Malaysia's GDP is expected to expand by over 4 percent this year, driven mainly by trade and investments. Southeast Asia's third-biggest economy is also focusing on low carbon technology and extending targeted subsidies to promote sustainable and inclusive development.
Ahead of the planned visit by Prime Minister Hun Manet to Vientiane in the near future, both Cambodia and Laos held talks to cooperate in the energy sector. As part of efforts to meet the growing demand for energy, Cambodia imports around 25 percent of its power requirement from Laos, Vietnam and Thailand. Currently, the Kingdom imports 445 MW from Laos, and the power trade is expected to reach 6,000 MW by 2030
There has been a lot of discussion about the rise or fall of China-US trade, but less attention has been paid to another important participant in global industry chains - Southeast Asia. A Bloomberg article said Monday that for the first time, China exported more to Southeast Asia in 2023 than to the US. If Bloomberg's report is true, the news can be seen as a new milestone for the realignment of global trade.
AS the relentless pace of technological advancement continues on, digital transformation becomes eminent across all industries.
Promoting economic development between the Kingdom and French-speaking countries took centre stage on Monday as six memoranda of understanding (MoUs) were signed between Cambodia business organisations and French international firms aiming to further boost the economic ties with Francophonie member countries.
SINGAPORE’S non-oil domestic exports (NODX) shrank 1.5 per cent year on year (yoy) in December, following a continued decline in electronics exports, data from Enterprise Singapore (EnterpriseSG) showed on Wednesday (Jan 17).
At the dialogue, President Widodo suggested the two countries step up dialogues and high-quality cooperation to realise their common vision of becoming high-income nations by 2045.
Indonesia is offering resume direct exports of lobster larvae to Vietnam in exchange for investment in lobster farming and easing up on Vietnamese boats fishing illegally in its waters.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
