Malaysian Prime Minister Datuk Seri Anwar Ibrahim officially inaugurated the Tun Razak Exchange (TRX) as Malaysia’s International Financial Centre (IFC) by introducing relocation incentives for companies. With over 30,000 employees, including 20,000 knowledge...
Thailand’s National Electric Vehicle Policy Committee (EV Board) just approved incentives to encourage companies to transition their commercial fleets of large trucks and buses to battery electric vehicles (BEV) and cash grants for EV battery cell manufacturers. The...
In 2023, Singapore’s tourism sector showcased remarkable resilience and recovery, with international visitor arrivals reaching approximately 13.6 million, equivalent to about 71 percent of the 2019 levels. This performance exceeded the Singapore Tourism...
The European Chamber of Commerce of the Philippines (ECCP) and the Anti-Red Tape Authority (ARTA) have formed a partnership aimed at improving the business environment in the Philippines and attracting more European investment. ECCP President Paulo Duarte highlighted...
The Vietnamese Government has introduced new incentive packages to stimulate investments in hi-tech parks. Decree No. 10/2024/NĐ-CP stipulates that hi-tech parks will receive investment incentives equivalent to those granted to regions facing extremely challenging...
Indonesia has introduced fresh incentives to stimulate the sales of domestically manufactured and imported electric vehicles (EVs), aiming at promoting eco-friendly automobiles and attracting investments to bolster its domestic EV sector. These incentives, outlined in...
United Overseas Bank (UOB) Thailand recently forged a strategic alliance with Thailand’s Board of Investment (BOI) to amplify foreign direct investment (FDI) in the country’s high-tech sectors, with a specific emphasis on electronics and electric vehicles (EVs)....
According to the Economic Development Board (EDB), Singapore attracted SGD 12.7 billion (USD 9.5 billion) in fixed asset investments in 2023. The chemicals sector led with 35% of total investments, followed by electronics at 24.2%, and research and development at...
Malaysia and Singapore have formalized a memorandum of understanding (MOU) to collaborate on the development of the Johor-Singapore Special Economic Zone (JS-SEZ). This collaboration aims to improve cross-border trade and investment opportunities, focusing on key...
A senior US official announced in January 2024 that fifteen American companies, including semiconductor firms, are interested in investing USD 8 billion in Vietnam’s clean energy infrastructure. This investment is contingent on the country’s advancement in...
President Marcos expressed his commitment to strengthen the Philippines’ ties with Brazil in various sectors such as agriculture, trade, defense, and climate change. During the acceptance of credentials for the Brazilian Ambassador-designate, Marcos highlighted...
As revealed by Indonesia’s Foreign Minister, Japan and Indonesia have agreed to eliminate trade barriers and boost cooperation across multiple sectors. The agreement comes after a bilateral meeting between the leaders of both countries in Tokyo in December 2023....
