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Archive for the ‘Indonesia Business’ Category

22nd September 2012

It recently came to this blogger’s attention that an official representative from the Republic of Korea appears to have been appointed Ambassador to the Association of Southeast Asian Nations (ASEAN). In order to provide further information on this topic it is necessary to quote directly from the official website of The Korea Times, KoreaTimes.co.kr:

Baek Seong-taek, a career diplomat who had served in various capacities at overseas missions including Japan, Vietnam and Malaysia, was appointed this week as Seoul’s first envoy dedicated to ASEAN. With Baek’s appointment, Korea became the fourth non-ASEAN nation to name an ambassador to the regional bloc and will launch a permanent mission for the ASEAN in Jakarta next month to redouble engagement on a wide range of issues such as trade, regional security, disaster management and human rights…Baek said he expects ASEAN to play a “balancing role” in Asia, where a power shift is under way amid the rise of China and the decline of Japanese influence, with the U.S. making a so-called “pivot” to the region…

The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to read this article in detail.

Although Korea is not the first nation to send an envoy to ASEAN, these developments show an increasing interest in ASEAN’s affairs from the international community. As ASEAN moves closer to being a fully integrated economic community it stands to reason that other nations will desire more interaction with this Southeast Asian organization.

On a related note, it would appear that the Asia-Pacific region is becoming an increasingly popular location among the world’s wealthy, for further insight this blogger must quote from the official website of Bloomberg, Bloomberg.com:

More people in Asia became millionaires last year as the region’s economic growth and entrepreneurship helped generate affluence, according to a report by RBC Wealth Management and Capgemini SA. The number of individuals in Asia-Pacific with investable assets of $1 million to $5 million climbed 1.9 percent to 3.08 million in 2011, according to the report released in Singapore and Hong Kong today. Their total wealth increased 1.5 percent…The World Wealth Report showed in June that the number of individuals in Asia-Pacific with at least $1 million in investable assets jumped 1.6 percent last year to 3.37 million, helped by increases in China, Japan, Thailand, Malaysia and Indonesia. So-called high net-worth individuals in North America dropped 1.1 percent to 3.35 million.

Again, readers are asked to click upon the hyperlinks above to read this article in full.

Based upon the information contained in the article above it would appear that the Asia-Pacific region is now home to the largest number of millionaires in the world. However, much of these individuals’ capital would appear to be located in a few key jurisdictions in Asia most notably Hong Kong and Singapore. One could speculate that future growth may not only increase affluence in places such as Singapore and Hong Kong, but more broadly over the ASEAN and Asia-Pacific regions, respectively.

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13th January 2012

It recently came to this blogger’s attention that new attention is apparently being directed toward the positive aspects of backpacking in Southeast Asia. In order to shed further light upon these developments it is necessary to quote directly from an article posted on the official website of the Sydney Morning Herald:

Every now and then on the Laos hippy trail you spy a traveller wearing a T-shirt that reads “Been There Don Det”. Most people think it is yet another pun based on the ‘hilarities’ of the language barrier (see “Same Same But Different”) but actually it’s an inside joke for those who had ventured far enough south to visit a small island hidden in the mist of the Mekong River. South of the capital Vientiane, the Mekong breaks its banks creating an anarchic sprawl of islands called Si Phan Don, which translates to “4000 Islands”.

The administration of the web log recommends that these readers click on the relevant hyperlinks noted above to read this truly insightful article in further detail.

On a related note, it also came to this blogger’s attention that the Association of Southeast Asian Nations (ASEAN) appear to have signed a memorandum of understanding with India in an effort to boost tourism in the Southern Asia region. For further elucidation it is necessary to quote directly from The Jakarta Post via the Asia News Network:

Members of the Association of Southeast Asian Nations (Asean) and India have agreed to promote cooperation in tourism to help boost travel between the subcontinent and the Southeast Asian region. A memorandum of understanding (MoU) on tourism cooperation was signed by Aseantourism ministers and their counterpart during Asean Tourism Forum in Manado, North Sulawesi, on Thursday…

Again, the administration of this blog recommends that readers click on the hyperlinks noted above to gain full insight into this developing story.

Tourism seems to have been a traditional source of revenue in the for both the Kingdom of Thailand and the Greater ASEAN region. Hopefully the signing of the memorandum noted above will provide economic benefits for both the ASEAN region as well as the Indian Sub-Continent. That stated, with the increasing velocity of economic expansion in Asia as a whole there is strong evidence to suggest that tourism may prove to be simply a gateway to further economic integration between all of the global economies. How these trends will play out in the future remains to be seen. However, the benefits of tourism could arguably be a true “win-win” situation for both the tourist as well as the host nation. ASEAN itself is a prime example of how tourism and increasing levels of tourists can lead to more robust levels of economic activity as a whole.

