Japanese oil and gas driller Inpex has announced that it invested in a geothermal energy project in Indonesia and will study the potential to develop a power plant in the Southeast Asian nation.
The Regional Comprehensive Economic Partnership (RCEP) trade pact and the Belt and Road Initiative (BRI) have played an important role in boosting Cambodia’s socioeconomic and trade development.
Reflecting on the past year, one can identify positive developments of the RCEP agreement. The world economic growth is sluggish, while economic globalization and free trade are facing severe backlash amid the pandemic.
Singapore signed a digital trade agreement with South Korea in November 2022 under the Korea-Singapore Digital Partnership Agreement (KSDPA).
Singapore's economy grew faster that official forecasts in 2022 but slower activity in the fourth quarter points to significant risks ahead for the city-state in the new year as global demand weakens and inflationary pressures weigh.
Philippine President Ferdinand Marcos Jr. is visiting Beijing to seek better economic ties with China despite continued tension over territorial disputes in the South China Sea.
Indonesian Cooperative and SME Minister Teten Masduki said that his government will revise next year's export target in a bit to anticipate the impact of the global recession.
According to Japan’s Nikkei web, the country will propose sharing supply chain data with ASEAN member states, as part of the measures to strengthen economic ties with the region.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
