Other Briefings
Thailand Scaled-Down Subsidy Program Continues Backing for Locally Produced EVs
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 Proposes New Bill to Regulate Significant Investments in Critical Entities for National Security
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
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.
Unlocking Growth: The Role of Asian Trade Agreements for American Businesses
By leveraging Asia’s network of free trade agreements, US businesses can benefit from better access to the large Asian markets.
Thailand’s Tourism Boost: Visa Waiver for Chinese Visitors
Thailand has introduced a visa waiver program for Chinese tourists as the government looks to boost the economy through this vital sector.
US and Singapore to Deepen Collaboration on AI and Emerging Technologies
The US and Singapore have committed to deepen their technology partnership by collaboration on key areas of critical and emerging technology.
Thailand’s Eastern Economic Corridor Sets New Investment Targets
Thailand’s Eastern Economic Corridor has set a new investment target of 500 billion baht (US$13.7 billion) over the next five years.
Philippines Sovereign Wealth Fund: Marcos Says Not Suspended but Being Optimized
The Maharlika Investment Fund is the Philippines’ first sovereign wealth fund and remains a top priority for President Marcos Jr. Amid reports that the fund was being halted, Marcos clarified that necessary improvements were being made.
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.
