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Emerging opportunities for APEC: greenfield investments, AI potential

Economic growth in the Asia-Pacific Economic Cooperation (APEC) region has slowed despite early trade gains, yet new opportunities are taking shape driven by the transformative potential of artificial intelligence (AI) while greenfield investment remains a bright spot, according to the latest APEC Regional Trends Analysis. 

“Greenfield investments in AРЕС remain resilient, driven by the shift toward strategic and high growth sectors amid digitalisation and structural transformation,” it said.

In a news alert, APEC Policy Support Unit Director Carlos Kuriyama, analyst Rhea Crisologo Hernando and researcher Glacer Niño Vasquez said announced greenfield projects in APEC reached USD595 billion in 2024, up 56 percent compared to the level in 2021, underscoring investor confidence in new capacity and innovation. 

“Sustained investments in innovation and digitalization signal an ongoing shift toward productivity-enhancing sectors, which bodes well for APEC’s growth trajectory,” they said.

Kuriyama, Hernando and Vasquez said digital technologies, particularly AI, are poised to amplify these gains.

They cited modelling estimates suggesting that when treated as a productivity shock, AI adoption could raise gross domestic product (GDP) by 1.3 percent to 3.9 percent. 

On average, APEC economies already score above global  averages on AI readiness, highlighting strong potential to capture digital dividends, they added.

The report said APEC's advancing Al readiness positions the region to leverage digital innovation for productivity gains, contingent on supportive policy frameworks.

“Still, digital capacity remains uneven across the region, with persistent gaps in digital skills limiting broader adoption. Closing these gaps will be key to unlocking AI’s full economic potential and ensuring that its benefits reach all people, across communities, sectors and economies,” Kuriyama, Hernando and Vasquez said.

They said that despite the emergence of new technologies and the relative resiliency of greenfield investments in productivity-enhancing projects, downside risks are expected to dominate, marked by policy uncertainty, geopolitical tensions, and elevated debt levels as legacy from the pandemic.

APEC’s growth slowed to 3.5 percent in the first quarter of 2025, down from 3.8 percent a year earlier, reflecting weaker demand and heightened global uncertainty. Regional growth is now projected at 3.0 percent in 2025 and 2.9 percent in 2026.

“Early trade gains, driven by businesses rushing to ship goods before new trade restrictions take effect, gave the economy a short-term boost. However, sustained momentum requires consistent reforms and renewed investment in productivity,” Kuriyama, Hernando and Vasquez said.

Merchandise trade in APEC posted solid growth in the first quarter of 2025 as businesses moved shipments forward, hedging against possible new trade restrictions. Export and import values rose by 5 percent and 7.7 percent, respectively, while volumes climbed even faster, by 7 percent and 7.9 percent. 

“This expansion suggests that early-year trade gains were driven by risk-mitigation strategies rather than a sustained rebound in demand, and may taper off as temporary factors fade. Trade momentum remains highly sensitive to policy developments,” they said.

Services trade exports slowed to 6 percent in the first quarter of 2025 from 11 percent a year earlier, with travel services exports contributing to the decline.

PHILEXPORT News and Features
Published: August 15, 2025
Photo source: Canva

Green trade presents new export opportunities for PH exporters

The global shift towards sustainability presents new export opportunities for the Philippines in environmental goods and services (ESG), according to a new report by the International Trade Centre (ITC).

The report, Climate Change and Trade in the Philippines, said the growing green market for EGS is an example of these opportunities, which have been created by climate change and other environmental concerns such as biodiversity, reducing plastics pollution, and chemical safety.

“Satisfying these demands depends on access to, for instance, renewable energy technologies, energy-efficient products and sustainable agricultural practices,” it said.

Citing a manual earlier released by Organisation for Economic Co-operation and Development, the report said EGS are ‘goods and services to measure, prevent, limit, minimize or correct environmental damage to water, air and soil, as well as problems related to waste, noise and ecosystems’.

The World Economic Forum estimates that environmental goods, as a share of total manufactured goods trade, could reach 15 percent in 2030, up from 11 percent in 2022, it added.

The report said the circular economy also offers growth opportunities in areas such as product design and innovation and extended producer responsibility.

Examples in Southeast Asia include plastic and electronic waste management, food, renewable energy, tourism and textiles, it said.

