BUSINESS OPPORTUNITIES 10 DECEMBER 2009
|
|
- Darren Reeves
- 5 years ago
- Views:
Transcription
1 BUSINESS OPPORTUNITIES IN BRUNEI DARUSSALAM 10 DECEMBER 2009
2 TODAY S AGENDA I Brunei in Brief II Business Opportunities III Value Propositions
3 Land Size : 5765 sq km Population : 409,200 (2009) Capital : Bandar Seri Begawan Religion: Muslim Majority ABOUT BRUNEI Currency : Brunei Dollar (par to Singapore Dollar) Language : Malay, English, Chinese Legal System of Commerce: British Common Law Adult Literacy Rate (HDI 2009) 94.9 % Macroeconomic stability (GCR, World Economic Forum, ) #1 out of 134 No History of Natural Disasters
4 POLITICAL STABILITY UNDER MONARCHY His Majesty Sultan Haji Hassanal Bolkiah is the 29th ruler in an unbroken chain since the 15th Century
5 66% of population is Muslim STRONG ISLAMIC HERITAGE
6 58% of Brunei s total land is reserved for conservation EXTRAORDINARY BIODIVERSITY
7 ABUNDANT CAPACITY SEA ME WE 3 80% of Brunei s bandwidth is under utilised Asia America Gateway
8 OVERVIEW OF BRUNEI S ECONOMY GDP (2008) : U$13.2bil GDP per head (2008) : U$33,200 GDP composition (2006) Oil& Gas : 68.5% Government services : 11.0% Private : 20.4% Average GDP growth ( ) : 2.3% Average Inflation ( ) : 0.2% GDP growth forecast (2009) : 1.2% -3.2% Crude oil exports (2007) : 63 million barrels LNG exports (2007) : 6.7 million MT
9 STRONG OIL & GAS INDUSTRY Economy is dominated by oil and gas since its discovery in 1929 Garments 2% LNG 45% Crude Oil 53% Exports (2008) 1920s 1930s 1940s 1950s 1960s 1970s 1980s 1990s 2000s 1929 Oil discovery at Seriaby Shell 1931 Brunei s first exports 1963 First offshore oilfield discovered 1971 Mitsubishi Corp. commence operations 1972 BLNG commence LNG Production 1982 Seria Crude Oil Refinery started operations 1986 TOTAL commence operations 2001 Formation of Brunei National Petroleum Company 2002 Award of Block J & K 2006 Award of Block L & M 2010 Methanol plant commence production
10 EXPLORATION AND PRODUCTION (E&P) BLOCK J (2002) Total BHP Billiton Amerada Hess BLOCK K (2002) Shell ConocoPhillips Mitsubishi Corporation BLOCK L (2006) Nations Petroleum Loon Brunei (Loon) QAF Brunei (QAF) BLOCK M (2006) Tap Energy (Borneo) Triton Borneo China Sino Oil Jana Corporation
11 ABOUT THE BEDB REPORTING LINE Established by His Majesty, The Sultan Mission To contribute to Brunei Darussalam s Success As a Land of Opportunity for its People and all investors Strategy To work with foreign and domestic investors to develop new economic opportunities where Brunei has competitive advantage HIS MAJESTY SULTAN HAJI HASSANAL BOLKIAH SULTAN AND YANG DI-PERTUAN OF BRUNEI DARUSSALAM HIS ROYAL HIGHNESS PRINCE MOHAMED BOLKIAH CHAIRMAN & BOARD CHIEF EXECUTIVE OFFICER
12 TODAY S AGENDA I Brunei in Brief II Business Opportunities III Value Propositions
13 BUSINESS OPPORTUNITIES Extending The Oil & Gas Value Chain Building On Brunei s Biodiversity Leveraging On The Islamic Brand Petrochemicals Alternative Energy Halal Processing Hub Financial Services Integrated Petrochemical Refinery Aquaculture Port & Logistics Key Enablers InfoComms Technology Crude Oil / Chemical Storage Eco-Tourism Aviation Education
14 WORLD CLASS PETROCHEMICAL HUB Land Area: 271 ha
15 WORLD CLASS PETROCHEMICAL HUB Brunei Methanol Company Mitsubishi Gas Chemicals (Japan) Petroleum Brunei (Brunei) ITOCHU Corporation (Japan) Start Operation: Early 2010 Methanol Export Facility Single Point Mooring & Subsea Pipeline System (13.8 km) Start Operation: Early 2010 NEW OPPORTUNITIES Methanol Derivatives Gas-Based Petrochemicals Supporting Industries: Industrial Gases, Industrial Waste Management Independent Power Plant Common Utilities: Industrial Water Treatment, Common Jetty
16 DYNAMIC LOGISTICS AND MANUFACTURING HUB PMB Island Existing Port
17 DYNAMIC LOGISTICS AND MANUFACTURING HUB Current Size:950 ha After Reclamation: Approx ha Existing Port Aquaculture 2008 SelectedPort Operator, ICTSI (Philippines) & Master Planner, Surbana-GMAPS (Singapore) 2009 Submit Master Plan for Approval 2010 Tender fordredging, Reclamation, Bridge, Infrastructure New Urban Area Bridge Biz Park Industry Logistics Industrial Jetties Port Industry 2012 Port commence operations NEW OPPORTUNITIES Manufacturing / Export Processing Industries Integrated Petrochemical Refinery Oil & Chemical Storage Residential Development Commercial Development Infrastructure Works: Bridge, Utilities, Jetties
18 1. Untapped Islamic Market HALAL MANUFACTURING OBTAINING BRUNEI HALAL CERTIFICATION 2. Brunei s Credibility is Recognised In The Islamic World 3. Commitment From Brunei Government Halal Label from Brunei LEAD AGENCIES IN DEVELOPMENT OF HALAL INDUSTRY Ministry of Religious Affairs Ministry of Industry & Primary Resources Ministry of Health Brunei Economic Development Board
