Global trade incentives being developed as ASEAN trade reaches far beyond its borders Economic ministerial-level consultation meetings between ASEAN and its partners – the US, Hong Kong, India, the European Union, and Russia – have been held via video conference in the framework of the 53rd ASEAN Economic Ministers’ Meeting this week. In this article, we detail the new trade progress made between ASEAN and its major trading allies. ASEAN-US ASEAN members received a large amount of anti-pandemic assistance from the United States such as for COVID-19 vaccines. Ventilators, and personal protective equipment. The US was the second-largest trade partner for ASEAN with a total trade of US$309 billion in 2020, an increase of 4.6 percent from the previous year. Further, the meeting also highlighted the ongoing progress in implementing several important initiatives such as the ASEAN-US Trade and Investment Framework Agreement (TIFA) and the US-ASEAN Expanded Economic Engagement (E3) ... » Learn More about ASEAN Trade Partners Meeting: Developments with the US, EU, Hong Kong, India and Russia
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
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
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
Good evening! Catch up on some of the main headlines on Thursday, Sept 16. No extension of NS deferment for national swimmers Joseph Schooling, Quah Zheng Wen: Mindef The enlistment process for Schooling and Quah recommenced from Aug 31, when their deferments ended. READ MORE HERE 90 reports of suspected adverse reactions to Sinovac Covid-19 vaccine in S'pore A total of 168,439 doses of the vaccine were administered in the same period. READ MORE HERE Avoid strenuous activity for 2 weeks after Covid-19 vaccine jabs, instead of 1 week, says expert panel Local and overseas data continue to show a small risk of developing myocarditis or pericarditis after vaccination. READ MORE HERE Elderly passenger who fell in SBS Transit bus dies after week-long struggle in hospital Mr Siah Keok Tiang suffered injuries to his head and multiple fractures. READ MORE HERE The Online Citizen taken offline, ahead of deadline set by IMDA after ... » Learn More about Evening Update: Today’s headlines from The Straits Times on Sept 16
Thai corporations are pushing forward carbon pricing as a cost-effective mechanism to facilitate lower carbon emissions to raise their environment, social and governance (ESG) performance and fulfil the country’s commitment under the Paris Agreement1 of cutting greenhouse gas emissions by one-fifth from the business-as-usual level within a decade. In this respect, the recently launched “Thailand Carbon Neutral Network” (TCNN) aims to build the capacity of members to participate in the carbon credit market which incentivise businesses to fight the climate crisis with investment in green technology such as energy efficiency enhancement, renewable energy and waste management, and support tree planting and forest conservation. One of TCNN’s core missions is to accelerate local businesses’ engagement in the Thailand Carbon Credit Exchange Platform, co-developed by the Thailand Greenhouse Gas Management Organization (TGO) and the Federation of Thai Industries in 2015. The platform ... » Learn More about CARBON PRICING: KEY DRIVER OF GREEN ECONOMY
Property prices really have gone up across all segments, even the extreme luxury end. Good class bungalows (GCBs) have been all the rage in 2021: From $144 million worth in transactions in 48 hours (in July), to news of tech billionaires developing a penchant for these. There’s also a good likelihood that, with Covid-19 continuing to wreak havoc, the GCB trend will be ongoing for quite a while longer. Here’s what’s happening: GCB transaction volumes are close to the last highs of 2010 The last peak for GCBs was in 2010, when transactions totalled $1.85 billion , with around 101 transactions. By comparison, the first half of 2021 alone saw about $2.05 billion in transactions, with 68 transactions. The contrast is even sharper, between 2020 and 2021. Last year, total GCB transactions only reached around $415.8 million, with 21 transactions. On a year-on-year basis (January to August), GCB prices averaged $1,391 psf in 2021, but have since jumped to about $1,713 psf. The ... » Learn More about Why are Good Class Bungalows (GCBs) headed for a record high in 2021?
Amid the backdrop of rising HDB prices, one fact has begun to stand out: resale flats in non-mature estates have to “narrow the gap”. One of the transaction records for non-mature flats, in March 2021 was in Punggol; this was when a five-room flat sold for $910,000. In fact, there have been 41 transactions in non-mature estates this year, that have gone beyond $800,000. Here’s a look at what’s going on: Town Flat Type Size Model Lease Commenced Price Punggol Five room 147 Premium Apartment Loft 2012 $910,000 Hougang Executive 138 Apartment 1997 $892,888 Choa Chu Kang Executive 182 Premium Maisonette 1998 $890,000 Hougang Executive 135 Apartment 1997 $888,000 Hougang Executive 146 Maisonette 1992 $885,000 Bukit Batok Executive 165 Maisonette 1997 $880,000 Hougang Executive 156 Maisonette 1992 $880,000 Bukit Batok Executive 165 Maisonette 1997 ... » Learn More about Will we see million-dollar HDB flats in non-mature estates soon?