Industries

ASEAN, EU Agree to World’s First Bloc-to-Bloc Air Transport Agreement

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ASEAN and the EU have agreed to the world’s first bloc-to-bloc air transport agreement through the ASEAN-EU Comprehensive Air Transport Agreement.

BioNTech to Build Vaccine Manufacturing Site in Singapore

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Biotechnology company BioNTech will establish its Asia-Pacific regional headquarters in Singapore, where it will also establish an mRNA manufacturing facility.

Indonesia to Build Electric Vehicle Battery Plant, Production Starting in 2023

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Indonesia will build its first electric vehicle battery plant and aims to begin production by 2023, in a project estimated to be valued at US$9.8 billion.

Malaysia and Thailand Launch QR Payment Linkage

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On June 18, 2021, Malaysia and Thailand launched a cross-border quick response (QR) payment linkage to enable businesses and consumers from both countries to receive instant QR code payments.

Tokopedia and Gojek Merger Creates Indonesia’s Largest Digital Services Company

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Indonesia’s biggest internet companies Gojek and Tokopedia announced a US$18 billion merger in what is the country’s largest-ever business deal.

Opportunities for Australian Wine in ASEAN

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In 2020, Asia’s wine markets brought in US$1.7 billion for Australian wine producers and importers.

Bersama Malaysia: Microsoft Commits US$1 Billion Investment to Establish Data Center in Malaysia

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Microsoft is establishing its first data center in Malaysia, which is expected to create 19,000 jobs and generate US$4.6 billion in revenue for the country.

Singapore and Thailand Launch Integrated Real Time Payment Systems

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Singapore and Thailand launched the world’s first linkage of real-time payment systems, which will facilitate faster and cheaper cross-border transfers.

An Overview of Malaysia’s Investment Corridors

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Malaysia is home to five investment corridors, which offer their own distinct investment roadmaps.

Opportunities in Indonesia’s Financial Technology Sector

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Indonesia’s fintech industry is one of the most competitive and dynamic in ASEAN. The country is home to 20 percent of all fintech companies in the Southeast Asian bloc.

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