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Vietnam: New guidelines on incentives for investments at industrial or economic zones

In August, the Ministry of Finance issued Circular No. 43/2019/TT-BTC (“the Circular”), passing new guidelines on incentives for investments at industrial or economic zones stated in Decree No. 82/2018 / ND-CP. The reform took effect on August 26, 2019. The Circular provides details on tax incentives for enterprises that have investment projects in Vietnam’s industrial and economic […]

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South-east Asia scoops up Golden Week tourists from China

SOUTH-EAST Asian stores are becoming more popular with tourists from mainland China during Golden Week festivities, according to Chinese e-wallet provider Alipay. Asean made up half of the top 10 destinations by transaction volume, during the week-long holiday that began with China’s National Day on Oct 1, compared with three in the year before. Newcomers […]

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Singapore condo, HDB rents slip in September: SRX

RENTAL prices in Singapore fell in September for both non-landed private homes and HDB flats as compared to August, though the rents increased on a year-on-year basis. This is according to SRX flash data released on Wednesday. Meanwhile, rental volumes fell for private condominiums, but rose for HDB flats on a month-on-month basis. Overall rents […]

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Indonesia Dominates ASEAN Ride-Hailing Sector

A report entitled “Swipe up and to the right: Southeast Asia’s $100billion internet economy”, compiled by Google, Temasek, and Bain & Company, cites Indonesia as the ‘king’ in the ride-hailing sector, or application-based transportation services, with the industry reaching US$6billion in 2019. This growth is a 6-fold increase in the market since 2015. “The ride-hailing […]

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Malaysia extends tax breaks to select firms, eyes investments

KUALA LUMPUR (Nikkei Markets) — Malaysia Tuesday extended tax benefits to companies seeking to establish their regional or global headquarters in the country as part of a broader push to attract investments and create high-skill jobs when a lingering U.S.-China trade war clouds exports prospects and has prompted several multinationals to re-look at their supply […]

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