19 HALAL MANUFACTURING OBTAINING BRUNEI HALAL CERTIFICATION Development of Halal Standards in Brunei Phase 1 Food Standards Phase 2 Pharmaceutical Guidelines Phase 3 Cosmetic Guidelines 1 st of its kind in the world 1 st of its kind in the world
20 VALUE PROPOSITIONS OBTAINING BRUNEI HALAL CERTIFICATION AND BRUNEI HALAL BRAND BRUNEI HALAL ACCREDITATION LOGO Only awarded to manufacturing facilities that have achieved the required Halal standards as stipulated by the Brunei Religious Control authorities Prerequisite to Brunei Halal products Premium product BRUNEI HALAL COMMERCIAL BRAND Used on all packaging & promotional material specifically related to Brunei Halalfor instant identification For food & beverage products Coming soon: health, beauty & pharmaceutical ranges
21 Knowledge Based Enterprises PHASE 1: icentre Managed by KR Consulting (Singapore) Incubatees: 11 physical& 3 virtual Technology Partner: Skali(Malaysia) Strategic Partners:Telbru(Brunei) 2007 Refurbish existing building by Arkitek SAA(Brunei) 2008 Completion PHASE 2: KNOWLEDGE HUB Modelling and Simulation Centre, Energy Research Lab 2008 Construction by PuteraPermai(Brunei) 2010 Completion ANGGEREK DESA TECH PARK POTENTIAL DEVELOPMENTS PHASE 3: KNOWLEDGE PARK Design-Build
22 icentre INCUBATEES Made in Brunei Technology Products Mobile applications SMS gateway, Islamic portal Incubatees : Infindo Technologies, Expansys Technologies, Modasys Technology, Rafiqun WDSI Vehicle Tracking- GPS vehicle tracking device services & fleet management Incubatees : Mimite-Technology, AlifTechnologies Mobile Wireless products Incubatees : Rafiqun WDSI Enterprise products e.g. Accounting Incubatees : BAG Networks RFID Incubatees : John Harrith Computers
23 New Areas Of Opportunity Hub for Data Centre, Backup-Disaster Recovery Centre Submarine Cable Landing Station Rimba Digital Junction SITE FOR POTENTIAL DEVELOPMENT Connectivity with 2 International Cables 20 hectare site in the capital city 2 km from Submarine Cable Landing Station 80% of Brunei s bandwidth is underutilised Ready for immediate connection to utilities Flexible Investment Model PPP, BOO, Build & Lease, Land Lease
24 New Areas Of Opportunity Property Development POTENTIAL DEVELOPMENT ONG SUM PING APARTMENTS Total:17 blocks of apartments (495 units) Vacant: 9 blocks (242 apartments) Investment Model Investor takeover and refurbish, for leasing or renting
25 New Areas Of Opportunity Property Development STRATA ACT CHAPTER 189 STATUS Property ownership devised for buildings with two or more units Applies to new and existing completed buildings Strata title valid for maximum of 99 years ADVANTAGES TO INVESTORS Secure form of property ownership Both locals and foreigners can purchase property Strata titled properties can be used as collaterals
26 Efficient Infrastructure Implementation 2000 HOUSES 2009 On-going Construction by Bina Puri(Malaysia) 2011 Completion NATIONAL HOUSING SCHEME 2009 Awaiting Approval 2013 Completion 4000 HOUSES LUMUT-TELISAI TELISAI HIGHWAY 18.6 KM Dual Carriageway 2 Bridges 30m and 500m HIGHWAY 2009 Awarded to SuratiConstruction (Brunei) with collaboration with Xing An Ji Engineering (China) 2013 Completion
27 Modern Waste Management System REHABITATION OF EXISTING DUMP SITE 2008 Rehabilitation by Jurusy Perunding(Brunei) 2009 Q4 Completion MODERN ENGINEERED LANDFILL STATUS Tender stage MODERM ENGINEERED LANDFILL Awaiting Approval 2010 Q1 Award 2011 Completion POTENTIAL DEVELOPMENTS FeasibilityStudy and PPP for Energy Efficient Waste Management System Eg. Incinerator
28 TODAY S AGENDA I Brunei in Brief II Business Opportunities III Value Propositions
29 VALUE PROPOSITIONS Competitive Utility Prices Electricity Charges : US$ per KVA* Voltage : volts AC, 50 cycles * Subject to negotiations Water Charges : US$ 0.44 per m3 Quality : WHO drinking water standard Industrial Diesel : US$ 0.21 per litre
30 VALUE PROPOSITIONS Tax Exemptions Tax Exemptions in Brunei No Personal Income Tax No Sales Tax No Payroll Tax No Capital Gains Tax No Export Tax No Manufacturing Tax Corporate Income Tax in Brunei : 25.5%* *Will be reduced to 23.5% in 2010 Companies can apply for Pioneer Status to be exempted from Corporate Income Tax
