Opportunities in Vietnam and Myanmar

Great business opportunities in these developing countries. We have the knowledge and resources to help you enter these market.  Want a piece of the cake? We do

• Market study on business potential
• Initial setting up of business/office
• Human Resource
• Business Development

Contact us at bernard@grobartigerhafen.org or +65 8782 7646

Singapore Branch vs Subsidiary vs Rep Office

                       

     S’PORE BRANCH         S’PORE SUBSIDIARY        S’PORE REP OFFICE

Legal Type	Not a separate legal entity but an extention of the parent company	Separate legal entity  distinct from its parent company	Has no legal status but just a temporary administrative arrangement
Liabilities	Liabilities extend to parent company	Liabilities limited to subsidiary	Liabilities extend to parent company
Entity Name	Must be the same as the parent company	Can be the same or different from parent company	Must be the same as parent company plus must include ‘Representative Office’
Allowed Activities	Must be the same as the parent company	Can be the same or different from parent company	Can only conduct  market research or feasibility studies
Validity Period	Registered forever until closed	Registered forever until closed	Has to be renewed every year with a 3 year maximum
Normal Registration Time	1-2 days	1-2 days	3-5 days
Taxation	Taxed as non-resident entity, local tax benefits not available	Taxed as Singapore resident entity, local tax benefits available	N/A as Rep Office cannot generate income
Annual Filing	Must file branch office as well as parent company’s accounts	Must file accounts of the Singapore subsidiary	N/A
Bank Account	Can open bank account in Singapore	Can open bank account in Singapore	Can open bank account in Singapore to run the cost centre operations. Must be funded by the parent company.
Staff Hiring	No restrictions on hiring local or foreign staff	No restrictions on hiring local or foreign staff	Chief representative must be a staff member from the parent company. Can have only five employees.
Appointment of Officers	Must appoint at least one local authorised representative	Must appoint at least one local resident director	Must appoint a Chief Representative who will relocate from headquarters

                

Distributor of Wu Yi Star Tea (China) in Singapore

Distributor of Wu Yi Star Tea (China) in Singapore


Flagship Product.(Oolong Tea)

武夷星 - 大红袍

The Tang Dynasty was also the period when oolong tea (烏龍茶/青茶) was first developed in the Fujian province. It was originally produced in thin brick form, known then under then name "Beiyuan" tea (北苑茶). The importance of the withering process for producing oolong tea was described by poet Huang Furen (皇甫冉) in his poem "送陸鴻漸棲霞寺采茶", which indicated that the processing of tea leaves is not a simple task, requiring the scaling of steep cliffs to pick the choicest leaves and the withering of the leaves under the sun and warm winds ("采茶非采菉，遠遠上層崖。布葉春風暖，盈筐白日斜...").

Processing of the tea leaves are all done in-house under strict QC management. The company is also certified organic tea producer.

Range of organic tea:

Organic Tea Da Hong Pao - 有機大紅袍

Organic Tea  Shui Xian - 有機水仙

Organic Tea  Rou Guai -有機肉桂

For more details on product range kindly contact 

tea@grobartigerhafen.org or bernard@grobartigerhafen.org

Budget 2015

Measures for business in 2015:

1) Wage Credit Scheme – Extend for another 2 years, 2016 and 2017

2) Corporate Income Tax Rebate – extend another 2 years, 2016 and 2017

3) PIC Bonus will expire in YA2015. PIC and PIC+ will continue till YA2018

4) Higher support for SME expanding overseas.

For more information on Budget 2015, PIC and how you can enhance your business, contact us at 65 6336 6128 or bernard@grobartigerhafen.org

