Taiwan and Brunei on Wednesday signed a memorandum of understanding (MOU) to promote a halal economy between the nations.
The document, titled the MOU on Syariah Compliance Products, Development and Trade, was signed by Pengiran Haris Duraman, chairman of the Brunei Darussalam BIMP-EAGA Business Council (BD BEBC), and witnessed by Taiwan Representative to Brunei Andrew Lee (李憲章).
The document next heads to Taipei to be signed by an official at the Taiwan External Trade Development Council (TAITRA, 外貿協會), the other signatory of the MOU.
The BIMP-EAGA refers to the Brunei, Indonesia, Malaysia, Philippines-East ASEAN Growth Area, which covers 80 million people. It was launched in 1994 in Davao City, the Philippines, to promote subregional economic cooperation.
The MOU was a result of 10 months of discussion initiated by the Taipei Economic and Cultural Office in Brunei and the BD BEBC, Lee said.
“It will serve as a catalyst and platform for connectivity and cooperation, and to explore opportunities in creating a new supply chain linking Taiwan and Brunei and the global Muslim markets,” Lee said.
The MOU aims to foster cooperation in the halal industry, reduce technical barriers to trade and facilitate bilateral relations between Taiwan and Brunei, particularly with respect to halal export development and promotional programs, Lee said.
It also focuses on investment opportunities in the halal economy and possible joint ventures in the halal value chain between Taiwan and Brunei, he added.
Brunei is well positioned to bridge the gap with Europe, the Middle East, South America and Taiwan in the halal industry, which is a global economic driver encompassing 1.9 billion Muslims, Lee said.
Taiwanese-made halal-certified foods were displayed outside the MOU-signing event as part of the representative office’s effort to showcase Taiwan’s efforts to break into the global halal food market, he said.
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
RSS