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.
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.
Indonesia’s biggest internet companies Gojek and Tokopedia announced a US$18 billion merger in what is the country’s largest-ever business deal.
In 2020, Asia’s wine markets brought in US$1.7 billion for Australian wine producers and importers.
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 launched the world’s first linkage of real-time payment systems, which will facilitate faster and cheaper cross-border transfers.
Malaysia is home to five investment corridors, which offer their own distinct investment roadmaps.
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.
In this issue of the ASEAN Briefing magazine, we examine new investment opportunities in Indonesia’s digital economy.
We investigate Vietnam’s fast-evolving garment and textile industry – its development, growth, and opportunities for investors.