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E-Commerce Retail Sales See Rapid Growth in ASEAN

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E-commerce is set to soar in Southeast Asia, as internet penetration in the region has reached a momentous turning point, according to a recent UBS report.

ASEAN-India Services and Investment FTA Inches Closer to Implementation

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The ASEAN-India Free Trade Agreement in Services and Investment is one step closer to implementation following approval by Thailand’s Ministry of Commerce to accept the terms outlined in the region-wide agreement.

Declaration Now Required on Transfer Pricing Documentation in Malaysia

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The Malaysian Internal Revenue Board now requires corporate taxpayers to declare whether they have prepared transfer pricing documentation while filing a tax return.

ASEAN’s Leading Manufacturing Destinations

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ASEAN manufacturers can be divided into those that have invested in mid- and high-tech manufacturing and those which are concentrated in low- or no-tech assembly. In this article, we look at ASEAN’s leading manufacturing destinations, including Singapore, Malaysia and Thailand.

Foreign Ministers Rekindle Interest in EU-ASEAN FTA

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Foreign ministers attending the 20th EU-ASEAN Ministerial Meeting in Brussels last week have raised the possibility of resuming negotiations for an EU-ASEAN free trade agreement once the ASEAN Economic Community comes into effect at the end of 2015.

August 2014 ASEAN Regional Meetings

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There are a number of important ASEAN regional meetings taking place in August, including the 46th ASEAN Economic Ministers Meeting, the RCEP Ministers Meeting and the ASEAN-Hong Kong Free Trade Agreement Trade Negotiation Committee Meeting.

Singapore Promotes Green Energy Research and Development

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The Singaporean government announced this morning that it has pledged US$80 million to fund two new research and development R&D initiatives within the energy sector.

Indonesia’s Election Results Boost Economic Optimism

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Joko Widodo, the former governor of Jakarta, was declared the next president of Indonesia last week, leaving foreign investors optimistic about the country’s economic prospects and triggering a favorable reaction from the rupiah.

Singapore Strengthens Investor Protections

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The Monetary Authority of Singapore (MAS) has proposed new measures to improve investor protection, including extending current regulatory safeguards to cover non-conventional investment products and making it mandatory for all investment products to be rated according to their complexity and risk.

China-ASEAN Trade Sees Strong Growth in First Half of 2014

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Trade between China and the ASEAN nations reached US$220.69 billion in the first half of 2014, an increase of 4.8 percent compared with the same period last year, China’s Ministry of Commerce announced this week.

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