The ITC report said the Philippines could develop its clothing industry to align with emerging circular economy requirements, such as European Union conditions on product reparability, upgradability, durability and recyclability.

“By integrating these principles into design and production processes, the sector can position itself competitively in global markets, where national regulators and private firms are increasingly demanding circularity,” it said.

“Exploring trade-related standards and regulations that would support the circular economy in the region is key to open export opportunities and circular production models in the Philippine economy,” the report added, citing the Framework for Circular Economy for the ASEAN Economic Community.  

The report said the Philippines can further leverage its abundant natural resources, particularly its geothermal reserves, high solar irradiance and wind energy potential, to expand its renewable energy sector.

“The country can aim to power its industrial parks entirely with renewable energy, reducing the carbon footprint of exports from these areas. By offering renewable energy options, the government could attract investments in the crucial and energy-intensive semiconductor industry, allowing brands to offer more sustainable electronics,” it said.

Aligning with international environmental standards and certifications could make Philippine goods more attractive to environmentally conscious global consumers, thereby opening new markets and strengthening the country’s competitive edge in the global economy, it added.

The ITC report further said tapping into the booming green market requires substantial investment in technology and infrastructure.

“The market for green goods is expanding, creating opportunities for countries that can supply these items. However, capitalizing on these opportunities, including for small businesses, requires considerable investment in technology and infrastructure to produce and export green goods competitively,” it said.

The report said that with abundant geothermal, solar and wind resources, the Philippines can further develop its renewable energy sector to meet both domestic and international demand.

“Investments in the production of solar photovoltaic equipment could boost the economy and create jobs. By focusing on green competitiveness and aligning its export strategies with global sustainability trends, the Philippines can strengthen its position in the growing green market globally,” it added.

PHILEXPORT News and Features
Published: July 11, 2025
Photo Source: Canva

Micro-credentials see rising importance in ASEAN labor market

Traditional higher education is no longer enough to bridge the skills gaps in the ASEAN labor market, so governments in the region should start investing in scalable and flexible solutions such as micro-credential training to overcome this divide and prepare the workforce for the digital era, advises a new report.

The policy brief noted how ASEAN’s labor market is facing unprecedented transformation driven by three intersecting megatrends: digitalization, the green transition, and the gig/freelance economy. 

“These trends present new opportunities but also introduce significant risks of exclusion and mismatch,” said the report published last month by the Economic Research Institute for ASEAN and East Asia (ERIA).

While digitalization is projected to create more jobs than it displaces, nearly two-thirds of youth are not receiving adequate digital skills education in schools to leverage this opportunity, the report warned. 

The green transition is expected to generate 30 million new jobs in Southeast Asia by 2030, but it will require workers to develop the specialized skills demanded by low-carbon industries. 

Additionally, the talent-on-demand or gig/freelancing economy is emerging as one of the fastest-growing labor market segments, with an estimated 154 million to 435 million online gig workers globally. 

“With the right investment in skill development, ASEAN’s ‘digital native’ youth can broaden their employment prospects beyond domestic labour markets and tap into the global digital economy,” the document said. 

It further said that a survey of global employers operating in ASEAN—focused on workforce trends, employer expectations, and transformation strategies for 2025-2030—shows that regional employers increasingly recognize the importance of government support in reskilling and upskilling efforts to improve talent availability, with expectations in ASEAN surpassing the global average.

But relying solely on traditional higher education pathways is no longer sufficient, the paper continued, as it called on ASEAN governments to “invest in lifelong learning, promote flexible upskilling models, and mainstream micro-credentials as a central element of workforce development.”

It argued that conventional higher education models are increasingly ill-suited to keep pace with the fast-moving technological and industrial landscape. 

“In many sectors—such as artificial intelligence, cybersecurity, renewable energy, and digital services—employers are prioritising practical, job-specific skills over formal academic qualifications. As such, modular and competency-based learning approaches, including micro-credentials and stackable certifications, have emerged as critical tools for helping workers stay competitive,” it said.

According to UNESCO, unlike conventional degree programs, micro-credentials are typically focused on a specific set of learning outcomes in a narrow field of learning and achieved over a shorter period of time. 

Micro-credentials enable individuals to “respond quickly to labour market shifts without the long-term commitment of a full degree,” said the ERIA report. “By targeting particular competencies rather than broad academic domains, micro-credentials effectively bridge the divide between formal education and employment outcomes.”

