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
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Follow us on Telegram for the latest updates: https://t.me/mothershipsg Bangkok will accept fully vaccinated international tourists from Oct. 15, a two-week delay from the initial reopening date slated for Oct. 1. This followed a discussion between the Thai minister for tourism Phiphat Ratchakitprakarn and Bangkok governor Aswin Kwanmuang on Sep. 15 regarding Bangkok's readiness to accept tourists, the Bangkok Post reported. Ratchakitprakarn said that the delay was to give time for Bangkok residents to achieve 70 per cent vaccination coverage. As of now, only 37 per cent of the population is fully vaccinated, while 33 per cent are waiting for the second shot of the AstraZeneca vaccine. The minister also pledged to bring at least one million international tourists to Bangkok this year, Bangkok Post added. More cities in the pipeline Besides Bangkok, the report added that other tourist destinations such as Pattaya, Chiang Mai, Hua Hin and Cha-am are also ... » Learn More about International tourists can visit Bangkok from Oct. 15, 2021
The Citi PremierMiles Card has been in the spotlight for the longest time: It’s considered one of the most popular Citibank credit cards, and once upon a time, some even regarded it as the best miles credit card in Singapore. Why? Citi PremierMiles Card has one of the best sign-up bonuses in town. Earning miles on an air miles credit card takes a painfully long time, and one way to work around that is to get a credit card with a big sign-up bonus so you can get a sizeable bump in your miles. Is the Citi PremierMiles still worth getting? Let’s find out. Citi PremierMiles Card essential information Citi PremierMiles Card Annual fee $192.60 Supplementary annual fee Complimentary Interest-free period 25 days Annual interest rate 26.90 per cent Late payment fee $100 Minimum monthly repayment one per cent or $50, whichever is higher Foreign currency transaction fee 3.25 per cent Cash advance ... » Learn More about Citi PremierMiles Card review: Is it really the best card for accumulating miles?
The International Criminal Court has green-lit an investigation into widespread killings in the Philippines, perpetrated under President Rodrigo Duterte’s violent anti-illegal drug campaign. The latest development comes a little over five years since Duterte’s flagship project started on a national scale, killing at least 6,181 suspected drug personalities in police operations alone, as of July 31. Human rights groups estimate the deaths to be between 27,000 and 30,000 to include victims of extrajudicial killings. ICC pre-trial chamber on Wednesday, September 15, said there is reasonable basis for Prosecutor Karim Khan to start an investigation “in the sense that the crime against humanity of murder appears to have been committed, and that potential case(s) arising from such investigation appear to fall within the Court’s jurisdiction.” What else did it say about the Duterte war on drugs? Rappler distills the 45-page decision into the 10 main observations ... » Learn More about Killing as state policy: 10 things the ICC says about Duterte’s drug war
On November 12, 2017, the Association of Southeast Asian Nations (ASEAN) and Hong Kong Special Administrative Region (SAR) of China signed a free trade and investment pact to strengthen economic cooperation between the two regions and stimulate economic development. The two agreements, the ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA) and the ASEAN-Hong Kong Investment Agreement (AHKIA), were signed at the 31st ASEAN Summit in Manila and will come into force on January 1, 2019. Chris Devonshire-Ellis of Dezan Shira & Associates comments: “This FTA brings Hong Kong into parity with mainland China which has had an FTA with ASEAN for several years. Hong Kong’s unique mix of China and Asian focused financial services and regional service support are a great mix with ASEAN’s overall reach and this agreement provides a much needed boost to Hong Kong’s overall attractiveness as an investment destination for Asia.” Strong trade links between Hong Kong and ASEAN Hong ... » Learn More about ASEAN-Hong Kong Free Trade Agreement Signed – ASEAN Business News
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
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
AS Langkawi reopens its doors to local visitors from today, hotels and airlines are cashing in on the buzz by slashing their prices. The travel bubble has seen a surge in demand for flight tickets and hotel rooms. Kedah/Perlis Malaysian Association of Hotels chairman Eugene Dass said value-added packages providing late checkout or complimentary breakfast were being offered to attract guests. “Hotels are receiving an increase in reservations by 40% to 45% the past week, mostly from those travelling from Kuala Lumpur,” he said. Eugene reminded that holidaymakers travelling by land must show proof of documents such as tour package receipts to the police when applying for travel permits and when requested by enforcement agencies’ personnel. “Those flying there do not have to apply for permits from the police,” he saId. Tourism Malaysia northern region acting director M. Yoganthiran said the tourism sector in Langkawi was set to bloom after a long wait to reopen. “Langkawi is ... » Learn More about Langkawi, here we come!