A collection of 20 posts
Amid heightened US-China tensions, Singapore reaffirmed its neutral stance at the ASEAN summit in October 2024, with Singaporean Prime Minister Lawrence Wong emphasising economic stability and strategic balance. Singapore continues to maintain strong trade ties with both superpowers, even as the US and Beijing intensify pressure on regional allies to
Singaporean Trade and Industry Minister Alvin Tan said companies can use the Johor-Singapore Special Economic Zone (JS-SEZ) as a manufacturing and processing base while keeping their headquarters and research operations in Singapore, in Parliament on 5 February. Singapore and Malaysia agreed to establish the Johor-Singapore Special Economic Zone (SEZ) last
Thailand confirmed its adoption of the global minimum corporate tax rate of 15% on January 1, 2025, aligning with the Paris-based Organisation for Economic Cooperation and Development (OECD) global tax reform framework. The new regulation is expected to impact multinational corporations operating in Thailand, particularly in the manufacturing and finance
Malaysian Prime Minister Anwar Ibrahim underlined his country’s plans to build trade relationships with China, Russia, and Brazil, at a parliamentary session on February 4. Anwar’s emphasis on diversifying trade partnerships reflects a strategic move to shield Malaysia’s economy from potential external shocks due to shifting US
Turkey plans to double its annual trade with Malaysia, Turkish President Recep Tayyip Erdogan said in Putrajaya, on 10 February, the first day of his two-day visit to Malaysia. Bilateral trade between Turkey and Malaysia last year was MYR 24.13bn (USD 5.4bn), up 18.7% year-on-year, according to