Indonesia’s plan to attract high-net-worth individuals through family offices, aiming to capture at least 5 per cent of the US$11.7 trillion global market, has sparked interest but also raised concerns. In the wake of major money laundering scandals involving family offices in Singapore, Indonesia must address potential pitfalls by implementing a robust regulatory framework. This includes tackling cybersecurity threats, wealth inequality and corruption. Balancing these issues will be crucial for converting ambition into sustainable and inclusive economic growth.
The second “Meet Thailand” conference was opened in the northern province of Lao Cai on August 28-29 in celebration of the 48th anniversary of diplomatic relations (1976-2024) and the 11 years of bilateral strategic partnership (2013-2024).
The Petrovietnam Technical Services Corporation (PTSC) and its Singaporean partner Sembcorp Utilities Pte Ltd held in Singapore on August 28 a ceremony of the hand-over of contract packages on wind and hydrological measurements and geological surveys under the project on exporting offshore renewable energy from Vietnam to Singapore.
The Indonesian Government is aiming to expand exports to the Republic of Korea (RoK) through the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA), which has been in effect for the past year.
With their competitive advantages, ASEAN countries are vying to become the new hubs for global production.
Indonesia has increased its rice import demand by 30,000 tonnes in August compared to the previous month, bringing the total to 350,000 tonnes, according to the latest tender announcement from the Indonesian National Logistics Agency (Perusahaan Umum BULOG).
Under the memorandum of understanding (MOU) between Việt Nam Ministry of Industry and Trade and Laos Ministry of Energy and Mines signed in July 2023, the two sides will enhance cooperation and investment in mining, processing and trading of coal.
Indonesia's Investment Minister Rosan Roeslani, who is also head of the Investment Coordinating Board (BKPM), is currently on a visit to Singapore with a view to attracting more investment to the archipelago nation.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
