The Asian Development Bank (ADB) projects that Singapore’s economic growth will accelerate to 2.4% in 2024 and 2.6% in 2025, driven by stronger exports and a resurgence in global electronics demand. This is a notable increase from the 1.1% growth expected in 2023. The...
During the visit of New Zealand Prime Minister Christopher Luxon to Bangkok, Thailand, both countries expressed their commitment to enhancing economic collaboration, aiming to triple bilateral trade by 2045. Luxon and his Thai counterpart, Srettha Thavisin, held...
During a meeting in London last month, Indonesia’s Coordinating Minister for Economic Affairs and the British Minister of Trade discussed bolstering economic and trade ties between their nations. The establishment of the Joint Economic and Trade Committee...
The Philippines is set to further develop the Clark Special Economic Zone (SEZ) with initiatives inspired by Singapore. Key projects include affordable housing modeled after Singapore’s HDB flats (public housing) and transforming the existing civil aviation complex...
The Malaysian Investment Development Authority (Mida), the country’s principal investment promotion agency has approved 4,230 green technology projects worth MYR 41 billion (USD 875 million) as of 2023. The country is witnessing a surge in green technology investment...
Apple plans to increase its investment in Vietnam, according to state media quoting CEO Tim Cook during his visit to Hanoi in April 2024. Vietnam is already a crucial manufacturing hub for Apple. Cook made these remarks during a meeting with Prime Minister Pham Minh...
The Malaysian Investment Development Authority (MIDA), the government’s principal agency for the promotion of the manufacturing and services sectors highlights Malaysia’s latest top ranking in the 2024 Global Opportunity Index (GOI). Released by the...
Thailand is aiming to attract more than THB 1 billion (USD 28 million) in investment from foreign filmmakers in 2024, according to the director-general of the Department of Tourism. He mentioned that the Thailand Film Office will be participating in the Hong Kong...
The Monetary Authority of Singapore’s (MAS) recent survey forecasts a 2024 economic growth rate of 2.4% for Singapore, slightly up from the previous estimate of 2.3%, and anticipates an increase to 2.5% in 2025. The revised forecast also lowers headline inflation...
During a meeting held in Auckland in March 2024, the Vice President of Indonesia urged stakeholders in New Zealand’s halal industry to strengthen collaboration with their Indonesian counterparts. Emphasizing Indonesia’s status as the country with the...
In March 2024, a large American business delegation, which includes Meta, Boeing, and wind energy company GE Vernova, visited Vietnam to seek investment opportunities with local partners. The business trip indicates sustained corporate interests in the Southeast Asian...
The United States Presidential Trade and Investment Mission (PTIM) to the Philippines, spearheaded by US Secretary of Commerce Gina Raimondo, has heralded a significant milestone with US companies pledging over USD 1 billion in investments. This groundbreaking...
