Amid rising global trade tensions triggered by new US tariffs, ASEAN must stay committed to multilateralism, strengthen regional cooperation, and uphold the principles of free trade, said Finance Minister II Datuk Seri Amir Hamzah Azizan. Speaking at the conclusion of the 12th ASEAN Finance Ministers and Central Bank Governors Meeting, Read more…
The Asean+3 nations are set to operationalise the Rapid Financing Facility (RFF), a strategic financial tool designed to support member countries facing economic distress from external shocks. This initiative marks a proactive step towards regional financial resilience and mutual assistance, according to Bank Negara Malaysia (BNM) Deputy Governor Datuk Marzunisham Read more…
The ASEAN semiconductor market is on track to exceed US$52 billion by 2032, growing from over US$31 billion in 2023. According to Finance Minister II Datuk Seri Amir Hamzah Azizan, this growth will only be possible if the region shifts its focus from high-volume manufacturing to value-driven innovation. Speaking at Read more…
As global trade tensions escalate and new tariffs disrupt markets, economic resilience has taken center stage at the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM), held this week in Kuala Lumpur. With Malaysia assuming the ASEAN Chairmanship for 2025, this high-level summit serves as a critical platform Read more…
As the United States prepares to implement steep reciprocal tariffs against several trading partners, Malaysian Prime Minister Datuk Seri Anwar Ibrahim is taking a proactive stance by rallying ASEAN leaders for a unified regional response. In his dual role as Prime Minister and Finance Minister, Anwar announced that Malaysia, as Read more…
In a landmark initiative to promote sustainable agricultural practices, ASEAN member states, in collaboration with key international organizations, have officially launched the ASEAN Guidelines for Agroecology Transitions. These guidelines serve as a strategic framework to foster sustainable, resilient, and equitable food systems across the region. A Collaborative Effort for a Read more…
Singapore and Vietnam have taken a significant step towards regional energy integration by signing a Letter of Intent (LOI) to enhance collaboration in cross-border electricity trade. The agreement aims to facilitate the import of approximately 2GW of low-carbon electricity into Singapore by 2035, reinforcing both nations’ commitment to sustainable energy Read more…
The diversification of China’s supply chain has created significant opportunities for ASEAN economies, particularly Vietnam, Malaysia, and India, with key benefits seen in the textiles and electronics sectors, according to Moody’s Ratings. Despite ongoing US-China trade tensions, the global credit rating agency noted that the relocation of supply chains away Read more…
ASEAN member states are working towards a standardized electric vehicle (EV) policy to accelerate the region’s transition to clean energy and strengthen sustainability initiatives. Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz revealed that discussions are already underway among senior officials and leaders, focusing on battery standardization Read more…
The ASEAN region is poised to become a global leader in renewable energy, leveraging its vast natural resources and growing commitment to sustainability. According to Prof. Dr. Tiong Sieh Kiong, Director of the Institute of Sustainable Energy at Universiti Tenaga Nasional (Uniten), countries such as Malaysia, Singapore, and Indonesia are Read more…
