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ASEAN takes on Circular Economy as part of priority agenda

The circular ‘reuse-reduce-recycle’ approach promotes a more efficient use of resources, thereby contributing to ASEAN Member States’ commitment to the Paris Agreement on climate change and the achievement of the UN 2030 Agenda for Sustainable Development Goals.

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ASEAN takes on Circular Economy as part of priority agenda

Today, ASEAN Secretariat conducted an online workshop on Circular Economy. The workshop gathered relevant sectoral bodies to discuss the draft Framework for Circular Economy for the ASEAN Economic Community (AEC), which is one of the priority economic deliverables for Brunei Darussalam’s ASEAN Chairmanship this year.

The development of the Framework is supported by the Economic Research Institute for ASEAN and East Asia (ERIA).

ASEAN recognises that Circular Economy is crucial in attaining the ASEAN Community Vision 2025 of a “vibrant, sustainable, and highly integrated economies”. The circular ‘reuse-reduce-recycle’ approach promotes a more efficient use of resources, thereby contributing to ASEAN Member States’ commitment to the Paris Agreement on climate change and the achievement of the UN 2030 Agenda for Sustainable Development Goals.

Satvinder Singh, Deputy-Secretary General for AEC, in his opening remarks stressed the “need to act with greater urgency and coordination, as well as a sense of collective purpose”.

The support of stakeholders, particularly Dialogue Partners and the private sector, will be crucial to the achievement of ASEAN agenda towards 2025 and beyond.

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Tech

Global fashion e-tailer Shein launches new hub in Singapore

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Shein has websites for Singapore, Indonesia, Thailand, Vietnam, and the Philippines and has plans to create a standalone website for Malaysia too.

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Singapore

How Businesses in Singapore can Reduce Overhead Costs During the Pandemic

The government is expected to draw on S$53.7 billion (US$40 billion) from its reserves for this year and an additional S24 billion (US$17.8 billion) over the next three years to assist local companies transition into a post-pandemic business environment.

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How Businesses in Singapore can Reduce Overhead Costs During the Pandemic

Singapore’s government has provided an array of fiscal and non-fiscal incentives to help businesses reduce their overhead costs during the pandemic.

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