No New Tax Measures from the Philippines for President Aquino’s Final Year
According to recent statements from the Philippine government, the country will not be introducing any major new tax measures during President Benigno Aquino’s final year in office. However, the government will continue to search for efficiencies in the areas of tax administration and collection in order to boost tax receipts.
Norway Enters into Formal Partnership with ASEAN
Norway has become the first European country to enter into a formal partnership with the ASEAN trading bloc. The northern European country has been accepted as a Sectoral Dialogue Partner, a move that was announced at the recent ASEAN meeting in Kuala Lumpur.The ASEAN free trade area includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
ASEAN Regulatory Brief: FATCA, GST, and a New DTA Protocol
In this ASEAN Regulatory Brief, we look at some of the important regulatory changes taking place in Singapore, Malaysia, and Indonesia during the second half of August.
The Future of ASEAN-India Trade Looks Bright
Trade between ASEAN and India has seen strong growth over recent years. In 2014, total trade amounted to US$77 billion, a significant increase over the US$44 billion seen during 2009-10. Over the past decade, bilateral trade has increased at an average annual rate of a blistering 23 percent.
UK Prime Minister Cameron’s ASEAN Trip Reflects Growing Trade Links and Opportunities
Last week, David Cameron capped off a five day long tour of South East Asia to discuss trade with the UK. The region, which has outpaced global growth by over two percent over the past two decades, is attractive to UK businesses seeking markets beyond the EU.
ASEAN Regulatory Brief: CIT e-Filing, GST, Relaxed Investment Regulations, and Adjusted Reference Prices for Imports
In this ASEAN Regulatory Brief, we look at some of the important regulatory changes taking place in Singapore, Malaysia, Indonesia, and Thailand during the month of August.
Grounds for Investment: Opportunities in Southeast Asia’s Coffee Industry
Southeast Asia has an ideal climate for coffee cultivation. While Vietnam has traditionally led the way for coffee production in ASEAN, other countries in the ten-nation bloc are steadily growing as coffee exporting nations. In this article, we provide an overview of the coffee industry in these countries.
State by State: ASEAN and Arizona Trade
Arizona has a near US$2billion export trade business with the ASEAN nations, representing about 6 percent of the state’s total exports. These support some 11,896 American jobs in Arizona. Learn about Arizona’s present and future trade prospects with the Association of Southeast Asian Nations.
The Philippines Signs IGA on FATCA with the United States
On July 15, the Philippines entered into an Intergovernmental Agreement (IGA) on tax information sharing with the United States in order to comply with the U.S. Foreign Account Tax Compliance Act (FATCA).
Assessing Foreign Investment Prospects in ASEAN Through the Business Optimism Index
In recent years, ASEAN has become a hotbed for foreign investment. In 2014, ASEAN member states combined for over US$2.3 trillion in total GDP. Each ASEAN nation, however, present their own unique advantages and challenges for foreign investment. The ASEAN Business Optimism Index, released each quarter by Dun & Bradstreet, provides in-depth insight into business sentiment for the quarter ahead as measured by sales volume, net profit, selling price, new orders, inventory, and employment across sectors and industries.