31 Pioneer Status VALUE PROPOSITIONS Investment Incentives Exempt from Corporate Income Tax Exempt from import duties on machinery Exempt import duties on raw materials Tax Exempt up to 11 years Expansion of Established Enterprises Exempt from Corporate Income Tax Minimum Capital Expenditure of USD$650,000 Tax Exempt up to 20 years Foreign Loans For Productive Equipment Exemption from with-holding tax for interest paid Minimum Amount USD$130,000
32 VALUE PROPOSITIONS International Tax And Trade Agreements Others P4: Chile, NZ, Singapore (USkeen to join) ^ Europe Belgo-Luxembourg Economic Union ^ Finland ^ France ^ Germany# ^ Russian Federation ^ UK* Ukraine # Middle East Bahrain* # Iran ^ Kuwait*# Oman * # Qatar ^ UAE ^ Asia ASEAN ASEAN-China ^ ASEAN-Korea ^ China*# India # Indonesia* Laos* Malaysia* Pakistan* Philippines ^ Singapore* Thailand ^ Vietnam* * Double Taxation Agreements # Bilateral Investment Free Trade Agreements ^^^ Ongoing negotiations Australasia ASEAN-Australia-NZ
33 Chief Executive Officer Account Manager Assistant Account Manager Marketing & Investment Promotion Division Tel: Fax:
INVEST DARUSSALAM. Together We Flourish
Together We Flourish Clean & Green Strategically located Politically Stable GLOBAL CONNECTIVITY London Flight Services from Brunei International Airport (Royal Brunei Airlines) Shipping Services from Muara
More informationCan Malaysia Create Better Returns for Global Investors? Dato Richard Azlan Abas Chief Executive Officer MALAYSIAN DIRECTORS ACADEMY (MINDA)
Can Malaysia Create Better Returns for Global Investors? Dato Richard Azlan Abas Chief Executive Officer MALAYSIAN DIRECTORS ACADEMY (MINDA) Can Malaysia Create Better Returns for Global Investors? Malaysia
More informationINVESTMENT environments IN VIETNAM
VIETNAM The Economic and Cultural Office in Taipei INVESTMENT environments IN VIETNAM Mr. Bui Trong Dinh Assistant to the Head Office / in charge of investment Taipei - October 2010 1 VIETNAM investment
More informationFactors that are important to the establishment of an Islamic Finance Industry in Australia John Masters PricewaterhouseCoopers
Factors that are important to the establishment of an Islamic Finance Industry in Australia John Masters Islamic Financial Services: What Role for Australia? MCFS Symposium, Melbourne 21 November, 2008
More informationSINGAPORE: Introduction to Singapore and the EDB
SINGAPORE: Introduction to Singapore and the EDB Singapore Economic Development Board The Lead Agency that Plans and Executes Economic and Industrial Development Strategies for Singapore Attract Foreign
More informationIntroduction to MALAYSIA
Introduction to MALAYSIA Malaysia is an upper-middle income, highly open economy with a record of strong economic performance and poverty reduction since independence from Great Britain in 1957. Malaysia
More informationPresentation by Economy Under Review Brunei Darussalam
2009/SOM1/006anx4 Agenda Item: IV Presentation by Economy Under Review Brunei Darussalam Purpose: Consideration Submitted by: APEC Secretariat First Senior Officials Meeting Plenary Session Singapore 16
More informationCo-operation in IPR: Perspectives from ASEAN
Co-operation in IPR: Perspectives from ASEAN Dr Bernard Ong Director, International Engagement Department Intellectual Property Office of Singapore Presentation to ASEAN-EU STI Days On behalf of Chair
More informationIII. TRADE-RELATED ASPECTS OF INVESTMENT POLICIES. (1) Foreign Direct Investment: General Policy Direction
Page 26 III. TRADE-RELATED ASPECTS OF INVESTMENT POLICIES (1) Foreign Direct Investment: General Policy Direction 1. Singapore's rapid economic growth has been to a large extent due to massive foreign
More informationROTARY ENGINEERING LIMITED 2Q 2015 RESULTS BRIEFING
ROTARY ENGINEERING LIMITED 2Q 2015 RESULTS BRIEFING 5 August 2015 IMPORTANT NOTICE This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance,
More informationGCC & the International Economy: Private Sector Roles
GCC & the International Economy: Private Sector Roles Abdel Aziz Abu Hamad Aluwaisheg Assistant Secretary-General for Foreign Affairs GULF ECONOMIC FORUM DOHA, QATAR 26 OCTOBER 2015 28-Oct-15 GCC Internal
More informationOutline. Laos in Brief. Battery of Asia and Land-Linked. Investment Support in Lao for investors
Outline Laos in Brief Battery of Asia and Land-Linked Benefit to business sectors Foreign investment support Investment Support in Lao for investors Laos in Brief Laos Population 6,8 million (2015) Text
More informationVIETNAM BRIEF ABOUT THE COUNTRY AND OPPORTUNITIES IN DOING BUSINESS
VIETNAM BRIEF ABOUT THE COUNTRY AND OPPORTUNITIES IN DOING BUSINESS 1 CONTENTS: I. OVERVIEW OF ECONOMY IN VIETNAM II. III. IV. OVERVIEW OF FDI IN VIETNAM PROCEDURES FOR INVESTMENT TIPS FOR DOING BUSINESS
More informationInternational Monetary Fund Washington, D.C.
