In this week’s ASEAN Regulatory Brief, we discuss the issuance of new banking licenses in Myanmar, highlight rising minimum wages in Thailand, and analyze the impact of SME support in Brunei.
In this edition of ASEAN Market Watch we assess the impact of Malaysia’s FTA plans with Hong Kong and the RCEP, analyze the state of Auto production in Brunei, and highlight opening opportunities for aviation investment in Laos.
In this edition of ASEAN Regulatory Brief, ASEAN Briefing takes a closer look at Brunei’s new finance regulations, the US’s eased export restrictions for Myanmar, and a fight against corruption in Indonesia.
Brunei has acknowledged the need to diversify its economy away from its current focus on oil and gas industries, particularly with the ASEAN Economic Community soon to be implemented. As such, the government is attempting to foster the creation of new core industries and attract greater foreign investment. The governmental plan “Vision 2035” is part of the official attempt to create a more attractive business environment by developing a stable and economic climate in the country.
Aug. 22 – The 45th Association of Southeast Asian Nations (ASEAN) Economic Ministers Meeting (AEMM) was held in Brunei this past Monday. Upon arrival the ASEAN ministers held a joint press conference at which they expressed their happiness about the strong economic performance and resilience of ASEAN in 2012. Specifically, the ministers noted that all[…..]
The leaders of the ASEAN countries converged on Brunei Darussalam this week for the 22nd summit of the regional grouping. On top of the agenda was further facilitation of the economic integration process that aims to unite the countries in the ASEAN Economic Community by 2015.
An agreement amending the DTA between the United Kingdom and Brunei Darussalam has been signed in London.
By Alex Tangkilisan Feb. 27 – In the third part of our ASEAN-India Free Trade Area analysis, we will examine trade trends and statistics from India to Cambodia, Brunei, Laos and the Philippines. While the Philippines is part of the ASEAN six majors, Cambodia, Brunei and Laos are the three smallest economies in the region.[…..]
Mar. 29 – Hong Kong recently signed tax agreements with Brunei and the Netherlands for the avoidance of double taxation and the prevention of fiscal evasion of income tax. The deals come at the urging of the Organization for Economic Cooperation and Development, which has asked China’s Special Administrative Region to incorporate a more transparent[…..]
We will be operating this article as a running live update service to keep businesses in the ASEAN region informed with regards to the coronavirus.