Malaysian-German Chamber of Commerce and Industry | AHK Malaysia’s Post

📢 𝗦𝗚𝗖 𝗮𝗻𝗱 𝗘𝗗𝗕 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻 𝗧𝗶𝗲𝘀 𝗳𝗼𝗿 𝗙𝘂𝘁𝘂𝗿𝗲 𝗚𝗿𝗼𝘄𝘁𝗵🤝 Last week, the SGC together with its Board and Advisory Council members held a meeting with the Singapore Economic Development Board (EDB). As part of the meeting, Mr Cheong Boon Png, Chairman of EDB, and Ms Shirley Qi, President of SGC, emphasised the strong collaboration and importance of regular engagements to foster the evolving economic relationship between Singapore and Germany. 🤝 The insightful session saw the sharing of medium-term priorities for the Singaporean economy; strengthening the city state’s role in global manufacturing, the development of an ecosystem for frontier technologies, as well as the development of local #talents and business leaders. 🏭🔬👩💼 During the open dialogue, topics such as the support for foreign enterprises, as well as strategies and schemes to support foreign businesses and entrepreneurs in Singapore in the light of rising operational costs were discussed. 💬 The meeting underscored the robust partnership between SGC and EDB, setting the stage for enhanced collaboration and shared growth opportunities. We look forward to more regular exchanges and joint initiatives that will benefit both our members and the broader economic landscape. 🌟 #PartnerInSingapore #Singapore #Germany #EconomicDevelopment #Collaboration 

I am pleased to hear that Singapore has been ranked the world’s most competitive economy, according to the International Institute for Management Development (IMD) World Competitiveness Yearbook (WCY) 2024. It is encouraging to learn that our economic foundations in international trade and investment continue to show resilience, with improvements in our technological infrastructure, business legislation, and labour market. As a small economy, we must continue to seize new opportunities for growth, upskill our workforce, and transform to stay competitive. The Government will study the IMD WCY and identify areas we can do better to support our stakeholders in entrenching Singapore as a hub for culture, ideas, and commerce. Ministry of Trade and Industry (Singapore)

ASEAN’s path to a unified economy is paved with regional collaboration – but where do businesses fit in this evolving landscape? As borders blur, you could be key to shaping ASEAN’s economic future.     Last day to enjoy Early bird rates for the #ASEANConference, Singapore Business Federation's flagship forum!     Be among business leaders from around the region who will be sharing about how ASEAN businesses can foster cooperation and economic growth.     Key highlights include:     ● Ministerial Dialogue – Reimagining ASEAN for Sustainable Tomorrow with Guest-of-Honour DPM Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry of Singapore  ● Fireside Chat with Special Guest Speaker YAB Dato’ Onn Hafiz bin Ghazi, Chief Minister of Johor, Malaysia  ● Panel discussions on ASEAN post-2025 and the ASEAN circular economy  ● Market breakout panel discussions  ● Market advisory clinics  ● Business networking     Join us for a day of thought-provoking discussions shaping ASEAN’s tomorrow.  Register today: https://lnkd.in/gFs6QauX    The #ASEANConference is organised by Singapore Business Federation and jointly supported by founding partners UOB, RSM - Singapore and Rajah & Tann Asia.     #SBF #SBF2024 #SustainableFuture #Sustainability

🌏 Unlock Insights into the Asian Century! 🌏 Join ACC Singapore and Drew & Napier LLC for an enlightening webinar "The Asian Century: What You Need to Know About Economic Developments in Indonesia, Malaysia, Thailand, Philippines, Vietnam, and Singapore." As we navigate the complexities of the post-COVID world, the ASEAN region stands out as a focal point for economic growth, shaped by new governments, evolving geopolitics, and changing supply chains. What do these developments mean for your business strategy? In this session, our panel of legal experts from across ASEAN will delve into: ⭐ Current trends and regulatory changes ⭐ Trade agreements and investment opportunities ⭐ Impacts on business operations in a rapidly evolving landscape Meet Our Panel: Moderator: Mahesh Rai, Director, Drew & Napier LLC, Singapore Rakesh Kirpalani, Director, Drew & Napier LLC, Singapore Vincent Ariesta Lie, Partner, Makarim & Taira S., Indonesia Teo Eu John, Partner, Shearn Delamore & Co., Malaysia Manuel Z Gonzalez, Senior Partner, MVGS, Philippines John Frangos, Partner and Director, Tilleke & Gibbins, Thailand Don't miss this opportunity to gain valuable insights that could shape your business's future in this dynamic region. ACC members from around the world are welcome to join. 📅 8 November ⏰ 12:30 - 2:30pm 🔗 Register now and secure your spot! https://lnkd.in/gW3Hwm7N David Sullivan, Nathalia Lossovska, Jasmine Karimi, Julien Willème, Terry D. Thornley, Nicola Fell, Lily Tsen, Abigail Tan, Maree Myerscough, James Collison, Rita Kriz, Victoria Child #ACCSingapore #ASEAN #EconomicDevelopment #BusinessStrategy #LegalInsights #AsianCentury

