Indonesia’s tourism industry is the fastest growing among the G20 nations, contributing nearly 10 percent to the country’s GDP last year.
The newly created U.S.-ASEAN Business Alliance for Competitive Small and Medium Sized Enterprises will foster the development of SMEs and increase their competitiveness in the markets of the ASEAN region and beyond.
On April 9, Indonesians will vote in the fourth round of national legislative elections since the fall of Suharto’s New Order in 1998.
In the newest issue of Asia Briefing Magazine, we highlight and explore Singapore’s position as a holding company location for outbound investment, most notably for companies seeking to enter ASEAN and other emerging markets in Asia.
A twice-yearly survey conducted by HSBC showed that exporters in Singapore were optimistic about trading conditions in the coming months, with its Trade Confidence Index reaching a two-year high of 115. This is up 10 points from the previous survey covering the first half of 2013.
Last week, Singapore’s Infocomm Development Authority (IDA) announced it would invest in three new measures to support technology startups: a startup accelerator, an accreditation program and a fabrication lab.
Singapore is set to become the world’s second wealthiest city by 2023, behind London, according to property advisory company Knight Frank LLP’s 2014 Wealth Report.
The protracted political crisis in Thailand has understandably unnerved foreign investors, who see no end in sight for the political stalemate. Meanwhile, Indonesia and the Philippines have become very attractive alternatives for investors considering pulling their investments out of Thailand.
There are a number of important ASEAN regional meetings taking place in March, including the Senior Economic Officials Meeting and the ASEAN – Australia – New Zealand FTA Economic Committee meeting.
Toyota has begun construction of a new US$198 million automotive engine manufacturing plant in Karawang, West Java, which, when completed in 2016, will more than double the company’s current production in Indonesia.