Nigeria has underscored its commitment to strengthening ties with Indonesia in trade and investment to further unleash both countries’ economic potential.
India has consistently been the second-largest export destination for Indonesian vegetable oil products, buying 16 percent of the country’s total shipments last year, according to International Trade Center data, below only China’s share of 21 percent.
Indonesia's state food logistics company Bulog is conducting an in-depth study on a plan to acquire several rice producers in Cambodia to meet domestic rice demand.
Ethnic armed groups opposed to the military now control trade routes accounting for 91 percent of the country’s overland trade with China.
Thailand’s economic data in July improved from the previous month, mainly attributed to exports and tourism, according to the Bank of Thailand (BoT).
Acting Head of State Hun Sen Tuesday expressed satisfaction with the growing trade volume between Cambodia and Thailand.
The Cyber Security Act 2024, officially gazetted on June 26, 2024, by the Attorney General’s Chambers, marks a significant advancement in Malaysia’s efforts to fortify its digital defenses. This legislation represents a comprehensive legal framework designed to safeguard the nation’s critical information infrastructure (CII) against an increasingly complex landscape of cyber threats.
Indonesia's recent measures to limit imports, including shifting inspections to border checkpoints and proposing substantial Chinese goods tariff hikes have introduced unpredictability and caused logistical problems, aiming to protect micro, small and medium enterprises and address declining industrial value. While protectionist actions could benefit struggling sectors, there are concerns that this approach could strain trade relations, violate international agreements, create domestic disputes and potentially harm domestic industries, suggesting instead that collaboration with China and caution in policy formulation would better maintain a favourable business climate and attract investment.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