Spent an enlightening week with the always insightful Marco Förster, ASEAN Director at Dezan Shira & Associates. We jumped straight into the current economic and investment landscape in ASEAN, a region attracting significant attention from the EU, US and China. 🌆 The ASEAN region is a melting pot of innovation and growth, and it's no wonder it's been touted as the most vibrant region globally. 🌐 ASEAN now boasts 8% of global exports and has outshone the EU as China's prime trading partner. A manufacturing marvel, RCEP's allure and "China+1" strategy magnetize investments, reshaping the global supply chain. From a burgeoning middle class and favourable demographics to rapid digital transformation, 📱📈 abundant natural resources, and dedicated efforts towards regional integration, the opportunities here are boundless. 🌱 What's even more exciting is how governments in this region are collaboratively paving the way for sustainable and inclusive growth. They're tackling challenges head-on, from environmental concerns to income inequality and skills enhancement. 💡🌏 As a firm deeply invested in the ASEAN region, we're committed to navigating the waves of innovation and opportunity alongside the ASEAN community. 🚀 📈 If you're as excited about ASEAN's potential as I am, let's stay ahead of the curve together. Subscribe to our ASEAN Briefing for the latest on the rapidly changing regulatory landscape, business news, and updates. 📰🔍 👉🏼 https://lnkd.in/gt2vAVMn 🌐📚 Stay tuned for more ASEAN insights and the exciting conversations shaping the region's future! 📊💬🌊🚀

The newly released Fortune Southeast Asia 500 map provides a comprehensive overview of the region's economic landscape by showcasing the distribution and financial performance of leading companies in Indonesia, Thailand, Malaysia, Singapore, the Philippines, Vietnam, and Cambodia. ASEAN’s Balancing Act: Amidst growing U.S.-China tensions, Southeast Asia remains committed to neutrality, focusing on constructive engagement with both global powers. This strategic stance was reiterated by Cambodia's Kao Kim Hourn at a recent forum in Washington. Cambodia-Singapore Collaborations: Cambodian PM Hun Manet’s historic visit to Singapore not only strengthens bilateral ties but also integrates Cambodia more deeply into regional economic initiatives like the new Financial Transparency Corridor (FTC) aimed at boosting SME collaboration. Chamber Connections: Stay tuned for upcoming events! From EuroCham's Open Office Day to the Malaysian Business Chamber’s Annual General Meeting, there’s ample opportunity to engage and expand your professional network. These developments highlight ASEAN's pivotal role in navigating the complex dynamics of international relations, with Cambodia actively fostering regional stability and economic growth. P.S. How can other ASEAN nations build on this momentum to further enhance collective progress and cooperation? Drop your comments below! #ASEAN #USChinaRelations #Geopolitics #Trade #Cambodia #Singapore Discover more in our latest newsletter and join the conversation! [https://lnkd.in/gkzrrVdV] Photo Credit: Nicolas Rapp for Fortune - 2024

Growing up in Singapore, under the legacy of Lee Kuan Yew, has given me a unique perspective on leadership, adaptation, and success in a fast-changing world. Lee Kuan Yew's vision for Singapore, based on discipline, meritocracy, and long-term goals, has shaped it into one of ASEAN's most successful economies. Singapore's success lies in maintaining social harmony, fostering innovation, and building a resilient governance system. According to ex-UK Prime Minister Tony Blair, Lee Kuan Yew made three fundamental yet critical decisions that propelled Singapore's success: - Implementing English as the working language to avoid racial conflicts and connect with the world effectively. - Attracting big corporations, ensuring they respect local laws, thus reducing their influence. - Fairly compensating civil servants and ministers based on the market rate, coupled with a tough stance on corruption, leading to efficient public service. Singapore's journey is a testament to how strategic planning, effective governance, and inclusivity can drive lasting growth. The ASEAN community can draw inspiration from Singapore's transformation, focusing on collaboration, integration, and shared growth to uplift the entire region. By leveraging diversity, talents, and strategic positioning, ASEAN can drive sustainable growth and become a strong global economic bloc. We must do more. #singaporesuccess #asean #leekuanyew #wemustdomore

