The Philippine Economic Zone Authority (PEZA) aims to achieve a minimum of 15% growth in approved investments for the year 2024. PEZA Director General Tereso Panga stated that the target for 2024 is PHP 202 billion (USD 3.6 billion), representing a 15% increase from...
Research firms, including CGS-CIMB, MIDF, and Maybank Investment Bank Research, anticipate a positive trajectory for Malaysia’s economy in 2024. Projections range from 4.4% to 4.7% GDP growth, with the optimistic outlook primarily attributed to resilient...
Reuters has recently reported that leading auto manufacturers from Japan have plans to invest THB 150 billion (USD 4.34 billion) in Thailand over the next five years, propelling the Southeast Asian country’s transition to electric vehicles production....
Nvidia confirmed intentions to deepen collaboration with high-tech companies in Vietnam, with a focus on fostering local expertise in artificial intelligence (AI) and digital infrastructure development. The US firm also revealed plans to establish a chip center in...
Singapore marked a significant milestone in its trade relations by signing a groundbreaking free trade agreement (FTA) with four South American countries – Argentina, Brazil, Paraguay, and Uruguay, collectively known as Mercosur. This agreement, signed on...
Indonesia plans to provide tax incentives for automakers intending to establish electric vehicle (EV) plants, including exemptions on import duties for fully manufactured EVs until 2025. This effort, announced in a recent presidential decree, seeks to attract further...
During the 10th Singapore-Malaysia Leader’s Retreat held in Singapore in late October 2023, both countries announced the aim to sign a memorandum of understanding (MOU) for the Johor-Singapore Special Economic Zone (SEZ) in 2024. To facilitate the process, it was...
The Malaysian Digital Economy Corporation (MDEC), a key government agency driving digital transformation, has announced that it has exceeded expectations by facilitating MYR 110 billion (USD 23 billion) in digital technology investments. This achievement nearly...
The Eastern Economic Corridor (EEC), a special economic zone in Thailand, has set a new investment target of THB 500 billion (USD 13.7 billion) over the next five years. The EEC covers three eastern provinces: Chonburi, Rayong, and Chachoengsao, spanning over 13,285...
The European Union (EU) Commission stated that the EUR 60 million (USD 65 million) Financing Agreement aims to assist the Philippines in renewing its economy. This includes embracing the circular economy, reducing waste and use of plastics, ensuring water supply and...
Vietnam is holding talks with chips companies to draw investment in the country and possibly building its first chipmaking plant. The talks followed a historic upgrade between Vietnam and the US in September 2023, when President Joe Biden visited Hanoi and the White...
Indonesia and the Czech Republic have agreed to enhance cooperation in various fields, including infrastructure, transportation, vocational education, energy and mineral resources, environmental protection, defense industry, and healthcare, during the 6th Session of...
