Indonesia will safeguard its own interests in all policymaking, including the Agreement on Reciprocal Trade (ART) with the United States, President Prabowo Subianto recently said. “You must believe that I prioritise Indonesia’s national interests,” he said in remarks broadcast in the ‘Prabowo Answers’ programme released by the government’s communications agency. Indonesia will safeguard its own … Read more
Confusion deepened across global markets on Tuesday, February 24, as United States (US) President Donald Trump’s 10 per cent global tariff under Section 122 of the Trade Act of 1974 came into force, even as the administration indicated that the rate could be increased to 15 per cent, leaving trading partners uncertain over the eventual … Read more
Confusion deepened across global markets on Tuesday, February 24, as United States (US) President Donald Trump’s 10 per cent global tariff under Section 122 of the Trade Act of 1974 came into force, even as the administration indicated that the rate could be increased to 15 per cent, leaving trading partners uncertain over the eventual … Read more
China is ready to strengthen the alignment of development strategies with member countries of the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC), Chinese Premier Li Qiang recently said. It is ready to work with these countries to deepen regional integration, resolutely uphold the multilateral trading system with the World Trade … Read more
Fitch Ratings has warned that the recent US-China tariff de-escalation does not mark a return to normal trade relations despite offering temporary relief. The joint statement from the Geneva trade meeting suspended a 34 per cent reciprocal tariff and cancelled a planned hike to 125 per cent, lowering US tariffs on Chinese goods to 30 … Read more
Cambodia is among a handful of emerging markets and developing economies in the Association of Southeast Asian Nations (ASEAN) region that are expected to post a current account surplus this year, the International Monetary Fund (IMF) recently projected in its World Economic Outlook. The Philippines is forecast to suffer the biggest deficit among ASEAN economies … Read more
Asia’s economy is projected to grow by 4.5 per cent this year, with its share rising to 48.6 per cent among the world’s economic output measured by purchasing power parity, according to the Asian Economic Outlook and Integration Progress Annual Report 2025 released recently by Beijing-based Boao Forum for Asia. India, Indonesia, Vietnam, the Philippines, … Read more
Malaysia will focus on leveraging the Regional Comprehensive Economic Partnership (RCEP) by fully implementing it as the 2025 chair of the Association of Southeast Asian Nations (ASEAN), according to the country’s investment, trade and industry minister Tengku Zafrul Aziz. “This could be the key highlight of Malaysia’s chairmanship,” he said in his closing remarks at … Read more