The leading Philippine conglomerate, Aboitiz Equity Ventures (AEV), has allocated PHP 73 billion (USD 1.432 billion) for capital expenditure during 2020 to show support for the Philippine government’s projects as well as mitigate the impact of COVID-19 crisis on the...
On 26 March, the Singapore government announced an additional stimulus package of SGD 48 billion (USD 33.6 billion), on top of SGD 6.4 billion (USD 4.5 billion) announced in the 2020 Budget in February to support Singaporean citizens and local businesses during the...
On 17 February 2020, the EU-ASEAN Business Council (EU-ABC) organized a trade & investment mission, comprising of representatives from over 30 European companies and organizations, to meet with the Prime Minister of Thailand, Prayut Chan-O-Cha, and several...
Vietnam’s Ministry of Finance has announced a five-month extension of value-added tax (VAT), personal income tax and land rent fee payments worth around USD 1.3 billion for businesses affected by the COVID-19 epidemic. This measure is expected to come in effect...
Alongside the annual World Economic Forum Annual Meeting in Davos in January 2020, the International Chamber of Commerce (ICC) joined the Singapore government and a growing consortium of key industry partners to accelerate the digitalization of global trade and...
In February 2020, the Thai Board of Investment (BOI) approved a wide range of measures to accelerate investment and support all key sectors of the economy, from large-scale projects, to small and medium enterprises (SMEs), along with incentives to help strengthen the...
EU investors will have opportunity to hold up to 49% charter capital at two Vietnamese banks under Vietnam’s commitments in the EU-Vietnam Free Trade Agreement (EVFTA). The offer will be valid for five years after the pact takes effect and it will apply only to...
The Indonesian government is to create an omnibus law that would help to improve Indonesia’s attractiveness to investors. The President has asked lawmakers to complete deliberations on the bill within 100 days. Part of the bill proposes corporate tax cuts and higher...
In February 2020, Malaysia’s halal promotion agency, Halal Development Corporation (HDC) signed a memorandum of understanding (MoU) with Acrosx Japan Inc to boost the exports of halal products to Japan. Acrosx Japan provides overseas expansion support and consulting...
According to Bangko Sentral ng Pilipinas Governor, the Philippines is on its way to achieve an “A’’ credit rating grade by international debt rating agencies. Since 2013, the Philippines has enjoyed an investment grade rating of BBB/stable from Fitch Ratings. S&P...
The Indonesia’s Investment Coordinating Board (BKPM) is looking for nearly IDR 1,000 trillion of investment to push the country’s economic growth to 6%, as per the national medium-term development plan (RPJMN) 2020-2024. To attract investors, the government...
Malaysia’s central bank, Bank Negara Malaysia (BNM) has proposed to issue up to five licenses to establish digital banks in either conventional or Islamic banking business in December 2019. BNM has published the Exposure Draft on Licensing Framework for Digital Banks...
