By: South-East Asia IPR SME Helpdesk Singapore is currently in the process of amending its patent regime. Major amendments concern the examination guidelines on isolated products from nature; third party observations; patent re-examination option; the examination guidelines on the new patents grace period and amendments to Patents Rules concerning patentable subject matter and supplementary examination. The aim of these proposed amendments is improving Singapore’s patent regime and further increasing the confidence of stakeholders and investors in Singapore’s patent regime  . RELATED: Corporate Establishment Services from Dezan Shira & Associates Patent examination guidelines on isolated products from nature In order to have a more balanced patent regime, the Singapore Government is proposing to clarify the distinction between ‘inventions’ and ‘discoveries’ as applied to the issue of isolated products found in nature. According to the new proposal ... » Learn More about Proposed Changes to Singapore’s Patent Regime – ASEAN Business News
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The latest issue of ASEAN Briefing Magazine titled, “ ASEAN’s FTAs and Opportunities for Foreign Businesses “, is out now and available to subscribers as a complimentary download in the Asia Briefing Publication Store . In this issue of ASEAN Briefing ASEAN’s Free Trade Agreements: An Overview Rules of Origin Criteria of ASEAN’s FTAs Growing Opportunities for Foreign Businesses in ASEAN With a combined GDP of US$2.5 trillion (2016) and a population of some 625 million people, the Association of Southeast Asian Nations (ASEAN) is one of the world’s most dynamic and rapidly developing economic regions. While ASEAN’s rising 150 million-strong middle class offers foreign businesses a significant consumer market in its own right, the regional grouping is also party to several Free Trade Agreements (FTAs), including with China, India, Japan, South Korea, Australia and New Zealand. Further, ASEAN nations have largely abolished import and export duties on items ... » Learn More about ASEAN’s FTAs and Opportunities for Foreign Businesses – New Issue of ASEAN Briefing Magazine – ASEAN Business News
By Dezan Shira & Associates Editor: Vasundhara Rastogi On October 27, 2017, Malaysia’s Prime Minister Najib Abdul Razak tabled the country’s much anticipated 2018 budget. The new budget is in line with the government’s agenda to achieve Transformasi Nasional 2050 (TN50) or National Transformation 2050; TN50 is a 30 year-plan,first introduced in the budget 2017,that aims to make Malaysia one of the world’s top 20 countries by 2050. Termed as a generous and people friendly budget, the proposed allocation for 2018 stands at RM280.25 billion (US$66.3 billion) – a rise of 7.5 percent from 2017. The Malaysian government has proposed several tax incentives for investors and venture capital firms in the 2018 budget. In this article, we look at the salient features of the budget and their implications for businesses. RELATED: Corporate Establishment Services from Dezan Shira & Associates Corporate tax and tax incentives Capital allowance for ICT ... » Learn More about Malaysia’s 2018 Budget: Salient Features – ASEAN Business News
Although managing payroll in Singapore is a relatively less complex process than elsewhere in ASEAN, it is not without its inherent challenges given the city-state’s constantly evolving regulatory environment. While Singapore-based companies may find it challenging to keep track of the country’s changing social security, tax, and regulatory norms when computing payroll for its employees, those with operations in the wider ASEAN region are likely to find the task even more daunting. When a company operates in multiple countries, its internal HR teams often struggle to stay updated with changing payroll regulations. Indeed, payroll regulations in emerging markets can change quickly and without proper notification. HR staff doing payroll without up-to-date information may, inadvertently, lead to issues of non-compliance. Non-compliance, even accidental, can invite unwanted scrutiny from authorities, heavy fines, and may negatively impact the morale of employees adversely affected. ... » Learn More about Payroll Outsourcing in Singapore: A Brief Guide – ASEAN Briefing News
By Vasundhara Rastogi Phnom Penh, once known as the ‘Pearl of Asia’, is the capital and largest city of Cambodia. Located at the confluence of three major rivers – the Mekong, the Tonle Sap River, and the Bassac River -, the city serves as Cambodia’s major economic, business, and trading destination. Though the city is located 120 miles away from the sea, its proximity to the Mekong river valley makes it an ideal port – connecting the landlocked region to the South China Sea via Vietnam by the Hau Giang channel of the Mekong Delta. Phnom Penh is home to 1.5 million people, and serves as a major global and domestic tourist destination in Cambodia. Khmer, the most popular and official language of the country is the main language; English and French are also widely spoken. RELATED: Pre-Investment and Market Entry Advisory from Dezan Shira & Associates Regional connectivity Since the end of Cambodia’s civil war in 1975, the city has undergone rapid development in ... » Learn More about Investing in Cambodia’s Phnom Penh – ASEAN Business News
Imagine this: You've had a great meal. You pay for it contactlessly, through your smart watch. You've paid on credit, and when the bill arrives and you make payment, it's done with a few quick taps on your smartphone, without a single sheet of paper needing to be printed. That's what the future looks like — for now at least — with Singapore's new digital banks in the picture. The Monetary Authority of Singapore (MAS) has awarded four licenses so far, and more may follow in future. Hold on, you might be asking. That doesn't seem too different from what we have now, in 2020. So what's the big deal with digital banks, and what benefits might they bring, and what risks should we watch out for? We try to answer these questions. What is a digital bank? Existing banks in Singapore do already have comprehensive digital services, and many of its younger (or more tech-savvy) customers already do most of their banking online. But one of the requirements for these ... » Learn More about Fully-digital banks will launch in S’pore soon. Here are their potential risks & benefits.