2009 International Monetary Fund January 2009 IMF Country Report No. 09/32 Qatar: Statistical Appendix This Statistical Appendix for Qatar was prepared by a staff team of the International Monetary Fund
More informationIran: Untapped Potential
Iran: Untapped Potential Alireza Kolahi CEO Abhar Wire and Cable Executive Chairman Noorin Industrial Holdings Member of Board DigiKala.com President Iran Electrical Industry Association Member of Board
More informationIntroduction to PHILIPPINES
Introduction to PHILIPPINES With a population of about 100 million people, the Philippines, which comprises more than 7,000 islands, is the 12th most populous country in the world. An additional 12 million
More informationSoutheast Asian Infrastructure
New Report Investment and Market Opportunities in n Infrastructure SouthEast Infrastructure magazine (www.southeastasiainfra.com) is a leading source of information and analysis on infrastructure development
More informationSINGAPORE - FINAL LIST OF MFN EXEMPTIONS (For the Second Package of Commitments) Countries to which the measure applies
All Sectors: Presence of: - unskilled and semi-skilled natural persons - skilled persons (include craftsmen skilled in a particular trade, but exclude specialists/professio nal personnel at management
More informationThe 5 th Asian Think Tank Development Forum Colombo, September 2017
POTENTIAL INSTRUMENTS TOWARD SUSTAINABLE URBAN INFRASTRUCTURAL DEVELOPMENT IN INDONESIA The 5 th Asian Think Tank Development Forum Colombo, 21-22 September 2017 CARUNIA MULYA FIRDAUSY Professor of Economics
More informationFocus on Trade Etihad Credit Insurance. Rome, 17 October nd Italian Arab Business Forum Auditorium della Tecnica, Confindustria
Focus on Trade Etihad Credit Insurance Rome, 17 October 2018 2 nd Italian Arab Business Forum Auditorium della Tecnica, Confindustria Economic overview 2018 UAE 2018 GPD to expand 2.3%, according UAE Central
More informationPrivate Equity and Institutional Investors: Risks and Opportunities in Cambodia and Lao PDR IPBA, Manila March 2018
Private Equity and Institutional Investors: Risks and Opportunities in Cambodia and Lao PDR IPBA, Manila March 2018 BANGLADESH CAMBODIA INDONESIA LAO PDR MYANMAR SINGAPORE THAILAND VIETNAM AGENDA Introduction
More informationBY CHARGE D AFFAIRES KENYA HIGH COMMISSION KUALA LUMPUR MS. DORCAS RUKUNGA
BY CHARGE D AFFAIRES KENYA HIGH COMMISSION KUALA LUMPUR MS. DORCAS RUKUNGA Total landmass of 329,845 km 2 Kuala Lumpur is the Capital city Putrajaya is administrative centre. Population 31.0 Million (2015)
More informationBRIEFING ON The TRANS-PACIFIC PARTNERSHIP AGREEMENT (TPPA)
BRIEFING ON The TRANS-PACIFIC PARTNERSHIP AGREEMENT (TPPA) BY SYAHRIL SYAZLI GHAZALI Strategic Negotiation Division MITI 21 January 2016 1 BRIEF BACKGROUND 2005 (P4) - Brunei, Chile, Singapore & New Zealand.
More informationIntroduction to VIETNAM
Introduction to VIETNAM Vietnam is a densely populated, emerging economy that has implemented market-oriented reforms since 1986 and benefited from large foreign direct investment inflows since its accession
More informationEconomic Stimulus Packages and Steel: A Summary
Economic Stimulus Packages and Steel: A Summary Steel Committee Meeting 8-9 June 2009 Sources of information on stimulus packages Questionnaire to Steel Committee members, full participants and observers
More informationCountry report BRUNEI
Country report BRUNEI Summary The prosperous country of Brunei derives its wealth from an abundance of oil and gas resources. The economy contracted 1.8% yoy in 2009 and is estimated to have grown over
More informationFebruary 1, Press Club Brussels Europe
February 1, 2016 Press Club Brussels Europe The ASEAN Journey to Community Building 2015 Accelerate the economic growth, social progress and cultural development in the region through joint endeavors.
More informationAask Advisory Services Pte. Ltd.
Aask Advisory Services Pte. Ltd. Corporate Governance, Risk management, Increased shareholder Value Africa is our business 28 September 2016 Southeast Asia's diverse economies 10 nations with populations
More informationInternational Monetary Fund Washington, D.C.
