Malaysia is likely to receive more trade and investment delegations in the second half of the year (2H 2022), the Malaysia Global Business Forum (MGBF) said.
Brunei Darussalam’s growth is expected to rebound in 2022 and 2023 with gross domestic product (GDP) growth of 4.2 per cent and 3.6 per cent respectively, led by a sharp increase in oil and gas output. A key policy challenge is the diversification of fiscal revenue away from oil and gas to enhance long term fiscal sustainability.
Indonesia, Vietnam, Malaysia and Singapore are among the favourable destinations for Indian enterprises to expand their footprint in the Association of Southeast Asian Nations (ASEAN) region. Indian companies with an ASEAN focus are quite optimistic about business growth in the region, according to a survey commissioned by Standard Chartered.
The ThaiCham is tasked with expanding business networking and Thai presence to strengthen the Thai businesses community in Vietnam.
Signs are already emerging that the Regional Comprehensive Economic Partnership, or RCEP, could expand beyond the one-third of the world it already covers.
The new and impactful Regional Comprehensive Economic Partnership will create new trade opportunities among Asian countries and accelerate the region’s economic recovery.
Bilateral trade between Norway and the Philippines jumped last year by a total of 120 percent. In 2020, the growth rate was 19.53 percent.
The Department of Trade Negotiations (DTN) has called the Regional Comprehensive Economic Partnership (RCEP) a golden opportunity for Thai exporters, service providers and investors to explore regional markets and beyond.