The projected global downturn will impact Singapore. Will the return of tourists cushion the blow?
While China’s troubles continue, Southeast Asian governments have been beckoning businesses their way with cheaper labour, tax breaks and improved logistics.
Thailand has been ranked first in ASEAN in the latest Sustainable Development Report by United Nations Sustainable Development Solutions Network (UNSDSN).
Taiwan has increasingly shifted its investment focus away from China to the ASEAN and US markets, as major tech firms seek to improve supply chain resilience and diversify investment risks, DBS Group Holdings Ltd said in a report yesterday.
Completely-built-up (CBU) cars imported from ASEAN Member States will enjoy zero percent import duty till 2027.
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.