2005 International Monetary Fund September 2005 IMF Country Report No. 05/357 Brunei Darussalam: Statistical Appendix This Statistical Appendix paper for Brunei Darussalam was prepared by a staff team
More informationSaudi Arabia at a Glance
Invest Saudi Table of Contents Saudi Arabia at a Glance Saudi Arabia Economy Why Invest in Saudi? Key Incentives Available for Investors Strategic Sectors & Opportunities Investments We Value the Most
More informationStrategic benefits Building bridges, shaping globalisation
Strategic benefits Building bridges, shaping globalisation An even closer relationship Taking a stand for open trade Working together to shape globalisation Strengthening our ties with Asia The EU-Singapore
More informationCO U N T RY PR E S E N TAT I O N G OV E R N M E N T OF B R U N E I DA R U S S A L A M
INVEST IN BRUNEI DARUSSALAM CO U N T RY PR E S E N TAT I O N G OV E R N M E N T OF B R U N E I DA R U S S A L A M BRUNEI DARUSSALAM. YOUR FRIENDLY, ACCESSIBLE & SAFE GATEWAY TO SOUTHEAST ASIA. M Y A N
More informationMichigan s Economic Future and MEDC Initiatives
Michigan s Economic Future and MEDC Initiatives Doug Smith, Senior Vice President, Governmental Affairs & Strategic Partnerships Michigan Economic Development Corporation Apartment Association of Michigan
More informationIntroduction to INDONESIA
Introduction to INDONESIA Indonesia is the fifth largest economy in Asia in nominal GDP terms and the third most populous nation behind China and India. It has recorded strong economic growth over the
More informationASEAN-Korea Economic Relationship:
ASEAN-Korea Economic Relationship: A Road to More Active Future Cooperation. Choong Lyol Lee, Professor Department of Economics and Statistics Korea University at Sejong ASEAN-Korea Economic Relationship:
More informationStrategies for Successful Business in Asia Fasico is proud to be a partner of
Strategies for Successful Business in Asia Fasico is proud to be a partner of Introduction to Fasico Established as a fully independent consulting firm, in position to support European companies in Asia.
More informationAzerbaijan Export and Investment Promotion Foundation. Azerbaijan Country Presentation
Azerbaijan Country Presentation Basic information I UN Security Council non-permanent member for 2012-2013 I Establishment: 28 May 1918 I Independence: 18 October 1991 I Official Language: I Political
More informationDouble Tax Treaties. Necessity of Declaration on Tax Beneficial Ownership In case of capital gains tax. DTA Country Withholding Tax Rates (%)
Double Tax Treaties DTA Country Withholding Tax Rates (%) Albania 0 0 5/10 1 No No No Armenia 5/10 9 0 5/10 1 Yes 2 No Yes Australia 10 0 15 No No No Austria 0 0 10 No No No Azerbaijan 8 0 8 Yes No Yes
More informationInvestment Trend and Economic Situation in Myanmar
Investment Trend and Economic Situation in Myanmar Dr. Marlar Myo Nyunt Director Directorate of Investment and Company Administration Myanmar Economic Policies Expanding our financial resources Improving
More informationSri Lanka Steps towards Investment Attraction through Investment Faciliattion Ganga Palakatiya Deputy Director (Research & Policy Advocacy)
Sri Lanka Steps towards Investment Attraction through Investment Faciliattion Ganga Palakatiya Deputy Director (Research & Policy Advocacy) September 2018 8th Meeting of the Asia Pacific FDI Network, Thailand
More informationCOUNTRY REPORT BRUNEI DARUSSALAM OCCUPATIONAL, SAFETY AND HEALTH IN BRUNEI DARUSSALAM 25 TH SEPTEMBER 12 TH OCTOBER 2006 JICOSH CENTRE TOKYO, JAPAN
COUNTRY REPORT BRUNEI DARUSSALAM OCCUPATIONAL, SAFETY AND HEALTH IN BRUNEI DARUSSALAM 25 TH SEPTEMBER 12 TH OCTOBER 2006 JICOSH CENTRE TOKYO, JAPAN PRESENTER Shahriman bin Hj Besar Asst. Commissioner of
More informationCharting Myanmar s Economy
Charting Myanmar s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June
More informationAsia-Pacific Trade Briefs: Hong Kong, China
i Asia-Pacific Trade Briefs: Hong Kong, China Merchandise Trade Hong Kong, China has a trade-to-gdp ratio of 386.95%. Merchandise trade accounted for 86.3% of Hong Kong, China's total trade in 2017. Hong
More informationMalaysia company registration
Malaysia company registration Table of contents For over a decade, Healy Consultants has efficiently and effectively assisted our Clients with registering their business in Malaysia. We help our Clients
More informationSingapore Fact Sheet GENERAL INFORMATION SHARE CAPITAL
Singapore Fact Sheet GENERAL INFORMATION Company type Private Limited Company (Pte Ltd) Timeframe for company formation 3 to 5 days* Legislation Singapore Companies Act 1963 Legal system Common Law Corporate
More informationAsia-Pacific: Sustainable Development Financing Outreach. Asia-Pacific: Landscape & State of Sustainable Financing
Asia-Pacific: Sustainable Development Financing Outreach Asia-Pacific: Landscape & State of Sustainable Financing Dr. Shamshad Akhtar, United Nations Under-Secretary-General & ESCAP Executive Secretary
More informationINVITATION FOR AN EXPRESSION OF INTEREST (EOI)
INVITATION FOR AN EXPRESSION OF INTEREST (EOI) PetroleumBRUNEI wishes to invite interested Contractors to submit an Expression of Interest (EOI) to participate in a future tender for Provision of Design
More informationPETROLIAM NASIONAL BERHAD (Incorporated in Malaysia)
FOR THE SIX MONTHS PERIOD ENDED SEPTEMBER 30, 1. CONSOLIDATED INCOME STATEMENT Unaudited Change Revenue 102,867 88,850 15.8 184,053 Profit Before Tax 42,576 40,087 6.2 76,346 Tax Expense (13,226) (12,818)
More informationUAE Economy at Glance
UAE Economy at Glance 2 Presentation Outline UAE Vision 2021 UAE Economy UAE Business Environment UAE Key Areas of Development UAE VISION 2021 3 4 UAE Vision 2021 We want to be among the best countries
More informationShankaran Nambiar. Senior Research Fellow. Malaysian Institute of Economic Research. Malaysian Institute of Economic Research
Shankaran Nambiar Senior Research Fellow Outline Introduction ASEAN Economic Community (AEC) ASEAN as a Single Market & Production Base Trade Agreement and ASEAN Malaysia as ASEAN s Investment Hub Introduction
More informationPATA TRAVEL MART 2018 Seller Registration Form
PATA TRAVEL MART 2018 Seller Registration Form September 12-14, 2018 Mahsuri International Exhibition Centre (MIEC), Langkawi, Malaysia Please fill in the form in print and return this signed agreement.
