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...
Asia’s biggest warehouse operator GLP and Ho Chi Minh City-based startup SEA Logistic Partners (SLP) have announced a USD 1.5 billion joint venture to develop modern logistic real estate assets in Vietnam. The joint venture will initially focus on the...
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...
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...
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...
The Iloilo province in the Visayas region is proposing a budget of USD 66.77 million for the year 2021. This is 6% higher than the allocated budget of the province for 2020 and is now pending review and approval of the Iloilo Provincial Board. The budget proposal,...
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...
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 (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....
Iskandar Malaysia, the southern economic corridor in Johor state has announced that it received USD 3.8 billion in cumulative investments for the first six months of 2020. This resulted in a total cumulative investment of USD 79.73 billion since the inception of the...
Enterprise Singapore (ESG), a government agency that champions enterprise development in Singapore, will be enhancing the Startup SG Founder scheme with the aim of boosting the pipeline of new innovative startups in Singapore. Launched in 2017, Startup SG Founder...
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...
