Singapore’s Maritime Port Authority has issued new incentives for Singapore-flagged ships that undertake decarbonization efforts. The incentives include a reduction in the initial registration fees of between 20 to 100 percent for new ships registering on Singapore’s Registry of Ships as well as tax rebates on the annual tonnage tax.
Acting high Commissioner of Malaysia to Pakistan Deddy Faisal Ahmad Salleh on Sunday said that his country can play a major role in providing Islamabad with economic and trade opportunities in the Association of East Asian Nations (ASEAN) regional bloc.
The Senate’s last session under the 18th Congress came to a close on 1 June, 2022 with no mention, deliberation, and ratification of the Regional Comprehensive Economic Partnership (RCEP). This means that the Philippines has once again missed the opportunity to be part of the largest trade deal the world has ever seen.
OVER 70 participants have signed up to share data on the Singapore Trade Data Exchange (SGTraDex), a digital utility which aims to tackle supply-chain inefficiencies by connecting partners in the local and global supply chains via a common data infrastructure.
With the trade war between the US and China showing no signs of abating, Indonesia and Mexico are becoming increasingly important to US businesses engaging in manufacturing operations.
Cambodia, this year’s ASEAN chair, with the support of other countries in the bloc, will endeavour to assume a more active role in building a “brighter future” for the Asian continent and the rest of the world, according to Prime Minister Hun Sen.
Việt Nam and Malaysia have great potential to promote trade and investment with Malaysia being one of the most important importers of Vietnamese goods in Southeast Asia in the post-pandemic period, a HCM City official said.
Businesses of all sizes are having to grapple with issues ranging from rising inflation to conflict in Europe and renewed lockdowns in China. Amid these uncertainties, commerce remains an important driver of economic growth, with Standard Chartered predicting global trade will grow by 70 per cent to US$30 trillion by the end of the decade.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