For individuals, micro-credentials offer an affordable and flexible means of enhancing employability. They facilitate career mobility and support lifelong learning by allowing learners to build skills incrementally outside of traditional academic settings. 

Furthermore, micro-credentials function as strong labor market signals to employers, reducing uncertainty in the hiring process and improving overall job market efficiency.

Some of the primary benefits of micro-credential training programs include the following:

•    Highly scalable
•    Low cost
•    Labor market alignment
•    Decentralized learning 
•    Modular pathways
•    Job-relevant skills
•    Flexible delivery

Several ASEAN member states have already introduced government-supported lifelong learning initiatives, such as Indonesia’s Kartu Prakerja and Singapore’s SkillsFuture program, said the policy brief. 

Launched in 2020, Kartu Prakerja provides financial assistance for vocational and digital learning, including practical micro-credential training.

Singapore’s SkillsFuture, launched in 2015, offers structured training pathways, industry-recognized certifications, and financial incentives to support continuous learning, foster workforce adaptability, and ensure a competitive labor force amid evolving economic and technological demands. 

Both projects “demonstrate that combining digital training platforms, micro-credentials, and financial incentives can yield inclusive and adaptive skills ecosystems,” said the research paper.

 “Integrating micro-credentials into ASEAN’s regional skills agenda offers a high-potential avenue to scale up workforce readiness. However, successful implementation will require strong political will, regulatory innovation, and thoughtful programme design to ensure effectiveness and equity,” concluded policy brief authors Romora Edward Sitorus and Rashesh Shrestha.

PHILEXPORT News and Features
Published: July 25, 2025
Photo source: Canva

Emerging technologies can help APEC economies combat corruption

Harnessing emerging technologies, such as artificial intelligence and machine learning (AI/ML) and blockchain, to strengthen transparency and accountability can help Asia-Pacific Economic Cooperation (APEC) economies combat corruption and build public trust.

In a news alert, APEC Policy Support Unit (PSU) senior analyst Emmanuel San Andres and researcher Glacer Niño Vasquez said emerging technologies offer powerful tools to prevent, detect and deter corruption.

San Andres and Vasquez cited as an example AI/ML which enables real-time monitoring, risk scoring, pattern detection, and predictive analytics.

“These tools can support monitoring and investigation by automating document review and evidence gathering. AI/ML can also enhance institutional capacity through adaptive, personalized training systems,” they said.

San Andres and Vasquez said advanced data analytics can support the review of large volumes of data, revealing patterns of corrupt activity and informing decision-making.

“When data from different sources are connected, it becomes easier to understand corruption risks early and act with greater precision,” they added.

The authors said blockchain, the technology that enables cryptocurrencies, can be used to create immutable, transparent ledgers for government transactions, supply chain monitoring and secure identity management, making it harder to conceal corrupt activity.

“Remote sensing and facial recognition technologies also offer potential in compliance monitoring and anomaly detection,” they said.

However, San Andres and Vasquez underscored that implementing these emerging technologies presents challenges and risks.

“The effectiveness of AI/ML systems is only as good as the quality, integrity and objectivity of the data they are fed; biased inputs can produce biased outcomes,” they said. “Blockchain technology is very energy-intensive, which may hinder its scalability and availability. Facial recognition raises serious concerns over privacy and due process, enabling widespread surveillance without individual consent.”

San Andres and Vasquez said these trends mirror growing international momentum around the digitalization of integrity systems, while offering a timely opportunity for APEC economies to shape global standards while advancing domestic reform.

They also cited the importance of recognizing the central role of human and institutional elements in anti-corruption efforts.

“Emerging technologies are not a silver bullet; they will only be effective if they are well integrated into government processes and are aligned with the skills of the people who need to use them,” the authors said.

Further, San Andres and Vasquez said training and capacity building will be essential to bridge capability gaps, while a committed leadership will be needed to implement the legal reforms and oversight structures needed to ensure effective adoption.

They said buy-in from anti-corruption stakeholders across government, the private sector and civil society is also crucial to this pursuit.

“Technologies like AI/ML and advanced analytics require large volumes of reliable data, requiring cooperation and information sharing. Public understanding and trust, ethical use of data and equitable access to technology are all essential to ensuring long-term success,” they added.

