President Ferdinand ''Bongbong'' Marcos Jr. on Wednesday highlighted two significant economic corridors between the Philippines and Brunei as these help in the development of small and medium enterprises.
Indonesia is increasing its global influence through its foreign aid program, Indonesian AID. Indonesian AID provides technical assistance in the Pacific region, driven by Indonesia's strong economic performance and the need to navigate global challenges. It also aligns with the Indonesian government's financial reforms and offers a more cohesive approach to foreign assistance. To maximise its impact, Indonesian AID should focus on developing a robust branding strategy, prudent financial management and a meticulous fund distribution approach.
Malaysia on Tuesday laid out plans to develop the country as a global chip hub, including allocating at least $5.3 billion in fiscal support and training 60,000 engineers.
Despite becoming the most prosperous Asia Pacific country in per capita terms, Singapore faces challenges from global tensions, inequality and an over-reliance on traditional success sectors. To sustain growth, officials are emphasising meritocracy and diversity in talent, promoting upskilling and reforming education to further creativity and innovation. The government is also introducing visa restrictions for foreign white-collar workers and supporting economic diversification towards 'advanced' industries such as pharmaceuticals and agritech.
The Ministry of Commerce (MoC) yesterday inked an agreement with Pakistan to establish a joint committee aimed at elevating trade cooperation. It is also preparing another Memorandum of Understanding (MoU) to be signed with Bangladesh to promote the trade of rice.
Over the years, Vietnam has shown that it is a responsible member and fully implementing its obligation in ASEAN. Thereby, enhancing Vietnam Customs’s position and role as a pillar member agency of ASEAN economic community. At the same time, promoting its pioneering role in the ASEAN region, Vietnam Customs has made efforts to demonstrate and make its mark through 6 outstanding results.
Nikkei's annual Future of Asia conference, held in Tokyo last week, brought together insights on various issues facing the region.
The results of the 2024 State of Southeast Asia Survey, conducted by the ISEAS–Yusof Ishak Institute, have caused quite a stir. When asked which of the two powers they would choose to side with if they had to, 50.5 per cent of ASEAN’s policy elite favoured China while 49.5 per cent favoured the United States. But the survey results also showed that only 24.8 per cent trusted China, compared to 42.4 per cent trusting the United States.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
