Myanmar Implements Long-Awaited Minimum Wage Hike
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
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
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
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
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
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
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
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
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
Southeast Asia’s digital economy offers a wealth of opportunities for investments from Baltic countries.