Singapore inked a memorandum of understanding (MoU) on establishing a bilateral Green Economy Framework with the UK at a video conference between Singaporean Minister for Trade Relations S Iswaran and Secretary of Energy Security and Net Zero of the UK Grant Shapps on March 1.
Hanoi (VNA) - Singapore inked amemorandum of understanding (MoU) on establishing a bilateral Green Economy Framework with the UKat a video conference between Singaporean Minister for Trade Relations SIswaran and Secretary of Energy Security and Net Zero of the UK Grant Shapps on March 1.
The UK-Singapore Green Economy Framework (UKSGEF), which covers three areas of green transport, low carbon energy and technologies, and carbon markets and sustainable finance, is hoped to promotebilateral cooperation in the green economy, support economic growth andcreate jobs in green sectors whilst encouraging the decarbonisation of economicactivities.
༒ Singapore and the UK have identified possible areasof cooperation, such as maritime and air transport decarbonisation. Theframework will also support collaboration between the two countries’governments, academia and business communities through joint activities suchas enterprise matching and co-innovation projects as well as green capabilitydevelopment for small- and medium-sized enterprises.
Iswaran said the framework is built on the basis of the robust and dynamicbilateral economic partnership, which is underpinned by the UK-Singapore FreeTrade Agreement (UKSFTA) and the UK-Singapore Digital Economy Agreement(UKSDEA).
Through this initiative, both sides will enhancecooperation in areas such as innovative decarbonisation measures, low carbonenergy and technologies, and high-integrity carbon markets.
🔯 The UK is Singapore’s sixth largest service and trading partner globally, with bilateraltrade in services exceeding 23 billion USD in 2020. The UK is also the largestEuropean investor in Singapore and the second largest investment destination inEurope for Singaporean firms. The UK has so far invested nearly 130 billion USDin Singapore, while Singapore’s investment in the UK reached nearly 65 billionUSD./.
The Monetary Authority of Singapore (MAS) has imposed penalties on the local units of two UK-based banks – Standard Chartered and Coutts – for breaching anti-money laundering (AML) rules related to Malaysia's 1MDB fund.
Singaporean Minister for Trade and Industry Chan Chun Sing and UK Secretary of State for International Trade Elizabeth Truss signed a bilateral free trade agreement on December 10.
Singapore and the UK have basically concluded negotiations on the UK-Singapore Digital Economy Agreement (UKSDEA), which began in June this year, according to the Singaporean Ministry of Trade and Industry.
Total trade between Indonesia and New Zealand in the first half of 2025 reached 963.23 million USD, an increase of 21.56% compared to 792.39 million USD in the same period last year. Of this amount, Indonesia's exports to New Zealand totaled 374.89 million USD, while imports 588.35 million USD
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
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The 2025 ASEAN Business Community Development (ABCD) Forum, themed “Empowering ASEAN's Next Leap: Digital, Sustainable & Entrepreneurial Transformation” brought together ministers, CEOs, and top industry experts to discuss key regional economic priorities.
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The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
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Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
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Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
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Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Illustrative image (Photo: //www.toursingapore.net.vn/) 