PHILEXPORT News and Features
Published: August 1, 2025
Photo source: Canva

Cambodia: Pursat solar power plant inaugurated

A 10-megawatt solar power plant, combined with an energy storage battery system developed by SchneiTec ZEALOUS, has officially begun operations in Pursat province.

The inauguration ceremony took place at the project site in Sna Ansa commune, in Krakor district. The event was attended by Keo Rottanak, Minister of Mines and Energy,  Uneno Atsushi, Japanese Ambassador to Cambodia, Khoy Rida, governor of Pursat Province, and many other stakeholders.

In his opening remarks, the Pursat governor drew attention to how political stability and the close attention of the authorities at all levels have made Pursat an attractive location for investment in many sectors. At present, Pursat is a key area for solar and hydroelectric investment.

“Today, Pursat province is seeing remarkable growth, transforming from a transit province into one full of industrial and tourism investment appeal,” he said.

Energy minister Rottanak noted how the seventh-mandate government is working to strengthen economic partnerships with the private sector through the implementation of several new policies aimed at attracting foreign direct investment. He emphasised how the solar project inaugurated today is vital in supporting the province’s economic development.

He added that it will help supply Cambodia’s national grid and promote the development of renewable energy in the country, ensuring a stable energy supply through low-carbon sources, paving the way towards carbon neutrality.

“This project was invested in by Chugoku Electric Power Company, one of Japan’s leading electric power companies, in cooperation with SchneiTec Zealous, which is already established in Cambodia,” he continued.

Japanese Ambassador Ueno Atsushi stated “This solar power and battery storage project will help meet Cambodia’s growing electricity demands and contribute to greenhouse gas reduction efforts,” added Japanese ambassador Ueno.

For full article, please read here
Source: The Phnom Penh Post 

Philippine energy major to explore market opportunities in Cambodia

Synopsis: The Kingdom’s energy sector has been on an expansion path with many global giants showing active interest in exploring investment opportunities.

Citicore Renewable Energy Corporation (CREC), a major player in the energy scene of the Philippines, is all set to explore market opportunities in the Kingdom.

This was revealed by Oliver Tan, President and CEO of CREC, during an interview with Singapore-based business daily The Business Times.

“Cambodia is really exciting because of its strategic geographical location, especially in terms of the Asean power grid, and its land mass,” Tan said.

He said Cambodia offers many advantages compared to other Asean countries such as Thailand. “Comparatively, property in Thailand is expensive because of how the country markets itself as a tourist destination, and hence, building solar facilities there could be relatively difficult.”

Tan added that energy transition ambition across the Asean region offers great opportunities for the company in the days to come.

The visit by Prime Minister Hun Manet to the Philippines in February provided a perfect platform for many leading companies there to explore investment opportunities in the Kingdom.

CREC is a leading pure renewable energy developer and operator of solar, run-of-river hydro, and offshore wind energy platforms in the Philippines and is now focusing on a major expansion plan across Southeast Asia and beyond.

Indonesian energy giant PT Pertamina last year acquired a 20 percent stake in the Philippine company, with its public float accounting for another 20 per cent and the remainder owned by parent company Citicore Power.

The Kingdom’s energy sector has been on an expansion path with many global giants showing active interest in exploring investment opportunities.

French behemoth TotalEnergies said last month that the company is seriously exploring investment opportunities in the Kingdom.

Mehmet Celepoglu, TotalEnergies Deputy Director for Oceania and Southeast Asia region, also held a meeting with Keo Rottanak, Minister of Mines and Energy, at the ministry headquarters in Phnom Penh, and discussed investment opportunities.

Many Chinese and Korean companies have also expressed interest in the Kingdom’s energy sector.

For more detail, please click here

Source: Khmer Times

Digital shift propels market expansion as Thailand's economy adapts

The Thai retail sector experienced robust growth in 2024, expanding by 6.02% to 4.51 trillion Baht, a trend largely propelled by the booming online market. This mirrors a global phenomenon where e-commerce is increasingly driving retail expansion, with worldwide sales reaching approximately $18.60 trillion in 2024, significantly influenced by the Asia-Pacific region and digital channels.

While offline sales still dominate in Thailand, online retail's share has surged from 20.45% in 2022 to 23.50% in 2024, marking a remarkable 379% increase compared to 2019. The Trade Policy and Strategy Office (TPSO) forecasts continued expansion for Thailand's retail sector, anticipating an average annual growth rate of 4.5% between 2024 and 2029, with the market expected to reach 5.61 trillion Baht by 2029.

