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RCEP and FTAs Aiding Cambodia Attract Foreign Investment: NBC

RCEP and FTAs Aiding Cambodia Attract Foreign Investment: NBC

by Teuvo Tuomi | Jul 22, 2024 | ASEAN, Business, Cambodia, Investment, News, Southeast Asia, Trade, Visions

The Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral free trade agreements (FTAs) are expected to help Cambodia attract more foreign direct investment (FDIs) and boost its exports, National Bank of Cambodia’s (NBC) Governor Chea Serey...
MAS Pledges S$100 Million for Quantum and AI Development

MAS Pledges S$100 Million for Quantum and AI Development

by Teuvo Tuomi | Jul 21, 2024 | Singapore, AI, ASEAN, Digitalization, Innovation, Investment, News, Southeast Asia, Technology

The Monetary Authority of Singapore (MAS) has promised an additional S$100 million (74.3 million USD) to bolster the development of quantum and artificial intelligence technologies within the financial sector. This investment, allocated under the Financial Sector...
Rayong Developers Reduce Residential Supply

Rayong Developers Reduce Residential Supply

by Teuvo Tuomi | Jul 20, 2024 | News, ASEAN, Business, Economy, Investment, Thailand, Trade, Visions

Developers in Thailand’s Rayong have been adjusting to a market slowdown by reducing the of newly launched residential supply in the first quarter of 2024. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), says the Rayong...
Jokowi Signs 190-year Land Rights Regulation for Nusantara

Jokowi Signs 190-year Land Rights Regulation for Nusantara

by Teuvo Tuomi | Jul 16, 2024 | ASEAN, Business, Indonesia, Infrastructure, Investment, News, Southeast Asia

President Joko “Jokowi” Widodo has signed a presidential regulation that grants investors certain rights in the Nusantara Capital City (IKN) megaproject in East Kalimantan, the future capital, including land rights of up to 190 years. The regulation stipulates that...
Laos and Vietnam Seek Tighter Cooperation

Laos and Vietnam Seek Tighter Cooperation

by Teuvo Tuomi | Jul 14, 2024 | Business, Investment, Laos, News, Technology, Vietnam

Laos and Vietnam have signed seven pacts on various areas of cooperation, serving to deepen the collaboration between the two nations. The cooperation pacts include a Memorandum of Understanding (MOU) on the establishment of a citizen and ID (identification card)...
Nusantara Faces Another Delay

Nusantara Faces Another Delay

by Teuvo Tuomi | Jul 10, 2024 | Indonesia, Business, Economy, Investment, News, Society, Visions

The US$32 billion Nusantara Capital City (IKN) project has met with another delay, as key infrastructure remains incomplete just weeks before its planned inauguration in mid-August in East Kalimantan. President Joko “Jokowi” Widodo says that the issuance of a...
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