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TOKYO/MANILA/BANGKOK/KUALA LUMPUR -- Southeast Asia's major manufacturing hubs are raising their minimum wages in the second half of this year, potentially forcing companies to rethink their strategies as the region draws more investments and becomes a larger part of the global supply chain.
These constant, one-sided comparisons with Singapore expose Hong Kong’s insecurities and make the city look more like a hard sell when it should focus on learning from Singapore’s success in attracting global talent and diversifying its economy.
TOKYO -- The Japanese government will offer financial assistance to domestic companies, including Kansai Electric Power (KEPCO), for an inter-island power transmission project in Indonesia. The move is part of Tokyo's efforts to become a player in Southeast Asia's grid development as China flexes its economic muscle in the region.
Singapore’s leadership in this space is driven by domestic needs: currently, most of its power comes from natural gas, and the government has set a long-term target of reducing that to a little over 50 per cent by substituting clean electricity. Some of this alternative energy will come from domestic sources such as rooftop solar and potentially geothermal, nuclear, or hydrogen. However, given land constraints, electricity imports will be a necessary factor in Singapore’s future energy mix.
Malaysia’s push to join Brics has largely been driven by Anwar’s broader rhetoric around championing the Global South and challenging perceived Western double standards, according to regional foreign policy experts.
Southeast Asia has emerged as a top choice for firms looking to diversify production away from China, including Chinese companies, amid escalating tensions between Washington and Beijing.
The new law defines marriage in gender-neutral terms instead of referring only to “men” and “women” and accords same-sex couples rights over inheritance, hospital consent, property management and adoption previously denied to them.
With Malaysia set to chair Asean next year, Anwar’s statement carried immense strategic significance.