Why Asia Should Start Worrying About Inflation

Asian economies have stumbled in recent months. High inventories, the lagged effects of tightening in China, and lackluster growth in the West have all taken their toll. Inflation, as a result, has slowed.
But this is a mere cyclical dip in the structural ascent of price pressures across the region. Investors and policymakers alike shouldn't rest too easy. With another stimulus being applied by the world's major central banks, and Asia's return to more vigorous growth in the coming quarters, inflation will again become a cause for worry.
It is easy to lose sight of the bigger picture. The world economy is stuck in a rut. China no longer has its usual swagger, the U.S. dangles over the fiscal cliff, and Europe is lost in contemplation of its enduring problems. Japan, meanwhile, is greying fast, with the occasional stimulus merely painting over its structural cracks. Why, then, should anyone worry about inflation?
First, the cycle masks broader structural trends. Emerging markets, led by Asia, are on the rise. According to the International Monetary Fund (IMF), they will account for more than 50 percent of world gross domestic product (GDP) for the first time this year. Only 12 short years ago, their share was only 37 percent. Granted, this is measured on a purchasing power basis, but this is ultimately what matters for global inflation. The stagnation in the West is thus no longer enough to hold world prices at bay.
Consider a simple example. In 2000, a percentage point increase in U.S. growth added 0.23 percent to world demand, while a percentage point increase in China's economy contributed a mere 0.07 percent. Today, the numbers are converging rapidly. A one percentage point rise in U.S. GDP now contributes about 0.19 percent to world GDP, while China adds 0.15 percent.
Assuming that the U.S. economy will grow by 2 percent this year, and China, say, by 7.5 percent (Beijing's official target), the contribution of the latter, despite being deemed a disappointment by financial markets, will eclipse that by the U.S. by a factor of at least 3. Even in U.S. dollar terms, the incremental increase in world demand accounted for by China is almost double that by the U.S.
Second, the composition of growth in emerging markets has shifted. Exports are less important today than domestic demand. Asia, for instance, has seen a rapid decline in its once sturdy current surpluses. Local demand, led by services and construction, is much more inflationary than growth that is driven by manufacturing exports.
Third, and unsurprisingly, emerging economies are bumping against growth constraints. Labor markets are much tighter across emerging markets today than only a few years ago. In China, despite the recent deceleration, employment is holding up remarkably well, in contrast to the Global Financial Crisis, when job shedding by exporters led to wide-spread layoffs. And this is not just the case on the mainland, across Asia labor markets have remained highly resilient in the face of faltering growth.
Fourth, global central banks have once more turned on the spigot. The Federal Reserve, the European Central Bank, the Bank of England and the Bank of Japan just announced further easing. All that extra cash will ultimately flow to where returns are the most promising. We have seen it before, and it's happening again: emerging markets will see their demand pumped up once more as a result. Inflation will be the thing to worry about.
Frederic Neumann is co-head of Asian Economics at HSBC's Global Research and has been covering regional economies for the past 7 years. He is a regular guest on CNBC TV.

http://sg.finance.yahoo.com/news/why-asia-start-worrying-inflation-060725568.html
 

Vietnam inflation starts rising again in September

Vietnam's inflation accelerated for the first time in 12 months in September, up 6.48 percent on a year earlier, amid fears of a return to rocketing prices as the country grapples with multiple economic woes.
The consumer prices index (CPI) hit a three-year low of 5.04 percent in August, according to the General Statistics Office figures, after an all-out drive by the communist country to bring last year's double-digit inflation under control.
But cooling growth in the country's once-vibrant economy has seen Vietnam cut interest rates five times in 2012.
"Inflation could become again a macro-economic problem in coming months," economist Vu Dinh Anh told AFP.
He said September's CPI hike represented a record monthly increase of 2.2 percent, after increases in prices for key products including petrol.
Vietnam has struggled with double-digit inflation for years. Inflation peaked at 23 percent in August 2011, forcing the government to repeatedly hike interest rates in an effort to prevent the economy from overheating.
The country's economic growth slowed to 4.38 percent in the first half of this year compared with the same period in 2011.
The government is targeting single-digit inflation and a 6.0 to 6.5 percent growth in economic output for 2012. The overall inflation rate for the first nine months of 2012 stood at 9.96 percent year-on-year.

@YahooSGfinance on Twitter

 

http://sg.finance.yahoo.com/news/vietnam-inflation-starts-rising-again-061406935.html

 

Coal supply

Coal supply from Indonesia.
Potential buyers please contact me with your specs and quantity.
Thanks,

Bernard
bernard@grobartigerhafen.org