Markable Solutions Philippines, Inc., founded by two US nationals and an Indian partner, became the first ordinary corporation organized by less than five incorporators as a beneficiary of the Republic Act 11232 or the Revised Corporation Code of the Philippines. On...
On 30 July, 2019, the Economic Development Board (EDB) of Singapore and Enterprise Singapore announced plans to pilot Tech@SG, a targeted program to help technology companies grow in Singapore and expand in the region by facilitating access to talent. The two-year...
Thailand and the European Union (EU) are resuming talks for a free-trade agreement (FTA). In July 2019, the Deputy Prime Minister and Commerce Minister of Thailand announced in parliament that the country will revive FTA negotiations with the EU which have been...
Danang city in central Vietnam has been receiving increasing attention from American companies for investment in the city’s Hi-tech Park and Information Technology Park. In August 2019, three Memorandums of Understanding (MoUs) on promoting investment, hi-tech...
The Indonesian government is preparing a cross border e-commerce regulation with the aim of controlling the flow of imported goods in the market. Currently, the government is reviewing import trends on e-commerce platforms. They are also in talks with e-commerce...
Speaking at an economic symposium organized by the Malaysian Parliament on 26 July, the deputy secretary-general (macro) of the Ministry of Economic Affairs (MEA) said that the 12th Malaysia Five Year Plan (12MP), covering the period from 2020 to 2025, will focus on...
Indonesia is implementing a comprehensive set of tax measures aimed at boosting investment, and stimulating economic growth, amid signs that the government’s 5.3% growth target for 2019 may be difficult to achieve. The government raised the threshold at which...
A co-funding initiative between private investors and the government targeting SMEs known as the SME Investment Partner (SIP) Program has recently raised a total of MYR 90 million (USD 21.88 million) of funds which is ready to be disbursed for investments in SMEs in...
Republic Act 11293 or the Philippine Innovation Act has been signed into law, aiming to foster the entrepreneurial spirit and promote growth and competitiveness of micro, small and medium enterprises (MSMEs) in the country. A National Innovation Council (NIC) will be...
Enterprise Singapore, together with agencies from seven EUREKA countries, officially opened a joint call for innovation projects on 9 July through the EUREKA GlobalStars program, a multilateral initiative to enhance access to funding for research and innovation. The...
Thailand has advanced 19 places from 2018 to rank 40th globally and first in ASEAN in the 2019 UN’s Sustainable Development Goals (SDGs) Report. This development is expected to bolster the country’s attractiveness as more investors see sustainability performance as...
According to the General Department of Customs of Vietnam, for the first six months of 2019 Vietnam has a trade surplus of USD 1.59 billion. Exports during this period increased by 7.2% y-o-y to USD 122.53 billion. The increase in export value is attributable to the...
