Collaborations in Trade, Investments, and Key Sectors to Unlock New Market Opportunities Malaysia and Uzbekistan are strengthening economic relations through a series of high-level business discussions aimed at fostering trade, investments, and partnerships across various industries. A significant milestone was marked by a meeting between the Uzbekistan Chamber of Commerce, Read more…
Singapore is playing a crucial role in promoting inclusive trade across ASEAN, particularly for the region’s lower-income economies. As global trade evolves, Singapore leads efforts to ensure equitable participation through digital trade initiatives and policy reforms. One key initiative is the ongoing negotiation of the ASEAN Digital Economy Framework Agreement Read more…
Since the inception of the China-ASEAN Expo in 2004, bilateral trade between China and ASEAN nations has witnessed significant growth, achieving an average annual increase of 11 percent from 2004 to 2023, according to China’s General Administration of Customs (GAC). This growth rate has outpaced China’s overall foreign trade growth Read more…
ASEAN has witnessed significant growth in regional trade, with a 21.5% increase driven by the ASEAN Free Trade Area (AFTA). Since its inception in 1992, AFTA has played a pivotal role in reducing tariffs, with 98.6% of all tariff items now eliminated. The ongoing refinement of the ASEAN Single Window Read more…
Strategic Investments to Capture Market Share in a Rapidly Growing Region United Overseas Bank (UOB), Singapore’s third-largest lender by assets, is gearing up to solidify its position as the dominant trade financing bank in Southeast Asia, aiming to capture a significant portion of the region’s US$2 trillion trade flow market. Read more…
Indonesia Leads Southeast Asia’s Energy Transition with Renewable Energy Investments As the world accelerates towards a low-carbon future, ASEAN is emerging as a crucial player in global decarbonization due to its rich natural resources and renewable energy potential. At the forefront of this transition is Indonesia, a key energy exporter, Read more…
Malaysia Pushes for Long-Term Vision and Deeper ASEAN Cooperation Malaysia is calling for a more robust and sustained approach to the ASEAN chairmanship, advocating for enhanced cooperation among member states beyond the current one-year term. YB Liew Chin Tong, Deputy Minister of Investment, Trade and Industry, emphasized the importance of Read more…
Collaboration Aims to Boost Tourism and Cultural Exchange Malaysia and Uzbekistan are set to deepen their bilateral relationship through strategic tourism collaboration, with the goal of positioning Uzbekistan as a premier travel destination for Malaysians. This partnership, driven by the Malaysia-Uzbekistan Business Alliance (MUBA) and supported by the Malaysian Association Read more…
Trade ministers to review Free Trade Agreement, expand defense collaboration Malaysia and New Zealand have set an ambitious goal to boost bilateral trade by 50% by 2030, as announced during a joint press conference held by Malaysian Prime Minister Anwar Ibrahim and New Zealand Prime Minister Chris Luxon. Both countries Read more…
In a grand celebration held at the Shangri-La Hotel in Kuala Lumpur on 27th August 2024, the Republic of Singapore marked its 59th National Day with a special commemoration. This year also celebrate 100th anniversary of the Johor-Singapore Causeway. This iconic landmark, inaugurated on 28 June 1924, has been instrumental Read more…