For further information regarding legal issues in Southeast Asia please see: Legal.

For more general insights regarding visa issues in Thailand please see: Thai Visa.

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5th October 2011

It recently came to this blogger’s attention that exporters in Australia are expecting a robust economy in Asia in the future. In order to provide further explanation it is necessary to quote directly from the official website of the Herald Sun, HeraldSun.com.au:

AUSTRALIAN meat exporters are hoping Asia’s dynamic economies will deliver boom times, with the industry forecasting gains of up to 20 per cent in markets such as Thailand once the ASEAN Economic Community (AEC) is underway from 2015. Amir Gun Mohammad, a regional representative for Meat and Livestock Australia (MLA), says the expected boost has followed the rapid development of the local food services industry, a growing middle class and expanded trade opportunities. ”Hopefully it will be very, very good for us. I think Thailand has been seen to be a major player in the ASEAN region. They export a lot to other parts of ASEAN,” Amir Gun told AAP. Amir Gun said once the ASEAN free trade system was in place Australian beef and livestock importers would face an easier path to regional markets…

This blogger encourages readers to click upon the aforementioned hyperlinks to learn further details from this interesting article.

There are many who feel that the economies which comprise ASEAN (Association of Southeast Asian Nations: Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam) are likely to continue to show signs of economic integration along with the concomitant economic benefits that come therewith. Hopefully such possible circumstances will accrue to the benefit of all concerned.

The economies in the ASEAN jurisdictions are not the only foreseeable beneficiaries of possible future economic luster. In fact, China appears to be viewed by many as a possible economic powerhouse in coming decades. This is not to say that this will accrue to the disadvantage of other economies since global economics is not always a “zero sum” game. The growth of a sustainable middle class in any of the Asian jurisdictions is likely to create tangible economic rewards on a local, regional, and global scale. To provide further insight into the encouragement of Chinese small business it is necessary to quote directly from the official website of China Daily, ChinaDaily.com.cn:

Chinese Premier Wen Jiabao has urged stronger financial support for China’s smallbusinesses and better regulation of private lending activities to prevent risks of capital shortage from spreading.

This blogger strongly encourages readers to click upon the hyperlinks noted above to read this interesting and concise article in detail.

Clearly tangible benefits can be garnered by both the Chinese and ASEAN economies through bi-lateral relations, but when viewing this in conjunction with the fact that Australia and the US maintain a strong economic relationship with ASEAN and her component jurisdictions there is at least an inference which can be made to support the conclusion that there is likely to be dynamic economics at play in Asia’s future. Meanwhile, this economic dynamism can have ancillary benefits for the global economy.

How future economic events will transpire remains to be seen, but there are strong indicators that all of the economies mentioned above have bright futures indeed.

For information regarding legal services in Southeast Asia please see: Legal.

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5th August 2011

It recently came to this blogger’s attention that Economic Ministers from the jurisdictions which comprise the Association of Southeast Asian Nations (ASEAN) are set to meet in Indonesia over the upcoming weeks. Of especial importance, in this blogger’s opinion, is the fact that said meeting is set to include representatives from the United States of America and Russia. In order to shed further light upon these developments it is necessary to quote directly from the official website of The Nation, NationMultimedia.com:

Free-trade partners of Asean, in addition to the United States and Russia, will join Asean economic ministers for a meeting in Manado, Indonesia, next week with the aim of tightening economic integration. Indonesia will host the Asean Economic Ministers (AEM) meeting from August 9-13. Yanyong Phuangrach, permanent secretary at the Commerce Ministry, who will lead the Thai delegation to the meeting, said the main agenda was to forge closer cooperation among Asean member states and trading partners, mainly with FTA partners and the two economic giants – the US and Russia…

Readers are strongly encouraged to click upon the relevant hyperlinks above to read this important article in detail.

In recent months there have been many positive developments in the ASEAN region as discussions pertaining to a possible unified ASEAN visa have been broached. Meanwhile, discussions pertaining to the South China Sea appear to have lessened some of the tensions between ASEAN members nations and China. However, as of yet, a final framework for dealing with the South China Sea has yet to be developed. As the ASEAN region continues to show further economic potential it stands to reason that geo-politically dominant economies will show increasing interest in the Southeast Asian region.

