Foreign investors looking to take advantage of the Philippines’ recent reform and incentive package should try to gain a more comprehensive understanding of the country’s key industrial sectors, especially those identified in the Strategic Investment Priority Plan (SIPP). This will help them capitalise on the opportunities that the Philippines offers.
With decades of sustained economic growth, favourable demographics and an increasingly affluent consumer market, Indonesia represents an ideal Southeast Asian investment destination, rich in business opportunities for Hong Kong traders and service providers. To explore the various opportunities in the lucrative Indonesian market, HKTDC Research visited Jakarta and Bali in late 2023, meeting with relevant industry experts to gain their insights.
The House of Representatives on 13 March approved legislation in unusual bi-partisan fashion to ban the popular social media application TikTok – which is owned by mainland China-based ByteDance Limited – from the U.S. market unless it is sold to an entity that is not controlled by a foreign adversary of the United States.
The chair and ranking member of the influential House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party recently reiterated their concern with the risks posed by mainland Chinese foundational semiconductors to U.S. economic security.
The Bureau of Industry and Security has announced a package of rules designed to broaden and strengthen U.S. controls on exports of advanced computing semiconductors and semiconductor manufacturing equipment and items that support supercomputing applications and end-uses. BIS said these rules reinforce regulations issued a year ago that limited exports to mainland China and Hong Kong by closing loopholes and restricting Beijing’s ability to both purchase and manufacture certain high-end chips critical for military advantage.
Hong Kong’s electronics industry is the territory’s largest merchandise export earner, accounting for 72.5% of the city’s total exports in 2022. A substantial portion of this business, largely re-exports, are regarded as high-tech products, especially those related to telecommunications equipment, semiconductors and computer items.
The Covid-19 pandemic upended businesses, triggering a digital and e-commerce turning point. As the world moves on from the pandemic, it is crucial for brands to adapt to the new normal, especially in the fast-growing yet ever-changing e-commerce ecosystem in Asia. The HKTDC’s signature promotional event Think Business, Think Hong Kong (TBTHK) Bangkok 2023 gathered experts to discuss key trends and opportunities in the booming Asian e-commerce market, the latest marketing and logistics developments that have come in step with the digital evolution, as well as tips on e-commerce strategies.