Indonesia Passes Omnibus Law to Incentivize Investment and Jobs

Indonesia Passes Omnibus Law to Incentivize Investment and Jobs

The Indonesian government has just revised more than 70 existing laws and regulations in an effort to create jobs, spur investments, reduce red tape, and improve bureaucratic efficiency. The new law touches on various areas including reducing obstacles to doing...
Alternative Fundraising Channels Raise Over MYR 1 Billion

Alternative Fundraising Channels Raise Over MYR 1 Billion

The Securities Commission Malaysia (SC), a statutory body regulating the capital market in the country, has reported that more than 2,500 micro, small and medium enterprises (MSMEs) have raised more than MYR 1 billion (USD 241 million) through crowdfunding. This was...
Singapore and Norway Expand Collaboration in Four Priority Sectors

Singapore and Norway Expand Collaboration in Four Priority Sectors

Singapore and Norway are expanding collaboration in four priority sectors, including in the so-called “blue economy” that focuses on the sustainable use of ocean resources. The four sectors are maritime digitalization and automation; sustainable urban...
Thailand Rolls Out Program to Boost Domestic Consumption

Thailand Rolls Out Program to Boost Domestic Consumption

In a bid to boost domestic consumption, the Center for Economic Situation Administration (CESA) has approved a proposal to offer taxpayers income tax deductions of up to THB 30,000 (USD 960) from their total taxable income. The tax deduction offer will apply to the...
New Study to Help Grow Exports of Philippine Products to EFTA Nations

New Study to Help Grow Exports of Philippine Products to EFTA Nations

The Department of Trade and Industry’s Export Marketing Bureau (EMB) inked a tripartite agreement with the Swiss Embassy in Manila and the Swiss Import Promotion Program (SIPPO), for conducting a market study with the objective of enhancing the Philippines’ trade with...
EVFTA Creates New Opportunities for Vietnamese Agricultural Exports

EVFTA Creates New Opportunities for Vietnamese Agricultural Exports

Vietnam is expected to significantly increase its agricultural exports to the EU as a consequence of the recently concluded EU-Vietnam Free Trade Agreement (EVFTA). According to the Ministry of Agriculture and Rural Development, leading agricultural exports will...
Korea Development Bank Acquires Indonesia’s Tifa Finance

Korea Development Bank Acquires Indonesia’s Tifa Finance

Korea Development Bank (KDB) has purchased a majority stake of 80.65% in Tifa Finance, a multi-finance company in Indonesia.  KDB is a state-owned bank established in 1954 for the purpose of supplying capital to help develop Korean industries and the national economy....
Thailand’s Economic Updates for July 2020

Thailand’s Economic Updates for July 2020

The impact of COVID-19 has been negative for Thailand’s export- and tourism-reliant economy. According to Thailand’s Fiscal Policy Office, the Thai GDP is forecast to contract by -8.5% this year. In July, however, the Thai economy showed some signs of improvements...