How US Businesses Can Access the East Asian US$25 Trillion RCEP Free Trade Market Agreement via Existing Agreements
US businesses can access the RCEP free trade agreement through its existing agreements with partners in the region.
Indonesia’s Omnibus Law: Individuals Now Allowed to Incorporate Companies
GR 8/2021 introduces individually owned companies, a new type of company category in Indonesia that can be incorporated by a single individual.
Decree 70 to Impact Cross-Border Advertising Services in Vietnam
Vietnam’s Decree 70 stipulates that advertising service providers engaging in cross-border advertising services must abide by regulations on cybersecurity, and the provision and use of internet services, as well as pay tax.
Singapore Launches Latest US$800 Million Economic Support Package
On July 23, 2021, Singapore introduced its latest S$1.1 billion (US$800 million) economic support package as the country returned to Phase 2 restrictions.
How to Prepare a Foreign Worker Utilization Plan: Hiring in Indonesia
MOM Reg 8/2021 is an implementing regulation that details the requirements businesses must fulfill to hire foreign workers.
Vietnam Issues Latest Incentives for Businesses and Employees
Under Resolution 68/NQ-CP the government has unveiled several financial packages to employers and employees affected by the fourth wave of COVID-19.
ASEAN, EU Agree to World’s First Bloc-to-Bloc Air Transport Agreement
ASEAN and the EU have agreed to the world’s first bloc-to-bloc air transport agreement through the ASEAN-EU Comprehensive Air Transport Agreement.
Vietnam’s Transport Infrastructure Master Plan: Three Proposals for Implementation
In April 2021, Vietnam’s transport ministry announced its transport infrastructure master plan between now and 2030, which is estimated to cost between US$43 billion and US$65 billion.
BioNTech to Build Vaccine Manufacturing Site in Singapore
Biotechnology company BioNTech will establish its Asia-Pacific regional headquarters in Singapore, where it will also establish an mRNA manufacturing facility.
Indonesia to Build Electric Vehicle Battery Plant, Production Starting in 2023
Indonesia will build its first electric vehicle battery plant and aims to begin production by 2023, in a project estimated to be valued at US$9.8 billion.