Micro News

40-50% of the worlds newly constructed nuclear power stations will be built by China – that’s the new objective that the country is looking to achieve. Despite extensive plans, China desperately lacks nuclear power specialists.    Meanwhile, construction of the first floating nuclear power station is…


Singapore Ministry of Education has announced an increase of school fees for foreign students and residents. Prices in public schools will go up by S$20-S$60 per month for foreigners who have certificates of permanent residency in Singapore, and by S$20-S$150 for other foreigners. Monthly fees in secondary…


Medical tourism to South-Eastern Asia

The global market of medical tourism amounts to US$55Bn a year. The undisputed leaders among South-Eastern Asian countries are Singapore, Malaysia and Thailand.   Malaysia earns about US$330m a year, taking more than 800,000 foreign patients. About 500,000 arrive at Singapore, while Thailand hosts 1.5…


Indonesian-style tax amnesty

According to the Indonesian government, the tax amnesty turned out to be a success, resulting in US$300Bn assets having been declared. As of 2014, 260 million people were living in Indonesia, only 900 thousand of which paid taxes. To reverse the trend, the OECD recommended Indonesia to start endorsing…


“White collars” (Managers of all levels, Bankers, Auditors, Accountants, Tax Specialists, etc.) are the first to suffer from economic grievances, says the Labour Ministry of Singapore. Only 40% of those who lost their jobs or resigned found employment within the next 6 months. On the other hand, the…


This I can compare only to Singapore, Hong Kong, Cyprus, the UK, Russia and Ukraine. Each has their own idiosyncrasies. But to be honest, among those listed above, I associate Russia and Ukraine with the most difficulties in doing business. Russia astonishes me with its employment legislation and fire-fighting…


China Fortune Land Development has signed a contract with the Egyptian government to build a new city on Suez Canal. Under the contract, the Developer will build residential and corporate houses, and other relevant infrastructure projects. The total venture cost is estimated at about US$20Bn.



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