ASEAN, EU Agree to World’s First Bloc-to-Bloc Air Transport Agreement
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
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
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
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
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
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
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
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
Malaysia is home to five investment corridors, which offer their own distinct investment roadmaps.
Opportunities in Indonesia’s Financial Technology Sector
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.