🌏 Navigating the New Era of Industrial Policies in Southeast Asia 🌏 As industrial policies, which are strategic government actions to boost industrial growth and economic development, gain prominence globally, ASEAN countries face the challenge of meeting key "invisible" preconditions to leverage these strategies effectively. Marco Kamiya, Carlos López-Gómez, and Mateus Labrunie highlight three crucial factors: Technology Absorptive Capacity: Developing robust skills for operating advanced technologies is crucial. It’s not just about accessing technology but also about adopting it effectively. Enhancing local expertise is key to leveraging industrial advancements and creating jobs. Quality Standards and Infrastructure: Standards might seem invisible, but they are fundamental. From ensuring product quality to meeting international norms, strengthening quality infrastructure is essential. Singapore is leading in this area, showcasing the importance of high standards and effective certification processes. Innovation Ecosystems and Collaboration: Building strong connections with global research centers can bridge the gap in frontier technologies. Southeast Asia must foster collaboration to access cutting-edge knowledge and innovation without bearing excessive costs. In Singapore, we are starting to see the effect of strategic investments in technology and ongoing implementation of new standards, and how this is impacting growth and competitiveness. Improving these “invisible” preconditions will enhance the effectiveness of industrial policies and help Southeast Asian nations adapt to global technological and economic shifts. #SafeSync #RoshiGlobal #Technology #Innovation #IndustrialPolicy #SoutheastAsia #Singapore https://lnkd.in/gT9QY4EB

It was a privilege to moderate the Baker McKenzie General Counsel Roundtable Series last week. In this session we covered "Southeast Asia in Focus: Seizing China Plus One Opportunities". Great insights from Partners Daniel Pardede (Indonesia), Manh-Hung Tran 陈孟雄 (Vietnam), Munir Abdul Aziz (Malaysia), and Oanh Nguyen (Vietnam), alongside Sunitha Chalam, Partner and Singapore Office Head of Brunswick Group. Key takeaways: 1. China - ASEAN relations remain key for regional investment, trade and infrastructure development. 2. Creating supply chain resilience and diversifying logistics capabilities is a global trend that is set to continue to evolve - SE Asia is well placed to benefit from this global opportunity. 3. Following recent government elections across the SE Asia region, there is optimism for greater ASEAN cooperation and cohesion, developing unified measures to lead significant economic progress on a regional basis (particularly with respect to investment in infrastructure, human capital development, energy transition and the digital economy). 4. SE Asia continues to see material foreign direct investment (inflows) and GDP growth - a bright spot in an otherwise challenging global market. Greenfield manufacturing data, in particular, is compelling. In 2023 Indonesia received about USD 33 bn in foreign direct investment and Vietnam around USD 16bn. Malaysia and other SE Asian jurisdictions also saw material inflows. Analysts anticipate there remains at least USD 60bn of pipeline investment in the region to meet the gap between existing or announced infrastructure investment and the requirement to meet anticipated future trade flows (McKinsey & Company). 5. Key sectors to watch include: semi-conductor and advanced manufacturing, digital infrastructure, energy and critical minerals supporting the EV sector and general technical services. 6. Careful attention to structuring and partnering with local joint venture partners will be key for any successful market entry or expansion plans across SE Asia. 7. Common issues across the region still need to be managed on a market by market basis including unique regulatory requirements, investor activism, geopolitical and ESG challenges. Special thanks to our speakers and attendees for making this event a success! Temmy Ting Diana Chow #SoutheastAsia #Investment #ChinaPlusOne #FirstinAsia #HongKong #Singapore #SEA

Do you know that Singapore is the most globally connected country? That is according to our latest Global Connectedness Report. In collaboration with New York University’s Stern School of Business, the report tracks how flows of trade, capital, information, and people move across 181 countries and territories to determine each country’s globalization index. Can you guess the rank of Thailand as one of the most globalized countries in the world? Find out more and access the full report here. https://lnkd.in/gMfwZz5X #DHLExpress #GlobalConnectednessReport #IntraAsiaTrade #CrossborderTrade