As a free trade agreement, the Regional Comprehensive Economic Partnership covers not only the largest free trade area in the world but also is ASEAN-centered, development-oriented and inclusive. Since coming into force almost 22 months ago, it has played a significant role in promoting regional economic cooperation, and enhancing the region's economic resilience and boosting its risk-resisting capacity. The next few years will be critical for the RCEP to perform to its full potential.
Malaysian palm oil futures reversed early gains to close lower on Monday, as the contract tracked weaker crude oil prices, but a combination of speculative buying and short covering limited the losses.
The Philippines has signed the protocol to amend the Association of Southeast Asian Nations (ASEAN) Comprehensive Investment Agreement (ACIA), which is expected to enable the country to attract more investments, particularly in manufacturing
Singapore's economy increased more than predicted in the third quarter, as a rush for everything related to artificial intelligence (AI) drove up demand for computer processors. According to the sources
The Tourism Council of Thailand (TCT) is urging the government to boost domestic spending by raising the starting salary of new public servants to 25,000 THB (about 750 USD) per month and offering 1,000 THB in digital currency to foreign tourists who visit certain parts of the country.
The Government News quoted the Cambodian Ministry of Economy and Finance as reporting on October 15 that the two-way trade between Vietnam and Cambodia in the first nine months of this year reached $5.8 billion, an increase of 21.9% year-on-year
Indonesia plans to import 3.6 million tons of rice this year, with Vietnam as its largest supplier
The leaders of China and ASEAN member states announced the conclusion of the upgraded negotiations on "Version 3.0 China-ASEAN Free Trade Area" in Vientiane, capital of Laos, on Thursday, paving the way for the formation of one of the world's most populous and robust free trade areas, which will play a bigger role in boosting regional development amid growing global protectionism.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
