Top Story: Myanmar to Sign New York Convention
+ Treasury's Office of Foreign Assets Control (OFAC) launched a set of frequently asked questions in response to numerous queries from Business and others. The FAQ's cover issues like the reporting requirements and the SDN List. OFAC also launched an improved tool for searching the SDN list.
Top Story: State Department Announce $6 Billion For Geothermal In Southeast Asia
IN THIS UPDATE:ASEAN
+ State Department Announce $6 Billion For Geothermal In Southeast Asia
Bandar Seri Begawan - The US-Asean Business Council is looking forward to working with the Brunei Government on the Trans-Pacific Partnership (TPP) as well as on the preparation of the Asean Economic Community (AEC) which is set to be achieved by the end of 2015.
IN the effort to diversify the country’s economy away from its dependence on oil and gas, one of the ideas pitched is to develop Brunei Darussalam as a data centre.
The idea that came from the Brunei government was revealed yesterday by Alexander C Feldman, the President of US-Asean Business Council, which is on a business mission to Brunei Darussalam, in a press conference.
He is leading 30 representatives of 11 well-known US companies in looking for opportunities to work with the Brunei government. The companies include Black and Veatch, Citi, ConocoPhillips, ExxonMobil, Forbes Asia, GE, Google, Merck, Moody’s and Visa.
Top Story: CVC-owned Matahari launches up to $1.36 bln Indonesia offering-terms
LOOKING FORWARD:The APEC Business Advisory Council (ABAC) Meeting will host a meeting in Singapore on April 3rd-6th. APEC SOM 2 and related meetings will be hosted in Surabaya, Java, from April 6-19th. IN THIS UPDATE:
+ Indonesia's Legislature Urged to Pass Bill on Protection of Informants
(Hanoi) A delegation of 21 leading U.S. companies organized by the US-ASEAN Business Council concluded a visit to Vietnam today focused on continuing to build economic ties and support Vietnam’s ongoing economic reform. The mission was led by the Council’s Vietnam Committee Chair Stu Dean, CEO of ASEAN for GE, and Council President Alexander Feldman.
“U.S. Companies are firm in our desire to partner with Vietnam and continue our support for economic reform,” said Stu Dean of GE. “We applaud the government of Vietnam’s continued focus on financial sector reform and transparency for State Owned Enterprises, and look forward to continuing to work together on applying global best practices to Vietnam’s economy."