In a move aimed at strengthening the relationship between Japan and ASEAN and promoting the digitalization of trade procedures, the Japanese government and a consortium of 20 of the country’s largest companies have announced the introduction of a digital platform to manage and integrate trade transaction information.
The auto industry is a significant contributor to Malaysia’s economy and a source of national pride. The sector was hit hard by COVID-19 but is already showing signs of recovery.
Indonesia’s economy is expected to grow between 5.5 percent and 6 percent next year as economic activity is expected to return to normal after this year’s partial lockdown to contain COVID-19 transmissions, private lender Citibank Indonesia said on Thursday.
The COVID-19 virus, which first emerged in Wuhan, China has now infected over 20.8 million people worldwide, with over 700,000 fatalities related to the disease. Unfortunately, the coronavirus isn’t merely a health crisis.
About 51 percent of Malaysians polled have travelled domestically or are planning to do so since the restrictions of the movement control order (MCO) were lifted, Malaymail reported on August 12.
Indonesia raised another Rp 22 trillion (US$1.48 billion) on Tuesday from government bonds to fund the country’s fiscal deficit and the costly fight against the unfolding pandemic, with the central bank participating in the tender.
The negotiation process on the Regional Comprehensive Economic Partnership (RCEP) has entered its final round and the agreement is expected to be signed in the near future, Indonesian Deputy Minister of Trade Jerry Sambuaga said.
Malaysia's economic growth is expected to improve in the second quarter of this year and recover in 2021, said Minister in the Prime Minister's Department (Economy) Mustapa Mohamed.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
