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Growth in Indonesia’s Tourism Sector Outpaces Other G20 Members

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Indonesia’s tourism industry is the fastest growing among the G20 nations, contributing nearly 10 percent to the country’s GDP last year.

The New U.S.-ASEAN Business Alliance for Competitive SMEs

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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.

Indonesians Prepare to Vote in National Elections

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On April 9, Indonesians will vote in the fourth round of national legislative elections since the fall of Suharto’s New Order in 1998.

New Issue of Asia Briefing: The Gateway to ASEAN: Singapore Holding Companies

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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.

Singapore Trade Confidence Reaches a Two-Year High

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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.

Philippines Tax Department Considers Lowering Taxes

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The Philippines’ Bureau of Internal Revenue (BIR) Commissioner, Kim Henares, explained in an interview with ABS-CBN News Channel last Thursday that the BIR is considering draft proposals that will lower personal income taxes by 2015.

Singapore To Be Asia’s Ultra-Wealthy City Of Choice

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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.

Thailand’s Political Crisis Makes Indonesia and the Philippines More Attractive for Foreign Investors

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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.

March 2014 ASEAN Regional Meetings

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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 Doubles Its Indonesian Engine Manufacturing Capacity

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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.

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