Thailand’s Eastern Economic Corridor (EEC) has set a new investment target of 500 billion baht (US$13.7 billion) over the next five years.
India and Indonesia, connected by a deep-rooted history and strategic partnership, are rapidly advancing their economic cooperation. This includes robust trade ties, increased bilateral investment, and initiatives such as the Economic and Financial Cooperation Dialogue (EFD) to address shared development goals. With a focus on technology, pharmaceuticals, agriculture, and infrastructure, both countries are aiming for a trade target of US$50 billion by 2025. These efforts underscore their commitment to mutual growth, presenting a promising outlook for India-Indonesia trade relations.
ASEAN and Canada have edged closer to concluding a free trade agreement (FTA) with Canada officially achieving the strategic partnership status during the ASEAN Summit in late September. Canada has been a dialogue partner to ASEAN since 1977.
Jakarta weighs up its options as it has decisions to make in early 2024
Vietnam and Thailand will be the two main rice suppliers for Indonesia's upcoming purchase of 1.5 million tonnes of rice.
Cambodia’s economy is forecast to be the fastest-growing in the Association of South-East Asian Nations (Asean), according to the latest outlook by the International Monetary Fund backed by analysts reports.
Currencies of Southeast Asian countries are trading near their lows for the year against the surging USD, with the MYR of Malaysia and THB of Thailandleading the decline, as governments and businesses in the region worry about the economic impact of the depreciation., according to Nikkei Asia.
The Industry Ministry is being asked to allow the creation of a new regulatory unit to help it monitor product standards, aiming to control the influx of cheap Chinese imports, said the Federation of Thai Industries (FTI).