Published in China News on 09.12.2020
In order to sell products commercially on the Chinese market, many products require mandatory CCC certification.
The requirement and the certification itself are comparable with the CE marking in the European Economic Area (EEA), both certifications indicate that the product fulfills all health and safety requirements.
Published in ASEAN News on 25.11.2020
The four least economically developed countries in South West Asia are Cambodia, Myanmar and Laos. Until now also Brunei is seen as one of the economically less important countries in the region.
Published in ASEAN News on 16.11.2020
When the state of Singapore was expelled from the Malaysian Federation in 1965, the former English crown colony was confronted with major problems such as mass unemployment, shortage of housing, arable land and raw materials. It is mainly thanks to the Dutch economist Albert Winsemius, who in cooperation with the state government, brought about Singapore's steep economic rise.
Today, Singapore is one of Asia's most important financial centers and trans-shipment centers for goods, as well as a member of the Commonwealth of Nations and the Association of Southeast Asian Nations (ASEAN). As a country with a decidedly liberal economic policy, excellent infrastructure and low taxes, it attracts many foreign investments and a skilled workforce, which further drives the innovative and dynamic economy.
Published on 13.11.2020
The Philippine economy shows a clear disparity: a modern electronics industry and a booming service sector on the one hand, and poverty and subsistence agriculture on the other. In addition, there is a developmental inequality between Greater Manila ("National Capital Region" / NCR), which in many places reflects the level of development of an emerging country, and the economically more backward provinces and remote islands.
Published on 04.11.2020
The budget for 2021, approved by the Malaysian government on November 1, provides, like the previous ones, for many tax incentives and the provision of monetary grants to companies. Malaysia's goal is to attract more foreign investors in manufacturing, high technology and high value-added industries.
Published in ASEAN News on 29.10.2020
As a result of the trade war between the USA and China, which has been ongoing since the beginning of 2018, rising production costs, a volatile money market and long-standing economic restrictions, more and more companies are deciding to relocate all or part of their production to southwest Asia - to the ASEAN region.
This week we will focus on Indonesia.
Published in ASEAN News on 28.10.2020
In our ASEAN series for possible alternative locations for diversified Asian business, this time we present Vietnam as a location.
Published in ASEAN News on 28.10.2020
In our series of possible alternative locations for diversified Asian business, we present different countries and their different approaches to offer a range of incentive packages designed to attract companies affected by the trade war between the US and China. On a weekly basis, we consolidate the development of the incentives of the individual countries and discuss them briefly. The developments show how the ASEAN members differ and what opportunities are available to investors seeking locations elsewhere in Asia.
Published in ASEAN News on 13.05.2020
The global pandemic is currently still ongoing. In Thailand, Malaysia and Singapore in the ASEAN region, however, the number of cases is already declining. This allows the possibility for an economic outlook.
Published in Hong Kong News on 08.05.2020
The Hong Kong government has put together a massive aid package to cushion the impact of the crisis on businesses and individuals. A core element is the support of salary payments from companies to retain jobs.
Published in Hong Kong News on 14.04.2020
In Hong Kong, as in many other parts of the region, the COVID-19 pandemic is slowing down. This provides the opportunity to address the economic consequences .
Due to the economic impact of the global shutdown, the Hong Kong government has taken measures to stabilize the economic situation and established a Pandemic Response Fund to mitigate the negative effects of the corona crisis.
Published in China News on 31.03.2020
The COVID-19 pandemic has hit the business world in an unprecedented scale and speed. It has caused the closures of business, the stoppage of factory outputs, and the disruption to global manufacturing industries and their supply networks.
Published in ASEAN News on 29.10.2019
The EU-ASEAN Workshop on Intelligent Transport Systems (ITS) took place in Singapore on 24-25 October, hosted by the Ministry of Transport and Land Transport Authority of Singapore.
The event was jointly opened by Mr. Henrik Hololei, Director-General for European Commission Directorate General for Mobility and Transport and Mr. Yap Ong Heng, Senior Adviser, Ministry of Transport of Singapore while Secretary-General of International Transport Forum Young Tae Kim delivered a key note speech.
Published in Hong Kong News on 13.09.2019
A poll of 55 US and European companies with operations in Hong Kong indicated that optimism is rising with regard to the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) development, despite the escalating trade dispute between the US and mainland China.
Published in China News on 14.08.2019
China’s economic growth is moderating and is projected to be 6.2 percent in 2019. In its latest annual assessment of China’s economy, the IMF found the quality of growth had improved in three ways in 2018. First, the pace of debt accumulation had slowed. Second, the financial system is better regulated and supervised. Finally, the current account surplus is no longer excessive. But trade tensions cloud the outlook, and reforms need to deepen if this progress is to be continued.
