The GCC or Gulf Cooperation Council is the economic and political alliance of 6 countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, the economies of which were shocked by the advent of the COVID-19 pandemic during the aftermath of lower oil prices. Family businesses in the GCC were already in dire financial straits as they were dealing with high leverage, lower profits, and restricted liquidity.
For the forecast period of 2019-24, it is estimated that Singapore’s ready-to-eat food (RTE) market will achieve a CAGR (Compound Annual Growth Rate) of 2.6%. Due to the increased exposure to numerous cultures, Singapore’s citizens are experimenting with new and different foods.
On June 8th, Vietnam’s National Assembly ratified two important economic agreements, namely the EVFTA (European Union-Vietnam Free Trade and EVIPA (European Union-Vietnam Investment Protection Agreements.
In an effort to attract more US investors, the Association of Southeast Asian Nations, or ASEAN as it is more commonly referred to, is now promoting Special Economic Zones in order to become a more powerful trading bloc of member states.
Singapore is known for transparency in its government and its Accounting policies and procedures. Accounting in Singapore is governed by strict rules, regulations, guidelines, and more that are established by Singapore’s government.