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The US-China Trade Deal: Why it Matters for Businesses

The ongoing trade tensions between US and China, two of the world’s most powerful economies,  have affected the global trade landscape and changed the way businesses operate. The tariffs on goods have affected business owners as profits dwindled and losses extended with the diversion of trade to other countries in the absence of Chinese exports to …

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Singapore’s Tax Incentives for Foreign Tech Companies

The trade conflict between the United States (US) and China caused headwinds in the global market. Companies have been shifting production from China to Southeast Asia to avoid high tariffs. Import duties on products can even go up to 42.6% [BBC]. Despite the fluctuations in the global economy, Singapore remains resilient from the adverse effects …

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Guide to Singapore's FinTech Sandboxes for Financial Service Providers

SINGAPORE – Financial technology (FinTech) can be the key in pushing a country’s banking industry to the forefront of innovation. The government recognizes that and is readying Singapore in its metamorphosis into a smart financial centre. Considering Singapore’s incessant pursuit of new heights in the financial services industry, relevant regulatory authorities frequently updates its policies …

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Top 3 Startup Business Ideas for Thailand’s Cashless Economy

Thailand 4.0 is one of the most lucrative ventures in the country. This large-scale government project aims to transform the nation into the centre of trade and technological development in the ASEAN. And, one of the primary points of the project is to implement a nation-wide cashless payment system [Nation Multimedia].

Are Neobanks Threatening Australia’s Traditional Banking System?

Mobile-only challenger banks – Neobanks – will fundamentally disrupt Australia’s traditional banking oligopoly if the four pillars remain status quo It is likely that the four pillars policy (includes Commonwealth Bank of Australia, ANZ, National Australia Bank and Westpac) has contributed to the problem of an overly-concentrated banking system in Australia, which is also attested …

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Enhancement to Tax Incentives for Funds in Singapore 

SINGAPORE – Building on the momentum from the Singapore government’s announcement on the Singapore Variable Capital Company (S-VACC) framework to further strengthen the country as an asset management and funds domicile hub in the previous year, the recent boost to tax incentives for funds has been viewed as the country’s concerted efforts to support its …

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Understanding Indonesia's 2019 Economy for a Successful Company Formation

Expansion of investments in public infrastructure, bilateral free trade agreements, competitive FDI incentives are some of the strategies implemented by the Indonesia government. Despite global headwinds, these methods were proven effective since the country’s economic growth rate is up by 5.18% in the Q4 of 2018. However, this year may be quite a challenge for …

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China’s Economic Slowdown Effect: Rising Indonesian Markets

For over three decades, China has boasted a robust and upwards economy. It is currently the second largest economy next to the United States of America [CNBC]. Its economy was primarily supported by the country’s competitive labour, production and, manufacturing costs. But, In recent years, the country’s economic growth has slowed down. What contributed the …

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