Saudi Arabia and Indonesia on Tuesday agreed to promote stronger investment ties during Saudi Foreign Minister Prince Faisal bin Farhan’s visit to Jakarta.
The first quarter of this year witnessed total two-way trade turnover between the nation and Cambodia reach nearly US$3.4 billion, with the figure anticipated to reach over US$10 billion for the entire year.
THE PHILIPPINE Senate deferred the ratification of the Regional Comprehensive Economic Partnership (RCEP), after some senators voiced concern over the lack of safeguards for the agriculture sector.
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.