ASEAN’s Emerging Manufacturing Destinations: Indonesia
ASEAN manufacturers can be divided into those that have invested in mid- and high-tech manufacturing and those which are concentrated in low- or no-tech assembly. In this article, we look at one of ASEAN’s key emerging manufacturing markets – Indonesia.
Singapore Expands SME Financing Options to Support Small Businesses
More channels for small and medium enterprise financing are opening up in Singapore, as banks introduce new grant programs and the government steps up effort to support small businesses.
E-Commerce Retail Sales See Rapid Growth in ASEAN
E-commerce is set to soar in Southeast Asia, as internet penetration in the region has reached a momentous turning point, according to a recent UBS report.
Declaration Now Required on Transfer Pricing Documentation in Malaysia
The Malaysian Internal Revenue Board now requires corporate taxpayers to declare whether they have prepared transfer pricing documentation while filing a tax return.
Foreign Ministers Rekindle Interest in EU-ASEAN FTA
Foreign ministers attending the 20th EU-ASEAN Ministerial Meeting in Brussels last week have raised the possibility of resuming negotiations for an EU-ASEAN free trade agreement once the ASEAN Economic Community comes into effect at the end of 2015.
August 2014 ASEAN Regional Meetings
There are a number of important ASEAN regional meetings taking place in August, including the 46th ASEAN Economic Ministers Meeting, the RCEP Ministers Meeting and the ASEAN-Hong Kong Free Trade Agreement Trade Negotiation Committee Meeting.
Indonesia’s Election Results Boost Economic Optimism
Joko Widodo, the former governor of Jakarta, was declared the next president of Indonesia last week, leaving foreign investors optimistic about the country’s economic prospects and triggering a favorable reaction from the rupiah.
China-ASEAN Trade Sees Strong Growth in First Half of 2014
Trade between China and the ASEAN nations reached US$220.69 billion in the first half of 2014, an increase of 4.8 percent compared with the same period last year, China’s Ministry of Commerce announced this week.
Singapore Boosts Information Technology Cooperation with South Korea
Small and medium sized information technology companies in South Korea and Singapore can look forward to more opportunities for cooperation and growth as the two countries inked a Memorandum of Understanding on Information and Communications Technology collaboration last Friday.
Myanmar Establishes New Special Economic Zone
Plans are currently underway to develop a new special economic zone in Myeik. Located in Myanmar’s southeastern Tanintharyi region, Myeik is home to one of Myanmar’s growing number of industrial zones.