There are currently 28 electric vehicle production projects by 22 companies in Thailand, with a total investment of approximately 78 billion baht and a combined production capacity of over 880,000 units.
The agreement is seen to enhance business opportunities across a free trade area of over 703 million people, with a combined gross domestic product of more than US$5.6 trillion (S$7.3 trillion).
The panic buying comes as South Korea was slapped with a 25 per cent reciprocal tariff rate – among the worst-hit of countries with existing free trade agreements with the US.
The programme, with support from more than 35 public and private sector organisations led by the Ministry of Digital Economy and Society, seeks to empower over 1 million Thais by the end of 2025.
Djoko Siswanto, head of SKK Migas, says that the two fields are located offshore in the Northwest of Java and are expected to commence operations by the end of this year.
Federal Express Corporation has further enhanced service between Southeast Asia and the US with the launch of its first direct flight from Singapore to Anchorage.
Zhang Yiming''s, 41, personal wealth has reached $57.5 billion, surpassing Zhong Shanshan, founder of bottled water company Nongfu Spring and Tencent Chairman and CEO Ma Huateng.
Despite robust development in their trade ties, Việt Nam''s Hà Giang province and Wenshan in China’s Yunnan province have not yet capitalised on their immense potential, making trade revenue lagging behind expectations.
Japan argued that the Asian country should be exempted from the tariffs as the investments by Japanese companies in the US contribute to the economy and job creation.
The Investment, Trade and Industry Minister said this includes upgrading the Asean Trade In Goods Agreement (Atiga), continuing discussions on the Digital Economic Framework Agreement (Defa) and Timor Leste''s membership into the grouping.
First launched in 2021, Climate Hack aims to equip individuals in Asia with digital skills to develop and accelerate tech-driven solutions for climate change.
According to Prabowo, Danantara''s investments will generate high-quality jobs and contribute to the country''s long-term prosperity. These are the areas that will determine Indonesia''s future, resilience and independence.
The Australian government is advancing its trade diversification agenda by facilitating greater access for businesses to fast-growing markets in Southeast Asia.
The Monetary Authority of Singapore (MAS) will launch a S$5 billion programme through which it will partner with ed fund managers to invest in Singapore stocks, it said late last week.
The Capital Utilisation Plan (CUP) outlines a pathway to expand ADB’s annual financing commitments from US$24 billion in 2024 to exceed $36 billion by 2034.
