Growth in Singapore’s non-oil domestic exports (Nodx) picked up last month, with shipments increasing 7.7 per cent year on year, mainly driven by non-electronic goods, according to data from Enterprise Singapore (ESG) on Thursday (Sept 17).
The Covid-19 pandemic has given new impetus to integration of the Asean economies, said Second Minister for Trade and Industry Tan See Leng on Tuesday (Sept 15).
THE aspirations for the Malaysia Digital Economy Corp (MDEC) is to firmly establish Malaysia as the heart of digital Asean, a regional digital powerhouse and industry trailblazer. In this role, it had launched global champions to lead the Fourth Industrial Revolution (4IR).
The Kingdom’s export to the international market is under threat although the country has secured regional and global free trade agreements, according to the Ministry of Commerce (MOC).
Economic expansion of Laos is forecast to contract this year for the first time since 1980s due to impacts of the COVID-19 pandemic, but the economy will recover in 2021, according to the Asian Development (ADB)’s recent report.
Australia said it will offer the Association of Southeast Asian Nations (ASEAN) a 60-million-USD package under the Partnerships for Recovery programme to support the region in COVID-19 related health security, stability and economic recovery.
Despite relatively effective containment of Covid-19, the impact of the pandemic on Thailand's economy has been more severe than expected and economic recovery remains elusive, with annual GDP poised to shrink by 8 percent, says the Asian Development Bank (ADB).
At the height of the longest and most stringent COVID-19 lockdown in the region, the second-quarter revenues of major industries in the Philippines fell by 26.8 percent year-on-year, also slashing jobs and incomes as the economy contracted.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
