South Korea is set to invest $US 56.86 million into developing Myanmar’s infrastructure, according to the Southeast Asian nation’s state-run media. Money is expected to be invested in the construction of new model villages, schools, power stations, and research and technology centers in a deal which may improve Myanmar’s future investment appeal.
According to the Inland Revenue Authority of Singapore, a Singapore tax resident can enjoy tax exemption on specified foreign income that is remitted into Singapore.
During the last month, Visa regulations in the Asia-Pacific have undergone some major changes. In this article, we highlight some of the important schemes recently introduced that affect several of the region’s major nations.
Australian commodity prices have recently fallen to a five-year low, largely due to the unpredictability of China’s economic growth. With various industries continuing to be affected by dwindling demand from China, fears have abounded that Australia’s entire economy may suffer in the future.
Salaries across the Asia-Pacific are due to increase on average by 7 percent next year, according to a report released yesterday. When inflation is taken into account, the findings show that China will have the steepest salary hike for 2015, which may provide an insight into investor trends for the coming year.