Tag Archives: Philippines

ILN Today Post

09 JAN – ASEAN Today – Regional Legal and Business News – December 2017

Blockchain Technology
A recent report by a global business consulting firm argues that ASEAN will be the top investment destination in the region by 2025, replacing China, and that disruptive trends in the logistics sector will boost ASEAN’s position as a leading business hub. The report states that it expects blockchain to influence ASEAN’s supply chain management the most. A blockchain facilitates secure online transactions and is a continuously growing list of records linked and secured using cryptography. Blockchain use in the ASEAN region will help boost the logistics industry, accelerate trade growth, and support the rapid adoption of digital technology.

Read More

Read full article
ILN Today Post

ASEAN Today – Regional Legal and Business News – November 2017

ASEAN Investment Report 2017
The ASEAN Secretariat and the United Nations Conference on Trade and Development (UNCTAD) released the “ASEAN Investment Report 2017: Foreign Direct Investment and Economic Zones in ASEAN” at the 31st ASEAN Summit in Manila this month. The report states that even with the drop in global foreign direct investment (FDI) into developing economies, FDI flows into ASEAN in 2016 remained high. However, inflows into ASEAN did decline to US$97 billion in 2016 due to divestment,. This was due to ASEAN companies acquiring foreign assets in their home countries, and repayment of intracompany loans. Intra-ASEAN investment made up 25% of the total FDI inflows, an all-time high.

ASEAN Fintech Network
The ASEAN Fintech Network (AFN) launched this month and will be a platform to promote cross-border collaboration amongst members and help boost the region’s position as a Fintech hub. The AFN’s founding members are non-profit Fintech industry organizations from Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. Fintech is an innovativeon and new technology, and is used to deliver financial services as an alternative to traditional financial methods. ASEAN has great potential for Fintech companies as it has a rapidly growing online population together with low banking penetration.

Read More

Read full article
ILN Today Post

ASEAN Today – Regional Legal and Business News – October 2017

 ASEAN TODAY – REGIONAL LEGAL AND BUSINESS NEWS – OCTOBER 2017

In Memoriam – H.M. King Bhumibol Adulyadej
December 5, 1927 – October 13, 2016

The cremation and ceremonies for our beloved departed King have now concluded. We sincerely thank everyone for all the kind words of support and thoughtful sharing with us during our difficult times.

Read More

Read full article
ILN Today Post

ASEAN Today – Regional Legal and Business News – September 2017

ASEAN Business Survey
The Australian Chamber of Commerce released its Australian Business in ASEAN Survey 2017. The survey findings show that the top attraction for Australian businesses investing into the region is ASEAN’s growing consumer market, not the economic integration of the ASEAN Economic Community. Corruption is rated the top challenge for Australian companies doing business in ASEAN. Over 60% of the surveyed firms expanded their trade and investment in the region in the past two years and 85% plan to expand their investment in the next five years. Singapore is the favorite spot to operate a regional hub and Vietnam is the most popular market for expansion. Two-way investment between ASEAN and Australia was US$224 billion at the end of 2016.

Read More

Read full article
ILN Today Post

Dej-Udom & Associates Newsletter – March 2016

ASEAN Economic Community News

US-ASEAN Connect
The United States and the leaders of the 10 ASEAN member countries launched the US-ASEAN Connect, an economic cooperation initiative, during last month’s leadership summit in California. The initiative has four pillars. Business Connect to support increased commercial engagement between U.S. and ASEAN businesses in regionally important sectors. Energy Connect to assist in the development of power sectors using sustainable and innovative technologies. Innovation Connect to support Southeast Asia’s entrepreneurs through policy support, technical support, and knowledge exchange. Policy Connect to support ASEAN in creating a stable policy environment favorable to trade and investment. The US government also agreed to establish centers in Singapore, Jakarta, and Bangkok to support the initiative and coordinate US economic engagement in ASEAN.

Read More

Read full article
ILN Today Post

Appeal to Help After Typhoon Haiyan

As many of you know, the ILN has two long-standing members in the Philippines. We have been watching closely and been in contact with them as the news came in about Typhoon Haiyan. Having been through Hurricane Sandy last year, we could only imagine the devastation caused by the Typhoon, which was a far stronger storm.

Fortunately, we have heard from our Philippine friends, who say that much of Manila was spared. However, many of the other islands were not so fortunate.

There are many ways that you can help, but one of our firms, Kapunan Garcia & Castillo Law Firm, works very closely with the Philippine Red Cross. If you are looking for ways to help those who are so desperately in need at this time, we recommend them as a good place to start. Our thoughts and prayers are with the Philippines at this time.

Read full article