ASEAN Briefing News

Singapore and Malaysia Plan Joint Special Economic Zone in Johor State

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Singapore and Malaysia are partnering to create a special economic zone in Malaysia’s Johor state, adjacent to the Singaporean border.

Thailand Scaled-Down Subsidy Program Continues Backing for Locally Produced EVs

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Thailand has extended its subsidy scheme promoting the purchase of domestically manufactured electric vehicles, albeit at revised rates. Chinese automakers BYD and Changan Automobile are the latest to plan local production, targeting this growing market.

Singapore to Amend Free Trade Zones Act, Strengthening Powers to Tackle Illegal Trade

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Singapore’s Parliament has proposed a bill to amend the 1966 Free Trade Zones (FTZ) Act and make related changes to the 1960 Customs Act.

Indonesia Market Prospects for EV Sales and Manufacturing

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We discuss prospects for foreign investors in the Indonesia market for electric vehicles, supported by enabling government policies and raw material supplies.

Cambodia Increases Minimum Wage for Garment, Footwear, Travel Product Sectors for 2024

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Cambodia’s vital GFT industries, encompassing garments, footwear, and textiles, are set for a minimum wage increase in 2024. We’ve observed adjustments in minimum wages for various worker categories, including regular, probationary, and piece-rate employees.

Investing in Indonesia: The 2023 Mid-Year Investment Report

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In this H1 2023 Indonesia investment report, we discuss the performance of standout sectors and highlight areas ripe for foreign capital infusion, business development, and trade expansion.

Singapore-Australia Trade and Investment: A Strategic Review

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We discuss the dynamics of Singapore-Australia trade and investment, covering mineral fuels and oil, property, and emerging sectors like the digital economy and the green transition across multiple industries.

Laos Launches Digital Currency Trial

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Laos has successfully trialed a digital currency prototype—the Digital Lao Kip—in cooperation with Japanese fintech company SORAMITSU.

Indonesia-Iran Preferential Trade Agreement: Unlocking Investment Prospects

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Indonesia and Iran signed a preferential trade agreement (PTA) on May 23, 2023, with the aim to increase trade and strengthen diplomatic relations.

Singapore to Introduce Revised Tax Incentives for Family Offices

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Singapore’s central bank is set to introduce revised tax incentives and requirements for single family offices (SFO) to achieve key goals.

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