Innovate, Elevate, Accelerate
With one of the highest level of income per capita in Southeast Asia, Malaysia has expanded its real estate sector to provide housing, office and commercial properties to a growing middle class. The largest urban areas have attracted most investments, but recent economic and political change modify the property landscape.
Taxes in Laos are among the lowest in the region: a low corporate income tax, a low progressive income tax and a low VAT make the country attractive for business. The Lao taxation system is quite simple and straightforward to encourage investment in the country and help develop its burgeoning economy.
Singapore’s Straits Times index – the main stock index of Singapore – is composed of the 30 largest public listed companies which greatly influence the economy of Red Dot, Southeast Asia, and the world. The following list presents these economic heavyweights and their activities, together with useful links.
Through e-commerce, online travel booking or media, digital business is currently attracting a lot of interest in Southeast Asia. Set to grow to a total market size of US$ 200 Billion by 2025, the digital economy will expand through a host of startups that launch new technologies in the region’s most promising countries.
Though slightly above regional peers, taxes in the Philippines are rather low globally: low corporate income tax, low progressive income tax and and low VAT. Though the taxation system is rather simple, particular rates, formalities and methods of calculations have to be implemented to properly compute and declare taxes.
Urbanization is one of the major trends currently shaping Southeast Asian societies, cultures, economies, businesses and environments. Being on the verge of counting more than half of its population living in urban areas, ASEAN comprises some of the largest and some of the fastest growing cities of the world.
The automotive sector is a major driver of the Thai economy with strong infrastructures and a vast network of small and large, local and foreign companies all along the car-production supply chain. A large hub in ASEAN and Asia, the Thai automotive industry is gearing towards a green automotive production base.
Taxes in Vietnam are rather on the low side globally: a low corporate income tax, a progressive income tax and a low VAT make the country generally interesting for business. Some other taxes, special rates and methods of calculations also need to be taken into account in order to properly assess fiscal expenses.
In Southeast Asia, Singapore stands out as a place of modernity and delightful lifestyle experiences. To develop tourism, the Singaporean government communicates through its “Your Singapore” campaign, notably publishing videos that promote the country through a personal, creative and original approach.
Malaysia is one of the leading countries for tourism in Southeast Asia, with tens of millions of foreign visitors coming in the country every year. Through their spending, they bring billions of dollars into the economy and allow many businesses to prosper. These infographics illustrate some habits of international tourists.