In news specifically related to the Thai Real Estate and Property markets, it recently came to this blogger’s attention that Singaporean and international real estate developers have noted their optimism regarding the Thai property market. In order to provide further elucidation regarding these developments this blogger is compelled to quote directly from the PropertyShowrooms.com website:

A Singapore property development company has decided to invest in a series of condominium projects in Thailand over the coming year. Speaking to Property Report, business development manager at Dalvey Developments Noel Goh described the Thai real estate sector as “a very attractive market with high growth potential”. “Moreover, property prices remain low when compared to neighbouring countries,” Mr Goh added…According to one Asian real estate expert, buyers from Hong Kong are increasingly being drawn to high-end properties in the Thai capital. Executive director for investment and project marketing at CB Richard Ellis Rebecca Shum told the Bangkok Post that the city is a “top-two destination for lifestyle” from the point of view of Hong Kong investors. She added that a rise in optimism about Thailand’s political and economic conditions is helping boost the luxury property market in the nation.

The administration of this web log encourages readers to click on the relevant hyperlinks above to read further from this article.

For many, the purchase of property in Thailand can be a cumbersome and somewhat confusing endeavor as Thai law on the subject has been described as rather complex and, in some cases, byzantine. This is especially true in cases involving foreigners wishing to purchase land in Thailand since there is virtually a de facto prohibition on foreign nationals purchasing Thai land. That stated, such a prohibition does not exist in the context of a Thai lease, Thai usufruct, or Thai condominium. In fact, pursuant to the Thailand Condominium Act, foreign nationals in Thailand may be permitted to purchase a Thai Condo so long as that proposed real estate holding comports with the relevant provisions of the Act. For this reason, and many more, some opt to retain the assistance of an attorney in Thailand to assist in conducting due diligence and conveyancing matters pertaining to Thai property.

For information related to legal services in the Kingdom of Thailand please see: Legal.

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31st July 2011

It recently came to this blogger’s attention that there are increasing instances of Western commentators discussing the Pan Asia Gold Exchange (PAGE). As these discussions can have implications for the wider business community it may be prudent to quote directly from an article written by Ned Naylor Leyland and posted on the website 24hgold.com:

Today was the inauguration ceremony replete with myriad ministers and mandarins from central and regional government. This initiative is supported at the highest levels in China with SOEs as shareholders, the support of the Beijing Gold Exchange and SAFE (State Administration of Foreign Exchange). PAGE are buying into the concept that leverage has its limits and that leasing must also be carefully monitored…The biggest bombshell however, is the offer of Rmb contracts for international investors, agreed by SAFE. The international part of the Exchange’s business is expected to be available by Q4…

This blogger strongly encourages readers to click on the hyperlinks noted above to read this insightful article in detail.

Issues related to business and capital movement in the jurisdictions which comprise the Association of Southeast Asian Nations (ASEAN: Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam) have been of increasing interest to those who monitor international trade and geopolitics. Meanwhile, many in the business community would appear to be anticipating how the ramifications of further business in China will impact Greater Asia and the global economy. Hopefully, these developments will be beneficial for all concerned.

In news pertaining to American immigration, it recently came to this blogger’s attention that the United States Citizenship and Immigration Service (USCIS) is apparently trying to encourage further use of the T visa. To quote directly from the Daily Journal website, DailyJournal.net:

PHILADELPHIA — Federal immigration officials are working with authorities in Philadelphia and other cities around the U.S. to try to increase the use of a special visa to help victims of human trafficking, a visa that has been underutilized since its creation nearly a decade ago. At issue is the nonimmigrant “T visa,” which U.S. Citizenship and Immigration Services officials say is an underutilized tool that can be used to help victims of human trafficking who have been brought into the country — using deception in many cases — and then used as sex slaves or forced into other types of involuntary servitude. There is a 5,000 yearly cap on the visa, which allows eligible victims and family members to stay in the country up to four years. But fewer than 5,000 have been approved in total since it was instated in 2002…

The administration of this web log asks that readers click upon the relevant hyperlinks above to read this article in detail.

Unfortunately, the scourge of human trafficking has yet to be fully eradicated in either an international or national context. Hopefully, USCIS can effect some change to this situation through astute use of the T visa noted above. Meanwhile, as noted previously on this blog, there are other agencies of the United States government taking proactive measures to decrease incidents of human trafficking. Hopefully these efforts results in tangible benefits for all people since the issue of human trafficking is something which effects everyone.

For information pertaining to legal services in Southeast Asia please see: Legal.

