The ASEAN+3 Macroeconomic Research Office (AMRO) has forecast the ASEAN+3 region will grow to 4.2% in 2024 and 4.4% in 2025, in its latest quarterly update.
Deputy Minister of Finance II, Thomas Djiwandono, claimed ASEAN has proven its economic resilience. The region’s economic growth is said to have surpassed the global average, with a 3.6 percent contribution to the world’s GDP.
Pakistan and Malaysia on Thursday signed four key MoUs to boost trade relations. Federal Minister for Commerce Jam Kamal Khan witnessed the signing of four significant MoUs between Pakistan and the Malaysian business community in Islamabad. Fauji Meat Limited and NSK signed a letter of intent (LoI) for a profit-sharing partnership in the distribution, wholesale, and retail of meat. Gobi VC Investment Fund committed $300,000 to Qistbazar and announced plans to raise a $50 million fund to support Pakistani startups.
THE PHILIPPINES will likely post the second-fastest growth in the Association of Southeast Asian Nations Plus 3 (ASEAN+3) region this year and in 2025, driven by faster government spending and easing interest rates, according to a regional think tank.
The Singaporean manufacturing industry is on the path of gradual restart, with base effects aiding the improvement and the increasing role of AI technologies. As highlighted by RHB’s recent report these factors are expected to realise the recovery of the sector, that has for a long time now been facing external shocks and cut throat interest rates.
The EU’s Global Gateway has the ambition to mobilize EUR300 billion (US$332 billion) worldwide, building on commitments from all Team Europe partners – the European Union, its member states, and finance institutions- and from the private sector.
A ‘new atmosphere’ of cooperation is expected with Lawrence Wong having taken the helm as PM
October 4 is a date that cannot come soon enough for European Union bureaucrats, but one the Chinese government desperately wants to avert.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
