The National Council for Special Economic Zones (KEK) in Indonesia has approved proposals for three new special economic zones (SEZs) in Batam, Tangerang, and Morowali. These SEZs target total investments of IDR 161 trillion (USD 9.8 billion) and will be recommended...
Singaporean companies are increasingly looking towards Vietnam as a strategic destination amidst shifts in manufacturing, the green transition, and advancements in artificial intelligence (AI). Singapore has significantly bolstered its position as Vietnam’s top...
Kazakhstan and Singapore have entered into agreements across six key areas, marking a milestone in their bilateral relations. The agreements encompass economic integration, security, enterprise standards, intellectual property (IP) rights protection, higher education,...
The Thailand Board of Investment (BOI) approved incentives to attract the organizers of large international concerts, sporting events, and festivals. These incentives support the Government’s vision to strengthen Thailand’s status as a tourism hub and...
Malaysia is committed to solidifying its position as a global technology powerhouse, leveraging its strong semiconductor industry. The National Semiconductor Strategy (NSS) outlines a significant expansion for this sector, with the country targeting investments of at...
The Philippines is strategically positioning itself as a regional hub for smart manufacturing and services, capitalizing on its advantageous geographic location and active participation in economic engagements. President Ferdinand Marcos Jr., during his keynote at the...
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...