This growth is primarily attributed to the rise of online commerce, the resurgence of tourism, and supportive government stimulus policies. However, the sector also faces potential challenges such as economic volatility, high household debt, and intense competition. Globally, retail sales are projected to grow at an average annual rate of 2% between 2024 and 2029, with the global market exceeding $20.8 trillion by 2029. A significant 64% of this global growth is expected to originate from the Asia-Pacific region, with online sales contributing an estimated 74% of all retail sales growth.

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Thai Businesses Turn to AI for Cost Savings and Competitive Edge

Thai businesses, ranging from startups to large corporations, are rapidly embracing Artificial Intelligence (AI) to achieve significant operational efficiencies, reduce costs, and enhance decision-making, marking a crucial step towards a more digitally competitive economy. This widespread adoption is evident across various sectors, including translation services, customer service, manufacturing, healthcare, energy, logistics, and e-commerce.

A key driver of this shift is the accessibility of AI, particularly through the rise of small language models and open-source AI platforms. These tools are making advanced AI technology more affordable and scalable, allowing even small and medium-sized enterprises (SMEs) to integrate AI into their operations, thereby fostering inclusive digital growth.

The momentum behind AI adoption in Thailand is substantial, with the AI market projected to reach 114 billion baht by 2030, driven by an impressive 28.55% annual growth rate. AI is actively replacing repetitive manual tasks, reducing waste, and spurring innovation across industries. For instance, in translation services, AI dramatically boosts productivity and cuts costs. Chatbots and virtual assistants are streamlining customer inquiries in banking and telecommunications, leading to cost reductions of up to 30%.

In manufacturing, firms are leveraging AI's predictive analytics to prevent costly equipment failures and optimize supply chains. Similarly, AI systems in energy and logistics are contributing to lower utility bills and more streamlined operations. The e-commerce sector benefits from AI's ability to personalize shopping experiences and accelerate product launches, while hospitals are deploying vision AI for diagnostic assistance, reducing workload and costs.

Furthermore, governmental support and a strong interest from the workforce in AI upskilling are crucial factors overcoming adoption barriers. Public incentives and the eagerness of Thai workers to acquire AI skills are positioning the nation's economy for sustainable digital competitiveness and continued growth in the AI landscape.

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Thailand’s Strategic Position in ASEAN Supply Chains: Reshoring, Realignment, and Risk Management

Thailand is strategically positioned as a critical hub within ASEAN supply chains, playing a significant role in global trends of reshoring, realignment, and risk management. Its appeal stems from a combination of advantageous geographic location, well-developed infrastructure, and business-friendly governmental policies, making it a prime destination for companies seeking to diversify their manufacturing and logistics operations away from areas susceptible to disruptions, such as China.

A cornerstone of Thailand's logistical prowess is its advanced infrastructure. The Laem Chabang port, a major maritime gateway, handled substantial trade volumes in fiscal year 2024, underscoring its capacity to support international commerce. Complementing this is the Eastern Economic Corridor (EEC), a flagship initiative designed to transform the eastern provinces into a leading industrial and innovation hub. The EEC boasts modern transport links and has been instrumental in attracting significant foreign direct investment, further solidifying Thailand's manufacturing base. Additionally, the ambitious Land Bridge megaproject is set to enhance regional connectivity, offering an alternative route that could reduce reliance on the congested Strait of Malacca.

The nation's automotive industry stands out as a vital component of its economy, contributing substantially to the GDP. Despite facing recent global economic challenges, Thailand has maintained its status as ASEAN's largest automotive producer, demonstrating its resilience and established manufacturing capabilities. This sector is a testament to the country's skilled labor force and robust industrial ecosystem.

In conclusion, the ongoing infrastructure stimulus programs, combined with Thailand's inherent advantages in location and policy, are significantly bolstering its supply chain resilience. These factors collectively position Thailand for sustained future growth as a reliable and strategic partner in the evolving landscape of global trade and manufacturing.

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New Minimum Wage Rates Effective Across Thailand

The Thai government has officially implemented new daily minimum wage rates across the country, effective July 1, 2025. These new rates, published in the Royal Gazette, were determined by the tripartite wage committee.

