ASEAN Briefing News

Myanmar Implements Long-Awaited Minimum Wage Hike

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Myanmar has increased the daily minimum wage rate after a five-year hiatus to 5,800 kyat (US$2.76) for an 8-hour day, from 4,800 kyat (US$2.28).

ASEAN, Canada Edge Closer to Concluding Free Trade Agreement

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ASEAN and Canada have edged closer to concluding a free trade agreement with Canada officially achieving the strategic partnership status during the ASEAN Summit.

Why Establish a Family Office in Singapore

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Singapore has become the preferred destination for family offices. The city-state recorded over 1,500 family offices by the end of 2022.

Indonesia’s Approach to BRICS: Opportunities and Membership Potential

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Jakarta weighs up its options as it has decisions to make in early 2024 The idea of Indonesia joining the BRICS group was raised over a decade ago, and Indonesia has participated in some BRICS meetings. Over the past two years, the concept of Indonesia officially joining BRICS has been revived with the support of […]

Singapore Family Office Setup: Structural Model and Entity Formation

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Before establishing a family office, families must identify which corporate structure aligns most effectively with their business requirements.

Strengthening Family Office Participation in Singapore’s Financial Ecosystem

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Singapore’s Wealth Management Institute introduced two new initiatives to deepen the integration of family offices into the national economy.

Audit and Compliance in Brunei: A Guide for Foreign Investors

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Private and public companies in Brunei are obligated to audit their accounts as well as hold annual general meetings once a year.

Indonesia Launches Southeast Asia’s First High Speed Railway

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Indonesia has launched Southeast Asia’s first high-speed railway that connects the capital Jakarta to the city of Bandung, 142km east.

Cambodia Increases Minimum Wage for Garment, Footwear, Travel Product Sectors for 2024

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Cambodia’s vital GFT industries, encompassing garments, footwear, and textiles, are set for a minimum wage increase in 2024. We’ve observed adjustments in minimum wages for various worker categories, including regular, probationary, and piece-rate employees.

Southeast Asia’s Tech Boom: A Gateway for Baltic Investors

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Southeast Asia’s digital economy offers a wealth of opportunities for investments from Baltic countries.

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