ASEAN Briefing News

Strategic International Investments: Unveiling Indonesia’s Growing Appeal for Global Investors

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The December 7, 2023 Freedom Business Summit in the UAE will put the focus on increasing attention from global investors seeking offshore investment opportunities and second citizenship options in Indonesia.

Catalyzing Connections: Australia’s Path to Amplify Digital Trade in Southeast Asia

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Australia launched its latest Digital Economy Strategy with a focus on leveraging digital technologies and enhancing digital trade, particularly with Southeast Asia.

Singapore Unveils Latest Relief Package to Ease Cost of Living

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Singapore’s government unveiled its latest support package to provide more relief for households as well as businesses.

Indonesia’s Social Media E-Commerce Ban: Navigating Regulatory Changes

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Indonesia’s ban on social media e-commerce transactions will significantly affect key players such as TikTok and their business development.

Powering Progress: Indonesia Unveils Largest Floating Solar Power Plant in Southeast Asia

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Indonesia’s President has inaugurated Southeast Asia’s largest floating solar power plant in the province of West Java.

Thailand Scaled-Down Subsidy Program Continues Backing for Locally Produced EVs

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Thailand has extended its subsidy scheme promoting the purchase of domestically manufactured electric vehicles, albeit at revised rates. Chinese automakers BYD and Changan Automobile are the latest to plan local production, targeting this growing market.

Singapore to Amend Free Trade Zones Act, Strengthening Powers to Tackle Illegal Trade

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Singapore’s Parliament has proposed a bill to amend the 1966 Free Trade Zones (FTZ) Act and make related changes to the 1960 Customs Act.

Singapore Proposes New Bill to Regulate Significant Investments in Critical Entities for National Security

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Singapore’s proposed Significant Investments Review Bill will increase oversight of ownership changes in critical entities.

Thailand to Set 2024 Minimum Wage Rate by Year-End

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Thailand is set to announce a minimum wage increase for 2024, expected to surpass the inflation rate. It is likely to fall short of the initially proposed 400 baht (US$11.12) per day to mitigate potential negative impacts on small and medium-sized enterprises.

Indonesia Stock Exchange (IDX) Launches Carbon Trading Operations

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The Indonesia Stock Exchange (IDX) has launched, following approval from the Financial Services Authority, and aligned with the country’s emissions reduction goals and enable transition to renewables.

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