Survey: US expats in love with Brunei

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Brunei1Expatriates and foreign professionals have rated Brunei as the best country in Southeast Asia to work, a survey by the American Malaysian Chamber of Commerce of 475 senior executives working for US companies operating in ASEAN has shown.

Malaysia came second, on par with Singapore and, interestingly, Laos. Brunei was the only country in the region to score the full 100 marks for expat satisfaction. Malaysia scored 94 per cent satisfaction marks as did Singapore and Laos.

“Brunei expatriates, ahead of Malaysia, are the most satisfied,” AMCHAM president and chief executive officer of Citibank Sanjeev Nanavati said at a press conference in Kuala Lumpur on August 20.

In the chamber’s 2013/2014 ASEAN Business Outlook Survey on Malaysia, 53 per cent of respondents said they were concerned at the level of corruption while another 41 per cent said they were dissatisfied with the current tax structure. Satisfaction with personal security has decreased since 2012, giving Malaysia the lowest ranking in ASEAN.

In Indonesia, 80 per cent of respondents said they were dissatisfied with the level of corruption.

The survey also concluded that ASEAN has “a lot of exciting plans ahead,” particularly due to changes in the regional trade architecture. The survey revealed that regional economic integration efforts, such as ASEAN’s agreements on trade in goods and services, are important to US companies’ investment plans in the region.

Some 54 per cent of respondents said that their company has a strategy based on the goals of the ASEAN Economic Community, which aims to integrate the region by 2015.  Moreover, nearly half of the US manufacturing companies surveyed report that they utilise the provisions of ASEAN’s free trade agreements with major trading partners to export from ASEAN.

However, another recent survey showed that US companies don’t believe that the ASEAN Economic Community will kick off as planned by end-2015.

Of the two major regional free trade agreements currently being negotiated, the Transpacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP), more respondents expect the TPP to have a greater impact on their companies’ future investments in the region than RCEP, but many respondents are not sure about the impact of either agreement.

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Reading Time: 2 minutes

Expatriates and foreign professionals have rated Brunei as the best country in Southeast Asia to work, a survey by the American Malaysian Chamber of Commerce of 475 senior executives working for US companies operating in ASEAN has shown.

Reading Time: 2 minutes

Brunei1Expatriates and foreign professionals have rated Brunei as the best country in Southeast Asia to work, a survey by the American Malaysian Chamber of Commerce of 475 senior executives working for US companies operating in ASEAN has shown.

Malaysia came second, on par with Singapore and, interestingly, Laos. Brunei was the only country in the region to score the full 100 marks for expat satisfaction. Malaysia scored 94 per cent satisfaction marks as did Singapore and Laos.

“Brunei expatriates, ahead of Malaysia, are the most satisfied,” AMCHAM president and chief executive officer of Citibank Sanjeev Nanavati said at a press conference in Kuala Lumpur on August 20.

In the chamber’s 2013/2014 ASEAN Business Outlook Survey on Malaysia, 53 per cent of respondents said they were concerned at the level of corruption while another 41 per cent said they were dissatisfied with the current tax structure. Satisfaction with personal security has decreased since 2012, giving Malaysia the lowest ranking in ASEAN.

In Indonesia, 80 per cent of respondents said they were dissatisfied with the level of corruption.

The survey also concluded that ASEAN has “a lot of exciting plans ahead,” particularly due to changes in the regional trade architecture. The survey revealed that regional economic integration efforts, such as ASEAN’s agreements on trade in goods and services, are important to US companies’ investment plans in the region.

Some 54 per cent of respondents said that their company has a strategy based on the goals of the ASEAN Economic Community, which aims to integrate the region by 2015.  Moreover, nearly half of the US manufacturing companies surveyed report that they utilise the provisions of ASEAN’s free trade agreements with major trading partners to export from ASEAN.

However, another recent survey showed that US companies don’t believe that the ASEAN Economic Community will kick off as planned by end-2015.

Of the two major regional free trade agreements currently being negotiated, the Transpacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP), more respondents expect the TPP to have a greater impact on their companies’ future investments in the region than RCEP, but many respondents are not sure about the impact of either agreement.

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