The Department of Business Development (DBD) in Thailand is stepping up efforts to enforce laws governing foreign businesses, ensuring fair competition for Thai entrepreneurs.
As China continues to promote high-quality development and expand high-level opening-up, its cooperation with the Association of Southeast Asian Nations (ASEAN), will see broader opportunities and further boost stability and prosperity in the region as well as across the world, according to a senior official.
Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries has surged by 16.8 percent to reach a remarkable $19.87 billion in the first seven months of this year, a report from the Ministry of Commerce showed yesterday.
Representatives from the member states of the Association of Southeast Asian Nations (ASEAN) have gathered in Laos to discuss greater collaboration for economic integration, digital transformation, and a sustainable future.
Indonesia will need 25.2 billion USD in investment from the private sector for green hydrogen development for the 2031-2060 period, according to the country's Ministry of Investment.
The Indonesia e-commerce market is expected to grow from $52.93 billion in 2023 to $86.81 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 10.4 percent during 2023-2028.
Understanding Thailand’s approach to evolving international orders requires examining its decisions. These decisions by recent and current governments offer a clear view of the country’s diplomatic trajectory in an increasingly uncertain world. The global power landscape is in constant flux, shaped by various geopolitical and geo-economic forces. With the ongoing Ukraine-Russia conflict and the Gaza-Israel crisis, the Indo-Pacific is poised to become a potential battleground for great powers vying for extending influence.
Increasing economic policy uncertainty — spurred by strategic alliances such as the Indo-Pacific Economic Framework — is reducing investment through global value chains and impacting businesses across Southeast Asia. To contend with upcoming shifts in global value chains and related activities, ASEAN and RCEP should work to enhance regional economic cooperation, support the structural transformation of firms into digital and green technologies, improve skills development, and offer more social and economic protection for vulnerable groups.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