More informationMONTHLY FINANCE REVIEW
ISSN 0388-0605 MONTHLY FINANCE REVIEW ch 2018 No. 536 Policy Research Institute MINISTRY OF FINANCE JAPAN MONTHLY FINANCE REVIEW ch. 2018 (No.536) CONTENTS STATISTICS(Released by Ministry of Finance) A.
More informationEconomic Development. Business Plan to restated. Accountability Statement
Economic Development Business Plan 1999-2000 to 2001-02 - restated Accountability Statement As a result of government re-organization announced on May 25, 1999, the Ministry Business Plans included in
More informationLUXEMBOURG: YOUR RELIABLE PARTNER DECEMBER 17, 2014
CHAMBER OF COMMERCE OF THE GRAND DUCHY OF LUXEMBOURG LUXEMBOURG: YOUR RELIABLE PARTNER DECEMBER 17, 2014 11 CHAMBER OF COMMERCE OF THE GRAND-DUCHY OF LUXEMBOURG THE LUXEMBOURG CHAMBER OF COMMERCE 22 CHAMBER
More informationThailand and TPP 30 November 2012 Apiradi Tantraporn, Executive Chairperson The International Institute for Asia Pacific Studies (INSAPS), Bangkok
Thailand and TPP 30 November 2012 Apiradi Tantraporn, Executive Chairperson The International Institute for Asia Pacific Studies (INSAPS), Bangkok University 1. Thailand and TPP TPP Countries and Thailand
More informationGerman Business Network (GBN)
German Business Network (GBN) Webcast ASEAN and Iran: Update on current developments September 14, 2017 Page 1 German Business Network (GBN) and Mun Wai Cheong Mun Wai has 18 years experience in industry
More informationGASIFICATION TECHNOLOGIES CONFERENCE 2015 INDONESIA-CURRENT OUTLOOK FOR FOREIGN INVESTMENT. Richard Cant-North American Director October 12 th, 2015
GASIFICATION TECHNOLOGIES CONFERENCE 2015 INDONESIA-CURRENT OUTLOOK FOR FOREIGN INVESTMENT Richard Cant-North American Director October 12 th, 2015 www.dezshira.com About Dezan Shira & Associates We are
More informationSri Lanka: Next Trade and Investment Destination in Asia. Presentation by Mr. M P T Cooray May 2017
Sri Lanka: Next Trade and Investment Destination in Asia Presentation by Mr. M P T Cooray May 2017 1 South Asian Region Quarter of the World Population Accounts for 3% of global gross domestic product
More informationAIIB Strategy Briefing
AIIB Strategy Briefing Background, Strategies, Investment and Challenges AIIB 2 nd Annual Meeting of the Board of Governors Governor Seminar I June 2017 Presentation I. Background and Context of Setting
More informationIndia ASEAN Cooperation
Moving Forward with ASEAN-INDIA Connectivity it Financing and Supporting Mechanism: Views from Exim Bank November 27, 2013 Bangkok India ASEAN Cooperation ASEAN is the second-largest trade partner of India
More informationContents. The Singapore Economy. The Financial Crisis. From Third World to the First Singapore Economic Development Strategy
From Third World to the First Singapore Economic Development Strategy Contents The Singapore Economy History Structure Principles Strategies The Financial Crisis 1 The Singapore Economy History 1965 1978:
More informationLAOS: Land of Ample Opportunities Successes
INVESTMENT POLICY & OPPORTUNITIES IN LAOS: Land of Ample Opportunities Successes Dr. Phonesay Vilaysack Investment Promotion Department Ministry of Planning and Investment Contents Laos in Brief Why Laos?
