After almost two years of shillyshallying, the Philippines is joining the Regional Comprehensive Economic Partnership (RCEP) as the last of the present 14-member Asia-Pacific free trade grouping. The …
Economy
India set to become 3rd largest economy in 5 years; says Goyal; hails PM Modi’s 2019 snub to RCEP
India would become the third largest economy in the world in the next five years and by 2047 could be at the level the United States of America is at present, Union Minister Piyush Goyal said on Satur…
Adani Green Energy to set up wind power project in Sri Lanka
Sri Lanka on Thursday announced that it has approved $442 million wind power project by Adani group’s Adani Green Energy. This the first major foreign investment by cash strapped country. Sri La…
Malaysia GDP grew 7% in 4th quarter, beating forecasts
Malaysia’s economy outperformed expectations in the fourth quarter, partly thanks to strong domestic demand, and the central bank said it expected the country to avoid a recession amid a global …
Asean Today – Feb 2023
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ASEAN in talks with junta, factions over solutions to Myanmar crisis
All sides in Myanmar have begun engaging in talks with ASEAN’s special envoy over dealing with the Southeast Asian country’s political crisis more than two years after the country’s …
Anwar Ibrahim returns to a changed economy
During Anwar Ibrahim’s first stint as Malaysia’s finance minister in the 1990s, Putrajaya was still under construction. After more than two decades of political struggles, including two imprisonments,…
Malaysia bags RM13 billion in foreign direct investment from three investors after Singapore mission
Malaysia’s Ministry of International Trade and Industry has bagged an additional RM13 billion (S$4 billion) in foreign direct investment from three investors at the end of its mission in Singapore, th…
Why India’s Industrial Substitution Threatens China, Despite Vietnam Hyped For Better Alternative Supply Chain – Analysis
China’s official English daily “ Global Times” reiterated that India’s policy initiative to reduce imports from China would backfire. In one of their articles, it clamored “India needs integration, no…
Malaysia’s future growth plans in ASEAN’s digital economy
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF E…