Empowering business in Southeast Asia
The growing exposure and recognition of Southeast Asian art is creating a new dynamism in the art market of Singapore and the region. As more interest bring more money into the market, a new virtuous circle benefits all the actors of the art scene: artists, collectors, galleries, museums and amateurs.
With a mix of emerging and mature segments in the entertainment and media landscape of Malaysia, the industry is experiencing a shift in consumers’ habits and advertising spending. The rise of Internet and digital media brings challenges to the dominant newspapers and TV but also opportunities to seize.
The 30 largest corporations of the Philippines weigh very heavily in the country’s economy, and further, in Southeast Asia and the world. Together forming the PSEi index, the main stock index of the country, they have been regrouped in this handy list that presents each company and its activities, together with useful links.
Cambodia is a business-friendly country, with a progressive but low income tax, a low corporate income tax and low equivalent to VAT which make it attractive for work and business. Other taxes are also in the lower range, further enabling professionals and companies to consider Cambodia for their operations.
Southeast Asia is a critical market for the global energy sector with an important production of fossil fuels and a rapidly growing consumption of fossil fuels and electricity. At a challenging time for energy and global growth, the integration of power in ASEAN could also bring new opportunities for the region.
Indonesians, especially the younger generation, are becoming very fond of sweet pastries like donuts. To benefit from this shift towards more leisure and going out with friends, local and foreign companies are rushing to grab their share of the new “café culture” in the country’s large young population.
To enhance the development of strategic industries in Thailand’s different regions, the Thai authorities have launched a series of policies to attract target businesses. With clusters for several sectors and throughout the country, incentives have been planned to promote industries in areas that present specific advantages.
The transition of Vietnam to an emerging market economy goes along several changes in habits and income of its population. With increasing spending, modernization of medical practices, improvement of the healthcare system and the development of technologies, numerous opportunities arise in the Vietnamese healthcare sector.
With the development of its economy and wealth, Southeast Asia is gradually becoming a destination of choice for luxury tourism. Certain venues, attractions and places are already standing out as regional icons for companies and professionals creating new trends and setting new standards in the luxury travel experience.
Taxes in Singapore are part of what makes it one of the best places to do business. With a simple and clear system of low corporate tax, personal income and goods and services tax (VAT), Singapore is attractive for most businesses. Several schemes further alleviate taxes for companies, fostering the pro-business environment even further.