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Singapore ratifies ASEAN Trade in Services Agreement

Singapore has ratified the ASEAN Trade in Services Agreement (ATISA) and become the first ASEAN member to do so. ATISA was signed on Oct 7 last year to boost economic cooperation between ASEAN members and streamline their service sectors. One of the key components to ratification is the need for members to change their Schedules […]

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Sony Pictures to set up amusement park in Thailand

Sony Pictures Entertainment has teamed up with Thailand’s Amazon Falls to set up an amusement park based on productions from its Columbia Pictures studio, in the Southeast Asian country, the companies said on Tuesday. The 14-acre Columbia Pictures’ theme and water park, Aquaverse, will be open for public from October and feature rides and attractions […]

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Thailand: Southern corridor under consideration

The government is mulling the establishment of a Southern Border Economic Corridor (SBEC), spanning the southern border provinces of Pattani, Yala, Narathiwat, along with four districts of Songkhla province — Chana, Na Thawi, Saba Yoi and Thepha — to ensure greater efficacy in terms of development plans for the region. Bordin Rassameethes, acting deputy secretary-general […]

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Vietnam eyes services sector to make up 60% of GDP by 2030

Vietnam would restructure the services sector based on modern technologies under the Industry 4.0, especially in fields of finance-banking, insurance, healthcare, education, transportation, trade and tourism. With an estimated growth rate of 7-8% in the next ten years, Vietnam’s services sector is expected to make up 60% of the country’s GDP by 2030. The figures […]

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ASEAN, Canada trade ties see momentum

Canada and ASEAN members pledged to strengthen their economic ties at the Canada-ASEAN Business Council’s (CABC) annual general meeting. The meeting last week, attended by 65 CABC members, listed three initiatives that would help promote more trade between Canada, the tenth largest economy in the world, and the ASEAN membership. The first was a potential […]

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