Singapore's Prime Minister, Lee Hsien Loong was very optimistic in his New Year’s message, about the future of the country’s economy, as numbers show that it rose by 3.3%. You would think this isn’t a significant rise but as per forecasts this this growth surpassed expectations.
He said the economy is expected to grow by between 1.5 per cent and 3.5 per cent this year, but warned that the global economy faces major uncertainties with growing trade conflicts, nervous financial markets and signs of slowing growth.
The United Arab Emirates is expected to achieve a growth of 3.1% in its GDP. Economists have predicted an accelerated development for 2019, as non-oil revenue expands. This is a result of government measures introduced in 2018.
The UAE’s economy, the Arab world's second largest, grew 0.8% in 2017, this growth was attributed mainly to oil output and price declines. Overall growth is projected at 2.3% for 2018 and 2.9% in 2019.
EmTech has definitely gained the name of the world’s most influential conference on emerging technologies. It also attracts individual from the global communities that run in the United States, Europe, South America, India, Hong Kong, China and Singapore.
The Philippines is moving up and will become the 18th biggest economy in the world by 2037, partly to be boosted by a continuously growing labor force population, according to London-based Capital Economics.
According to a recent survey of business leaders within 21 Asia Pacific Economic Cooperation APEC economies, it was found that Vietnam was in top position for foreign investments for the second consecutive year. This is a big win for the tiny country in the Far Eastern region.
The American Dream… Alive in China?
This is quite an attractive headline for most of us, isn’t it? What is it that made journalists pass such a statement.
What is the American Dream? The American Dream is defined as a promise of a better life for those who work hard. Is China offering the same lifestyle? Let us shed some light on the matter.
Hot off the heels of our own seminar Next Stop Far East, held in Dubai last week, we at Kelmer have been inspired to focus more on the business opportunities in the Far Eastern Market. We thought it would be good to start with one of the largest exhibitions taking place in Singapore from 12-16 November, Singapore FinTech Festival (SFF) held at the Singapore Expo.
Kelmer Group brings you Next Stop Far East, along with the support of the Italian Chamber of Commerce Singapore – ICCS, Italian Chamber of Commerce Vietnam - ICHAM, Italian Chamber of Commerce Philippines – ICCPI and Italian Chamber of Commerce UAE – ICCUAE.
Kelmer Group has definitely set foot in the right direction, with the opening of its Manila office earlier this year. The Philippines is proving to be a great asset in terms of initiating business opportunities for the Kelmer Group.
IFRS 15 Revenue from Contracts with Customers, this is a new revenue standard which was established by IASB (International Accounting Standards Board) and FASB (Financial Accounting Standards Board). This defines a comprehensive framework for determining when revenue should be recognised and how it should be measured.
The “Step-By-Step” guide that summarizes the various procedures businesses need to go through when they wish to set-up their Business in a Dubai Free Zone.
When it comes to deciding on the type of company to set-up in Dubai, the first resolution is choosing whether it could be done in mainland Dubai or in a Free Zone.