More informationAsia and Europe require greater physical connectivity and the models for such
Why Do Asia and Europe Need More Connectivity? Some Ideas from the European and ASEAN Experience Alicia Garcia Herrero and Jianwei Xu, BRUEGEL Asia and Europe require greater physical connectivity and
More informationBenefit and Privilege for Foreign Investment in Myanmar. Aung Naing Oo Director General Directorate of Investment and Company Administration
Benefit and Privilege for Foreign Investment in Myanmar Aung Naing Oo Director General Directorate of Investment and Company Administration Outline 1 Myanmar in Brief 2 3 4 Mode of Doing Business Investment
More informationTax Card January 2016 Belarus KPMG LLC. kpmg.com/by
Tax Card 2016 1 January 2016 Belarus KPMG LLC kpmg.com/by BELARUSIAN STATE TAXES AND DUTIES Value Added Tax (VAT) Excise Duty Corporate Profit Tax (CPT) Withholding tax on income of foreign legal entities
More informationMALAYSIA ISLAMIC DEVELOPMENT BANK (IDB) GROUP INVESTMENT FORUM
MALAYSIA ISLAMIC DEVELOPMENT BANK (IDB) GROUP INVESTMENT FORUM BRIDGING THE GAP - FROM SILK ROAD PERSPECTIVE (DEVELOPING LINKAGES WITH THE FAR EAST COUNTRIES) 10 th May 2012 BY: DR. MASHHOUR F. MOURAD
More informationFinancing for Development in Asia and the Pacific: Opportunities and Challenges
Financing for Development in Asia and the Pacific: Opportunities and Challenges Dr. Shamshad Akhtar, Under-Secretary-General of the United Nations & Executive Secretary of The Economic and Social Commission
More informationCo-opetition in Islamic Banking: Malaysia & Brunei
Co-opetition in Islamic Banking: Malaysia & Brunei To explore the opportunity for co-opetition more thoroughly and understand the implications, possibilities and hurdles in the process between Malaysia
More informationInvestment Policy Liberalization and Cooperation in ASEAN: Thailand s View
Investment Policy Liberalization and Cooperation in ASEAN: Thailand s View By Jaratrus Chamratrithirong 18 November 2010 Jakarta Roadmap Investment Policy Liberalization and Cooperation in ASEAN: An Overview
More informationTHAILAND REPORT. Compiled by: The American Chamber of Commerce (AmCham) in Singapore 1 Scotts Road #23-03/04/05 Shaw Centre Singapore AND
THAILAND REPORT Compiled by: The American Chamber of Commerce (AmCham) in Singapore 1 Scotts Road #23-03/04/05 Shaw Centre Singapore 228208 AND The United States Chamber of Commerce 1615 H St NW Washington
More information26 MAY Boustead Singapore Limited FY2010 Financial Results Presentation
26 MAY 2010 Boustead Singapore Limited FY2010 Financial Results Presentation Disclaimer This presentation contains certain statements that are not statements of historical fact such as forward-looking
More informationComperative DTTs of Pakistan
Comperative DTTs of Pakistan 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 S. No. COUNTRY CONTINENT Republic/Dem ocratic/kingdo m/sultanate P.E. BUSINESS PROFIT SHIPPING AIR TRANSPORT DIVIDEND INTEREST ROYALITIES
More information2. Supply trend and final demand
(1) Outline of supply trend for final demand 1 supply trend 2. Supply trend and final demand The overall supply for final demand increased by 1.0% compared to the previous year, up for the fifth consecutive
More informationStrengthening public finance in North and Central Asia. An overview
Strengthening public finance in North and Central Asia An overview Public finance is the financing backbone for sustainable development and infrastructure investment The financing demand for the implementation
More informationAsia-Pacific Trade Briefs: Islamic Republic of Iran
i Asia-Pacific Trade Briefs: Islamic Republic of Iran Merchandise Trade Islamic Republic of Iran has a trade-to-gdp ratio of 37.31%. Merchandise trade accounted for 84.8% of Islamic Republic of Iran's
More informationFINANCE TO ENSURE ASIA S ECONOMIC GROWTH DR. RANEE JAYAMAHA CHAIRPERSON - HATTON NATIONAL BANK PLC
FINANCE TO ENSURE ASIA S ECONOMIC GROWTH DR. RANEE JAYAMAHA CHAIRPERSON - HATTON NATIONAL BANK PLC TABLE 1 : REAL GDP GROWTH OF SOUTHEAST ASIA, CHINA AND INDIA (ANNUAL PERCENTAGE CHANGE) PROJECTIONS ASEAN-6
More informationCharting Brunei s Economy
Charting Brunei s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June
More informationJapan s New Trade Policy in Asia-Pacific
Japan s New Trade Policy in Asia-Pacific August 22, 2013 Shujiro URATA Waseda University 1 Contents I. Japan s Economic Situation II. High Economic Growth and Regional Economic Integration in Asia-Pacific
More informationOne belt one Route (OBOR) Initiative: Objectives, progress and future outlook. Marcus Meissner Managing Partner
One belt one Route (OBOR) Initiative: Objectives, progress and future outlook Marcus Meissner Managing Partner Agenda 1 CAMELOT Who we are? 2 Setting Stage for OBOR 3 Current Status of OBOR 4 Impacts on
More informationAzerbaijan Country Presentation
Azerbaijan Country Presentation Rufat Mammadov AZPRPOMO Favourable Location Azerbaijan is the country on the crossroads of Eurasia I Establishment: 28 May 1918 I Independence: 18 October 1991 I Official
More informationInternational Tax. international tax developments in the Asia Pacific region. February 2015
International Tax A Hong Kong perspective on key international tax developments in the Asia Pacific region February 2015 An overview of key international tax developments and structuring considerations
More informationFight with the Resource curse : Mexico s success and Kazakhstan s challenges
