Just a stone's throw from a seaside resort popular with tourists, a new industrial complex is expanding on Indonesia's Bintan island, which lies across a narrow strait from Singapore.
Indonesian President Joko Widodo has formed a task force to increase national exports amidst global economic and geopolitical dynamics.
Laos and Brunei on October 3 agreed to upgrade their relationship to a strategic partnership during Bruneian Sultan Haji Hassanal Bolkiah’s ongoing state visit to Laos on the occasion of the 30th founding anniversary of diplomatic relations.
Malaysia’s Investment, Trade and Industry Minister Tengku Zafrul Aziz has stressed that supporting Malaysian small and medium-sized enterprises (SMEs) is vital as the global supply chains are shifting to the Association of Southeast Asian Nations (ASEAN).
Thailand is expected to finalise free trade agreements (FTAs) with the European Free Trade Association (EFTA), Sri Lanka and the United Arab Emirates (UAE) in the second and third quarters of next year, which will increase trade volume between Thailand and the three export markets by about US$31 billion, or one trillion baht, annually.
Cambodia is urging stronger business ties among ASEAN member states to address challenges faced by the bloc’s economic community in order to boost global exports and regional economic growth.
One of the current escalating issues between the two major powers, China and the US, is the global semiconductor race. It has caused divisions within global supply chains, such as the increased reshoring of manufacturing processes. As a result, countries globally are making readjustments and competing for a more significant role in this growing technology sector.
The Prime Minister of Cambodia, Dr. Hun Manet, emphasised on his telegram channel that the signing of the sub-decree allows the reduction of export tax rates on some natural stone products for export, with the aim of easing the burden on natural stone exporters and facilitating the competition of Cambodian natural stone products in the international market.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
