The Malaysian unemployment rate remained steady in January, amid an improving labour market, according to a survey conducted by the Department of Statistics Malaysia (DOSM).
Malaysia has invited US President Donald Trump to attend the East Asia summit organised by Asean, which will be held at the end of the year.
The Ministry of Economy is finalising the 13th Malaysia Plan (13MP) document, which is expected to be tabled in Parliament in July.
Regional news roundup
Singapore
Singaporean Ambassador to Cambodia Teo Lay Cheng yesterday affirmed her commitment to strengthening trade and investment cooperation with Cambodia.
General Secretary of the Communist Party of Việt Nam Central Committee Tô Lâm hosted receptions for representatives of outstanding enterprises in Singapore
Public listings in Singapore could increase by as much as 50% this year as a result of the country’s recent stock market reforms,
Indonesia
Indonesia’s car sales in February rose 2.2% year-on-year, the first growth recorded since June 2023, amid growing adoption of electric vehicles (EV) driven mostly by Chinese brands.
Global IT corporation FPT recently entered a partnership agreement with Indonesia’s state-owned oil and natural gas corporation, Pertamina, to drive AI-powered innovation in the energy sector.
Vietnam’s VinFast to Build Up to 100,000 EV Chargers in Indonesia.
Thailand
Thailand confronts Trump’s trade war challenges, Economic experts warn of long-term impact on the Thai economy, with few bright sides to new US trade strategy
Thailand launches new investment fund to bolster stock market, the “Thai ESG Extra” fund, designed to encourage investment in sustainable and high-growth equities through substantial tax incentives.
The Thai Cabinet has approved an extension of the electricity subsidy programme to help alleviate financial burdens amid rising energy costs. The subsidy will provide a 16.05 satang (THB0.1605) per unit discount for residential users consuming no more than 300 units of electricity per month.
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