Fight with the Resource curse : Mexico s success and Kazakhstan s challenges Dmitry Rodin CEO, Advantage Kazakhstan Russian Economic Challenge Moscow March 23, 2017 Resource curse Resource curse (or paradox
More informationMauritius as a base for Regional Headquarters Companies
as a base for Regional Headquarters Companies 1 Scope of the presentation Regional business schemes Regional Headquarters Scheme Regional Development Scheme Business opportunities in the Region Other headquarters
More informationDanang: Current Economic Landscape and Business Outlook. Presentation by Hoang Thuy Duong Partner and Head of Trade and Customs, KPMG 15 May 2018
Danang: Current Economic Landscape and Business Outlook Presentation by Hoang Thuy Duong Partner and Head of Trade and Customs, KPMG 15 May 2018 Danang: Economy & FDI Update Danang by Numbers Land area
More informationLINCOLN LEGAL SERVICES (MYANMAR) LIMITED
Dear Readers, Welcome to a new edition of our newsletter. 1. Four large electricity projects awarded Perhaps fittingly, the Ministry of Electricity and Energy announced on its Facebook page that it awarded
More informationLUXEMBOURG: YOUR RELIABLE PARTNER APRIL 4, 2014
CHAMBER OF COMMERCE OF THE GRAND DUCHY OF LUXEMBOURG LUXEMBOURG: YOUR RELIABLE PARTNER APRIL 4, 2014 11 CHAMBER OF COMMERCE OF THE GRAND-DUCHY OF LUXEMBOURG THE LUXEMBOURG CHAMBER OF COMMERCE 22 CHAMBER
More informationAlter Domus SINGAPORE
WE RE WHERE YOU NEED US. Alter Domus is a fully integrated Fund and Corporate services provider, dedicated to international private equity & infrastructure houses, real estate firms, multinationals, private
More informationThe Rule of Law as a Factor for Competitiveness
The Rule of Law as a Factor for Competitiveness Lessons from the Global Competitiveness Index 2008-2009 Irene Mia Director, Senior Economist Global Competitiveness Network, World Economic Forum OECD Workshop
More informationThe Rest of the World and Malaysia. External Challenges to Malaysia s Growth 18th June 2013
The Rest of the World and Malaysia External Challenges to Malaysia s Growth 18th June 2013 Where We Are (GNI per Capita) USD 16000 14000 GNI per capita Aspiration: USD 15,000 12000 10000 8000 6000 GNI
More informationTurning tides. What Indonesia s reconsideration of bilateral investment treaties means for foreign investors
23 Article No. 05 Turning tides What Indonesia s reconsideration of bilateral investment treaties means for foreign investors Matthew Skinner and Zara Shafruddin, Jones Day Foreign investors in Indonesia
More informationDoing Business in Myanmar. Aung Naing Oo Director General Directorate of Investment and Company Administration
Doing Business in Myanmar Aung Naing Oo Director General Directorate of Investment and Company Administration Outline 1 2 2 3 4 5 6 7 8 9 Highlight of Myanmar Reforms Investment Laws Special Economic Zones
More informationThis form must be fully completed, signed and dated. Please delete accordingly and/ or state "N/A" if not applicable.
For PATA Use Only PATA Travel Mart 2014 Diamond Island Convention and Exhibition Center, Phnom Penh, Cambodia 17-19 September 2014 SELLER ORGANISATION REGISTRATION APPLICATION ID# Date Batch# Appt# Booth
More informationElectronic Communications Convention as enabling cross-border paperless trade
Electronic Communications Convention as enabling cross-border paperless trade Jin Ho KIM Legal Expert UNCITRAL Regional Centre for Asia and the Pacific 9 October 2016, Tokyo Outline 1. UNCITRAL and its
More informationINTERNATIONAL TAX PLANNING. Singapore Domestic Law And Treaties SHANKER IYER FCA
INTERNATIONAL TAX PLANNING Singapore Domestic Law And Treaties SHANKER IYER FCA Contents Singapore Tax System Corporate & personal Recent tax developments What makes Singapore an attractive centre for
More informationANNUAL ECONOMIC REPORT AJMAN 2015
ANNUAL ECONOMIC REPORT AJMAN C O N T E N T S Introduction Growth of the Global Economy Economic Growth in the United Arab Emirates Macro - Economic Growth in the Emirate of Ajman Gross Domestic Product
More information26 MAY Boustead Singapore Limited / Boustead Projects Limited Joint FY2015 Financial Results Presentation
26 MAY 2015 Boustead Singapore Limited / Boustead Projects Limited Joint FY2015 Financial Results Presentation Disclaimer This presentation contains certain statements that are not statements of historical
More informationThailand as the Gateway to ASEAN Bonggot Anuroj Executive Director, Investment Marketing Bureau Thailand Board of Investment
Thailand as the Gateway to ASEAN Bonggot Anuroj Executive Director, Investment Marketing Bureau Thailand Board of Investment 16 November 2013 St. Regis Hotel, Bangkok Thailand: 2 nd Largest Economy in
More informationSingapore: A Springboard for your ASEAN Investment. David Chao FDI Advisory UOB Hong Kong
Singapore: A Springboard for your ASEAN Investment David Chao FDI Advisory UOB Hong Kong November 2016 1 Growing Regional FDI Trends FDI inflows into ASEAN and China (USD billion) 95 115 105 124 121 124
More informationPETROLIAM NASIONAL BERHAD (Incorporated in Malaysia)
FOR YEAR ENDED 31 MARCH 1. CONSOLIDATED INCOME STATEMENT Audited Revenue 76,979 66,215 16.3 Profit Before Taxation 25,975 28,361 (8.4) Tax Expense (8,764) (8,385) 4.5 Profit For The Year 17,211 19,976
More informationThe AEC and Taiwan-Indonesia Economic Partnership: A Taiwan Business perspective
The AEC and Taiwan-Indonesia Economic Partnership: A Taiwan Business perspective Apr- 29-2015 Kristy Hsu Program Director, Taiwan ASEAN Studies Center, Chung Hua Institution for Economic Research April
More information