Malaysia, Singapore urged to promote stronger cooperation
Malaysia and Singapore can become attractive investment destinations for global tech firms seeking safer locations for their operation due to the US-China trade tensions, according to the Bernama news agency of Malaysia.
Johor Bahru is the second largest city in Malaysia following Kuala Lumpur. (Photo: Shutterstock)
Kuala Lumpur (VNA) – Malaysia and Singapore can become attractive investment destinations for global tech firms seeking safer locations for their operation due to the US-China trade tensions, according to the Bernama news agency of Malaysia.
In its article published on May 15, Bernama mentioned the benefits of cooperation between the two Southeast Asian countries, highlighting the potential to attract foreign direct investment (FDI) by leveraging their combined populace of almost 700 million to create a large and attractive market for investors.
Greater collaboration between them will also provide some sort of shield for both countries to overcome global risks that are seen on the horizon, including a slowdown in external demand, persistently elevated inflation and interest rates, and rising geopolitical tensions and conflicts, the agency said.
Additionally, they can tap each other's strengths, with Malaysia having abundant low-cost labour and Singapore possessing a strong financial system and abundant resources.
Recent statistics show that more than 1.18 million Malaysians are working in Singapore. In 2023, total trade between the two countries reached 363.13 billion RM (79.6 billion USD).
For more than a decade, Malaysia and Singapore have been each other’s second-largest global trade partner and the largest among the ASEAN countries.
They will celebrate the 60th founding anniversary of bilateral relations next year.
By enhancing economic cooperation, the two countries can promote gro༺wth and prosperity for themselves and the entire ASEAN region, Bernama said./.
Malaysia and Singapore on January 11 inked a memorandum of understanding (MOU) to work on the Johor-Singapore Special Economic Zone (JS-SEZ), paving the way for improved cross-border flows of goods and people, as well as increased investment.
Singrow, a Singapore-based agri-genomics, has developed a research project to promote strawberry varieties grown in tropical climate areas. The firm has also promoted franchise farm partnerships in Malaysia and Thailand to make significant progress in its global expansion plans.
Singaporean President Halimah Yacob met with Yang Di-Pertuan Agong of Malaysia Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah on March 21 within the framework of her state visit to Malaysia.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
