Slower growth in Indonesia may provide an impetus to realise a range of reforms that the government is planning, changes that could open several important and attractive sectors to greater foreign investment.
Economy
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Although external commodity price shocks and the declining value of the rupiah are the macro-economic trends dominating headlines about the Indonesian economy, some foreign investors still view labour policy and rising wages as greater challenges.
Economic update | Malaysia plans for new taxes
11 Dec 2013
Preparations in Malaysia are well under way for the rolling out of a new goods and services tax (GST) in April 2015, but opinions differ on how effective the levy will be in boosting revenue and critics have voiced concern that the tax could feed inflation.
With wide-ranging reforms set to improve the transparency of Myanmar’s public finances, the government is expected to launch a drive aimed at bringing businesses into the mainstream economy.
The stage is set for Papua New Guinea (PNG) to increase its national minimum wage next year, in a move which is seen as providing much-needed redress for the country’s labour pool.
Economic update | Mongolia takes steps to boost FDI
14 Nov 2013
In a move aimed at reviving flagging FDI levels, Mongolia’s national parliament has approved legislation it hopes will remove uncertainty over investor rights and facilitate the flow of overseas capital into key sectors of the economy.