Nearly 90 per cent of businesses in Vietnam plan to invest more in the Association of Southeast Asian Nations (ASEAN) region, according to the HSBC ASEAN Business Sentiment survey of financial decision-makers in the bloc's six biggest economies.
Hem Vanndy, Minister of Industry, Science, Technology & Innovation, welcomed a Japanese business delegation led by Fumiaki Takahashi, President of the Japan-Cambodia Association (JCA), to explore potential collaboration between the Small and Medium-sized Enterprises (SMEs) of both nations.
Indonesia is seeking to sign its trade pact with Sri Lanka by next March while hoping that one year of negotiations is enough to close the deal.
There is no reason for Malaysia to not ascend to high-income status by 2030, according to Asean+3 Macroeconomic Research Office (Amro) chief economist Hoe Ee Khor, citing the recent surge in foreign investment inflows into the country, which is expected to boost economic growth in years to come.
The Philippine Economic Zone Authority (PEZA) expects a surge in investment from the European Union (EU) amid revival of talks between the Southeast Asian country and the bloc on a planned free trade agreement (PH-EU FTA).
The Philippines ratified the Second Protocol of the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) to boost trade and investment opportunities and modernize the agreement to enhance market access and promote sustainable development, aligning with the country’s vision for economic collaboration within ASEAN.
“Now almost everything I make in a day goes towards paying the interest on my debt.”
The authorities of Indonesia's Batam Island officially started on March 31 the operation of direct shipment from Batuampar Port to China's Guangzhou and Shenzhen to boost trade between the two countries.