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Impact of RCEP on Malaysia: Gain or pain?

FOLLOWING the signing of the Regional Comprehensive Economic Partnership (RCEP), doors will soon open to attract more investments and swell Malaysia’s trade with partnering countries. Almost 60% of Malaysia’s trade involve RCEP members and around 56% of Malaysia’s exports go towards the countries covered by the RCEP, given that Asean’s 10 members are Malaysia’s top […]

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Philippines: Ecozone firms get tax perks for COVID-19 costs

MANILA, Philippines — Ecozone locators will now be able to avail of the five percent gross income tax incentive to include COVID-related expenses as direct costs to maintain operations during the quarantine period. In a statement yesterday, the Philippine Economic Zone Authority (PEZA) said the Bureau of Internal Revenue (BIR) has approved the assistance being […]

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Thailand: Hotel groups push for tourists, finance

Leading hotel groups in Thailand are urging the government to speed up the reopening process for tourists and provide additional financial measures to offset the shortfall of inbound tourists before they collapse. Accessible financial measures for operators of every size will help protect the industry and maintain jobs while the country waits for reopening mechanisms, […]

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Singapore biomedical, professional services firms to gain from new tie-ups with China’s Jiangsu province

SINGAPORE – A new centre has been launched in the China-Singapore Suzhou Industrial Park (SIP), providing more opportunities for biomedical firms in Singapore to expand into the Chinese market. The Agency for Science, Technology and Research (A*Star) and SIP launched the A*Star Partners’ Centre virtually on Wednesday (Nov 18). The centre aims to help Singapore […]

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Laos: Vientiane Markets and Malls Move to Reduce Plastic

Seven shopping centers and two markets in Vientiane Capital have agreed to reduce their reliance on single-use plastic under a plan expected to commence next year. Lao Post reports that the project will see reduced plastic consumption and a ban on plastic bags at participating shopping centers and markets. Acting Head of Vientiane Capital Natural Resource and […]

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