Agreement (FTA) with European nations. The agreement, involving Iceland, Liechtenstein, Norway, and Switzerland, is set to be completed in 2024, while negotiations for the...
The European Union (EU) and Singapore have successfully concluded negotiations for the EU-Singapore Digital Trade Agreement (EUSDTA) on 25th July 2024 in Brussels. This agreement, building on the EU-Singapore Digital Partnership signed earlier in February 2023,...
The Department of Trade and Industry (DTI), with support from the Asian Development Bank (ADB), launched the National Artificial Intelligence Strategy Roadmap 2.0 (NAISR 2.0) and the Center for AI Research (CAIR) on July 3, 2024. This initiative is a key part of the...
The Malaysian Investment, Trade and Industry Ministry (MITI) is set to develop a strategic plan to boost green investment and establish Malaysia as a leading regional green investment hub, catalyzing sustainable socio-economic development. This initiative follows the...
The Indonesian government has been presented with proposals to create seven new special economic zones (SEZs), as stated by the acting secretary general of the SEZ National Council. These proposed SEZs are intended for locations in Java, Sulawesi, and the Nusantara...
Vietnam and the Republic of Korea have recently enhanced their economic cooperation. The parties stressed the need for close coordination and practical measures to achieve their target of boosting bilateral trade to USD 100 billion by 2025, the tenth anniversary of...
