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Trade Development News
- Oct 16, 2020
- 1 min
AT THE CENTRE OF FDI, TRADE & INVESTMENT IN ASIA FOR 10 YEARS
Asian markets are seeing a robust resilience through the current covid, trade wars & associated economic turbulence. With strong intra regional trade, developing local economies, free trade agreements, booming e-commerce and China +1 Asia Pacific economies offer fantastic opportunities through domestic and international growth but remain complex to access and in many cases language and bureaucratic red tape can be key factors to deter international FDI and market access. We
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Trade Development News
- Oct 12, 2020
- 2 min
China has its own '+1' strategy and Southeast Asia is it
Interesting perspectives on China +1, an often misunderstood economic & trade reality that is based on high value market growth in SE Asia and no longer just based on cheap labour and manufacturing costs. Increasingly, Chinese companies are finding the region an appealing alternative to compensate for their loss in market growth elsewhere, say Dr Lau Kong Cheen and Dr Vanessa Liu. There is a concept among the business community known as the “China Plus One (+1)” strategy wher
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Trade Development News
- Aug 26, 2020
- 2 min
US companies looking to return home from China face significant problems
“Reshoring was just something nice, a nice idea, mostly for companies that should never have outsourced to a country like China,” The Trump administration wants to reduce American dependence on overseas supply lines by encouraging ‘reshoring’ But returning manufacturers often face old infrastructure, underdeveloped networks and poor labour pools As the United States awakens to its supply-chain vulnerabilities amid heightened pressure on companies to “reshore” from China, it i
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Trade Development News
- Aug 25, 2020
- 2 min
UNIDO - The impact of COVID-19 on manufacturing investments
Advances in production technology and a trend towards shorter supply chains make a return to “business as usual” highly unlikely. By David East and Martin G. Kaspar The impact of the pandemic on both global trade and foreign direct investment (FDI) has been dramatic. Even now, as some countries begin easing their restrictions to breathe life back into their flailing economies, the full effects of this virus are yet to be fully understood. Certainly, this pandemic has acceler
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Trade Development News
- Aug 20, 2020
- 2 min
Hyundai Motor to Make Electric Cars in Singapore
An interesting move that will see auto manufacturing return to Singapore after 40 years also underlining its investments in the regions leading ride-hailing firm Grab Hyundai Motor Co. will manufacture electric vehicles in Singapore starting in 2022, the Straits Times reported. The Seoul-based automaker will produce 30,000 electric cars a year at the Singapore plant, with as many as 6,000 set to be sold in the city-state, the newspaper said, citing Teo Hock Seng, executive ch
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Trade Development News
- Jul 17, 2020
- 2 min
Malaysia recorded RM37.4 billion worth of approved investments Q1
KUALA LUMPUR (July 16): Malaysia recorded RM37.4 billion worth of approved investments in the manufacturing, services and primary sectors in the first quarter (1Q) of this year, of which 70.4% or RM26.3 billion comprised direct domestic investment (DDI). In a statement today, the Malaysian Investment Development Authority (MIDA) said the top five sources of foreign direct investment (FDI) were Switzerland with RM2.7 billion investment, Singapore (RM2.1 billion), the United St
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Trade Development News
- Jul 17, 2020
- 1 min
LG & Panasonic among 7 companies relocating to Indonesia investing $850million
Seven companies to relocate facilities to Indonesia, invest $850m President Joko “Jokowi” Widodo announced on Tuesday that seven foreign companies had confirmed plans to relocate production facilities to Indonesia, mostly from China, an encouraging signal for the country’s investment climate amid the pandemic. The relocation of factories of the seven companies, which include South Korean industrial conglomerate LG and Japanese electronics giant Panasonic, is estimated to brin
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Trade Development News
- Jun 11, 2020
- 1 min
CSIS: American & EU Companies Have Little Intention to Leave China
Decoupling Between Washington and Western Industry By Scott Kennedy and Shining Tan Although the Trump administration does not openly embrace the idea of decoupling, its various policies – restrictions on high-tech exports to China, expanded investment limits, and efforts to have American companies move production out of China and on-shore manufacturing in the United States – effectively add up to a decoupling strategy. There are some signs that because of the trade war and o
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Trade Development News
- May 29, 2020
- 2 min
Malaysia looks to attract Japanese companies
The International Trade and Industry Ministry (Miti) is identifying Japanese companies seeking to relocate their operations from China that can be invited to invest in Malaysia. Senior Minister cum Miti Minister Datuk Seri Mohamed Azmin Ali said this followed Japan’s decision to help its manufacturers shift production out of China or relocate their operations to other countries in response to the Covid-19 impact. “Miti will strive to convince Japanese investors to use Malaysi
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Trade Development News
- Apr 23, 2020
- 1 min
Myanmar: Customs Restrictions To Be Eased To Facilitate Trade
The government will reduce trade restrictions and red tape to facilitate the import and export process during the COVID-19 outbreak. Starting April 20, the customs department will reduce customs duties for businesses operating with the Myanmar Automated Cargo Clearance System (MACCS).
Paperwork will also be streamlined, with an electronic version of Form D for preferential tariff treatment in Asean to be issued to simplify procedures between all the Asean countries. VIEW ART
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Trade Development News
- Jan 15, 2020
- 2 min
Thailand Investment promotion requests exceeded 750bn baht in 2019
An impressive 59% was in the Eastern Economic Corridor, with China outreaching Japan to become the biggest international investor in Thailand. Thailand remained an investment destination for international investors last year, as reflected in the overall value of investment promotion requests in 2019, released by the Board of Investment (BOI) today, which exceed a 750 billion baht goal. An impressive 59% was in the Eastern Economic Corridor, with China outreaching Japan to bec
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