ASEAN Briefing News

Malaysia Enhances Incentives for Businesses Looking to Establish a Principal Hub

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Malaysia has enhanced incentives for businesses looking to establish a principal/regional hub in the country.

Malaysia Increases Minimum Wage from May 1, 2022: What are the Implications for Businesses?

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Malaysia will increase the national monthly minimum wage from May 1, 2022, by 25 percent from 1,200 ringgit (US$276) to 1,500 ringgit (US$345).

Singapore Introduces New Incentives to Encourage Greener Ships

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Singapore’s Maritime Port Authority has issued new incentives for Singapore-flagged ships that undertake decarbonization efforts.

How to Register a Trust in Cambodia?

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Cambodia’s Prakas 003 sets out the establishment, function, and registration requirements of trusts in the country.

Comparing Mexico and Indonesia as Manufacturing Hubs for US Investors

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We look at the economic and business environment in Mexico and Indonesia and discuss their comparative prospects as an offshore production hub.

China Launches New Freight Train Services to Vietnam

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China has launched new freight train services to Vietnam from the cities of Chengdu and Chongqing, enabling exporters to establish new trade opportunities with Western China.

Opportunities in Indonesia’s Internet of Things Sector

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Indonesia’s Internet of Things market is expected to reach US$30 billion by 2022. Its impact can enhance industrial productivity and reduce operational costs.

Vietnam Electricity Reforms Spark Opportunities for Foreign Investment

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Vietnam’s amended Law on Electricity allows foreign investment in the country’s electrical grid to improve energy quality and capacity.

The Cambodia-South Korea Free Trade Agreement: Increasing Potential for Downstream Sectors

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The Cambodia-Korea Free Trade Agreement presents opportunities for value-added investments in Cambodia’s downstream processing industries.

Moving Away from Oil: How Can Brunei Diversify its Economy?

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Brunei sees diversification as integral to its economic development and has outlined plans to reduce oil dependency and develop other industries.

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