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14th July 2011

It recently came to this blogger’s attention that United States President Barack Obama is apparently set to attend an upcoming ASEAN summit in Bali, Indonesia. In order to provide further information regarding such developments it is necessary to quote directly from the Jakarta Updates website, JakartaUpdates.com:

United States President Barack Obama is scheduled to attend the ASEAN Summit in Bali in September 2011. Obama’s arrival is hoped to bring a positive image for Bali and Indonesia in general in particular after the 2002 Bali bombing. “The arrival of President Obama is hoped to foster the trust of the international community regarding the security aspects of Indonesia and especially Bali’s readiness to hold a world-class event,” said a member of Commission IV DPRD Bali, Tjokorda Raka Kerthyasa, in Denpasar, on Tuesday (12/07/2011). According to Kerthyasa, this visit will have a very positive impact not only great for tourism in Bali, but also for Indonesia. That will mean Indonesian security has been acknowledged and Bali is considered a very special place…

The administration of this web log encourages readers to click upon the hyperlinks noted above to read this article in detail.

This news comes upon the heels of a recent trip by the Chairman of the United States Joint Chiefs of Staff to China. Clearly, both of these developments illustrate the increasing importance of the ASEAN (Association of Southeast Asian Nations) jurisdictions (Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam) and China. These events are also a testament to the increasing global economic dominance of Asia in general. Hopefully the discussions held at this upcoming summit will result in tangible benefits for the American people and the people of those nations which are members of ASEAN.

In news pertaining to the struggle for LGBT (Lesbian, Gay, Bisexual, and Transgender) Equality it recently came to this blogger’s attention that a highly respected advocacy organization for the cause of LGBT Equality recently submitted a brief to a New York Court in support of the rights of a same sex bi-national couple. To provide further insight it is necessary to quote directly from a press release posted upon the official website of Lambda Legal, LambdaLegal.org:

(New York, July 12, 2011) – Yesterday, Lambda Legal filed an amicus brief in a case involving Cristina Ojeda and Monica Alcota, a married binational lesbian couple from Queens, New York. The friend-of-the-court brief argues that immigration officials are incorrectly relying on an inapplicable case for authority to continue deportation proceedings while the constitutionality of the Defense of Marriage Act (DOMA) is being challenged…In the brief filed yesterday, Lambda Legal argues that USCIS cannot insulate itself from legal and political developments surrounding both DOMA and a 1982 case, Adams v. Howerton. Adams has been superseded by intervening legal and legislative developments including the emergence of jurisdictions where marriage or civil unions of same-sex couples are recognized, and ongoing federal court cases challenging the constitutionality of DOMA. Finally, since the law surrounding DOMA is developing, the brief urges immigration officials to administratively close or postpone all pending immigration matters involving married same-sex couples until DOMA is repealed or declared unconstitutional. Absent DOMA, there is no legal impediment to extending immigration protections to Ms. Alcota and spouses in similarly-situated same-sex couples…

The administration of this web log adamantly encourages those interested to click upon the relevant hyperlinks noted above to read about these developments. As a practical matter, “administrative closure” has been used in the past with respect to the K-3 visa (a United States travel document somewhat akin to the K-1 visa although designed for the foreign spouse of an American Citizen) where the underlying I-130 (the petition form for a CR-1 visa or an IR-1 visa) sees adjudication and arrival at the National Visa Center prior to, or contemporaneously with, the I-129f petition package. Therefore, usage of administrative closing in an immigration context is not altogether unheard of. That said, whether such a mechanism will ultimately be utilized under these circumstances remains to be seen.

As noted previously on this blog, the United States Citizenship and Immigration Service (USCIS) did attempt to place a hold upon deportations involving same sex bi-national couples. However, that hold was apparently rescinded by the Department of Homeland Security (DHS) citing the so-called “Defense of Marriage Act” (DOMA) as a valid reason for such action. Thereafter, it was noted that the Attorney General of the United States, Eric Holder, vacated a finding for deportation in a case before the Board of Immigration Appeals (BIA) involving a couple who had entered into a same sex civil union in the sovereign State of  New Jersey. It was recently noted that United States Bankruptcy Courts appear poised to begin adjudicating bankruptcy petitions from same sex couples. All of these developments have occurred contemporaneously with news that the Judiciary Committee of the United States Senate is preparing to hold hearings regarding the possible repeal of DOMA and the ramifications of adopting legislation such as the Respect for Marriage Act. The Respect for Marriage Act would hopefully provide federal recognition of a same sex marriage legalized and/or solemnized by an American State which permits such unions.

Strictly within the context of American immigration it should be noted that Representative Jerrold Nadler has introduced legislation such as the Uniting American Families Act (UAFA) in order to remedy the current legal discrimination imposed upon the LGBT community. Furthermore, it would appear that Representative Mike Honda‘s Reuniting Families Act includes UAFA-like language which would attempt to correct the current inequities borne by same-sex bi-national couples.

For related information please see: Full Faith and Credit Clause.

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