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...
The Indonesian government has decided to focus on three priority sectors for the budget next year. They are food security, industrial estate development and ICT. President Joko Widodo proposed a USD 185 billion budget in mid-August, which will see a GDP deficit of...
Several states in Malaysia continue to introduce initiatives to attract domestic and foreign investments as the country remains to be among the preferred investment destination worldwide despite the challenging global economic environment. The World Bank has recently...
The Philippine government is getting ready to rollout its second phase of stimulus package as the Bayanihan 2 is only awaiting the signature of President Rodrigo Duterte for enactment. The Bayanihan 2 aims to offer assistance, subsidies and socio-economic relief to...
The Asian Institute of Digital Finance (AIDF), a research institute that will develop deep capabilities to support the needs of digital financial services in Asia, will begin operating at the end of the year, as a result of a partnership between the Monetary Authority...
Thailand’s Government, aiming to support business and to simplify the process of setting up and conducting business in the country, has approved in June 2020 new amendments to the Civil and Commercial Code (CCC), with the expectation that the proposed amendments will...
The representatives of the New Zealand Embassy to Vietnam, the Ministry of Agriculture and Rural Development (MARD) of Vietnam and the Ministry of Finance (MoF) of Vietnam signed an agreement to establish an electronic certificate (e-Cert) for food and...
In order to address the effect of the pandemic on international investment in Thailand, the Eastern Economic Corridor (EEC) Office announced that it will rework and increase promotional privileges for five new S-curve industries – robotics; aviation and...
The Vietnamese government decided to cut registration fees for locally manufactured and assembled cars by 50% until the end of this year acting on a proposal by the Ministry of Industry and Trade. The cut was proposed in order to support local businesses which were...
A total of seven foreign companies had confirmed of relocating its production facilities to Indonesia. According to Investment Coordinating Board (BKPM), the relocation will bring USD 850 million in investment and create potential employment for 30,000 workers. Among...
Johor Chief Minister Datuk Hasni Mohammad announced that the government of the state of Johor in Malaysia will introduce seven initiatives as part of its economic recovery plan post COVID-19 pandemic. The state hopes to be more economically and administratively...