Under the new structure, a daily minimum wage of 400 Thai baht applies to hotels (Type 2, 3, and 4) and entertainment venues nationwide. This rate also extends to all business types in Bangkok, Chachoengsao, Chonburi, Phuket, Rayong, and Ko Samui district in Surat Thani. Other notable rates include 380 Thai baht for Mueang Chiang Mai and Hat Yai, and 372 Thai baht for Nakhon Pathom, Nonthaburi, Pathum Thani, Samut Prakan, and Samut Sakhon. Rates for other provinces vary, with some as low as 337 Thai baht for areas like Narathiwat, Pattani, and Yala.

The announcement clarifies that a "day" refers to normal working hours, not exceeding seven hours for hazardous work and eight hours for other work. Employers are legally obligated to adhere to these specified minimum wage rates.

Read more: Click! 

Johor-Singapore Special Economic Zone set to transform all 10 Johor districts, says Menteri Besar

The Johor-Singapore Special Economic Zone (JS-SEZ) will not benefit only Johor Bahru but also other districts like Kluang, said the state’s Menteri Besar Onn Hafiz Ghazi.

He stated that the rapid and ongoing developments indicate that the zone will boost all 10 districts of the state.

“Do not think that the benefits of the JS-SEZ will only be concentrated in the Johor Bahru area. All 10 districts in Johor stand to benefit... because of all the ongoing developments taking place throughout the state, such as transportation infrastructure, housing projects and tourism,” he noted at a community event in Renggam on July 6.

He said a double-track rail system, expected to be fully operational by end 2025, and Johor Bahru-Singapore Rapid Transit System Link, projected to begin running on Jan 1, 2027, would shorten travel time.

He pointed out that the completion of the projects could help elevate places like Layang-Layang, Renggam and Kluang into satellite towns of Johor Bahru.

Source: The Straits Times (Johor-Singapore Special Economic Zone set to transform all 10 Johor districts, says Menteri Besar | The Straits Times)

6 Jul 2025

A*Star, Siemens launch manufacturing R&D collaboration in Asean

The Agency for Science, Technology and Research (A*Star) and German industrial manufacturer Siemens signed a memorandum of understanding (MOU) on Friday (Jul 4) to jointly develop smart and sustainable manufacturing solutions for companies in Singapore and the broader Asean region.

The collaboration seeks to address key industrial challenges by enabling faster access to advanced artificial intelligence (AI) and automation expertise, while promoting manufacturing processes that align with international sustainability standards.

A key component of the partnership is the Smart and Sustainable Advanced Manufacturing (SSAM) Catalyst, an innovation sandbox hosted at A*Star’s Advanced Remanufacturing and Technology Centre (ARTC).

Siemens is the first technology partner to join the SSAM Catalyst, contributing a portfolio of automation, electrification, industrial software and AI solutions.

These capabilities span the entire product lifecycle – from design and engineering to manufacturing and operations – offering manufacturers a platform to test and refine technologies in sectors such as aerospace, fast-moving consumer goods, biomedical and semiconductor equipment manufacturing.

The ARTC seeks to establish an innovation ecosystem involving technology providers, solution integrators, and end-users to jointly develop solutions for practical application. Leveraging its capabilities in manufacturing processes, smart manufacturing, sustainability analytics, precision imaging and autonomous systems, it provides support to companies looking to adapt their operations amid changing industry conditions.

Paving the way for more sustainable manufacturing

Beyond the SSAM Catalyst, A*Star’s Institute of Sustainability for Chemicals, Energy and Environment and Siemens are collaborating on research projects targeting decarbonisation in the chemicals and energy sectors.

The collaboration also involves exploring the use of Siemens’ Digital Twin technology, which allows chemical engineers to simulate and optimise chemical processes and design production facilities.

This technology aims to support better integration of engineering and operations in manufacturing plants, potentially helping companies manage plant design complexity and shorten construction schedules.

“Together with Siemens, we are developing solutions that will accelerate digital transformation and support decarbonisation efforts across the region. This multi-faceted collaboration looks to strengthen Singapore’s position as a regional hub for smart and sustainable manufacturing in Asean,” said Professor Lim Keng Hui, assistant chief executive of A*Star’s science and engineering research council.

Source: The Business Times (A*Star, Siemens launch manufacturing R&D collaboration in Asean - The Business Times)

4 Jul 2025

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