Aug. 2 – Earlier this week, at the inaugural lecture of the ASEAN-India Centre in New Delhi, Singapore’s Foreign Minister K Shanmugam pushed for a deeper relationship between ASEAN and India so as to further expand tourism and business opportunities between the two regions. Specifically, in addition to the services and investment free trade agreement[…..]
There are a number of important meetings being held in August, including a series of meetings for ASEAN Economic Ministers and Defense Ministers. The key meetings of note for our readers are as follows.
Jul. 31 – ASEAN will outperform other Asia-Pacific economies next year as China’s growth slows, according to a report issued by Standard & Poor’s (S&P) this week. In their report titled “Credit Conditions: Increased China Downside Risk Dampens Asia’s Growth,” S&P lowered their forecast for year-end growth in Asia-Pacific from 5.5 percent to 5.3 percent.[…..]
Jul. 26 – Mauritius, long the largest sender of foreign direct investment into India thanks to a loophole in its tax treaty which allows Mauritius-based holding companies to offset capital gains taxes (CGT), is finally looking to close this loophole following pressure from the Indian government. The Indian government has estimated that over US$74 billion[…..]
Jul. 23 – According to Hong Kong Secretary for Commerce and Economic Development Gregory So, the 10-nation ASEAN bloc and Hong Kong are expected to begin negotiations for a free trade agreement (FTA). This agreement would rapidly expand the volume of trade and investment between the two sides. Currently in the preparatory stage, the agreement[…..]
Jul. 19 – The ASEAN nations have recently agreed to better monitor the burning of jungles throughout the region – especially in Indonesia and Malaysia – by way of a newly signed agreement after thick smoke has clouded parts of Singapore for much of the past month. The agreement allows for the better dissemination of monitoring[…..]
Jul. 18 – Myanmar is currently working to pass a new securities law bill recently introduced to its lower house of parliament and, as a result, the country is now shooting to have its own stock exchange by the end of this year. The stock exchange will be established shortly after the bill – entitled[…..]
Tourism appears to be the next key developmental sector for the Association of Southeast Asian Nations (ASEAN), as it strives to further enhance and integrate the bloc’s regional economies and trade and investment flows.
Jul. 12 – Mongolia was in attendance at last week’s 20th ASEAN Regional Forum (ARF) – entitled the “Asia Regional Forum” – which was held in Bandar Seri Begawan, the capital city of Brunei. Brunei is the current chair of the 10-state Southeast Asian trade bloc. The forum detailed not just ASEAN-related issues, but also held[…..]
Jul. 11 – Growing demand in ASEAN for dairy products presents an immense opportunity for dairy product exporters, a void which many Australian dairy producers have been trying to fill. Notably, demand has grown fastest among the ASEAN-6 – which is comprised of Indonesia, Thailand, Malaysia, Singapore, the Philippines and Vietnam – thanks to their[…..]