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Singapore/Sri Lanka: Development Agreement Signed

(July 26, 2016) On July 18, 2016, Singapore and Sri Lanka concluded a Memorandum of Understanding on investment by Singaporean businesses in Sri Lanka. The pact was signed by International Enterprise (IE) Singapore, a government agency, and the Ministry of Megapolis and Western Development of Sri Lanka; it is the first MOU signed between Sri […]

Indonesia: Procedural Simplification as Development Incentive

(Feb. 29, 2016) Indonesia’s President Joko Widodo, speaking on February 22, 2016, advocated building the country’s infrastructure and decreasing regulatory obstacles as vital to Indonesia’s economic competitiveness. The issue of competitiveness in the region is especially important, he said, now that Indonesia is part of the ASEAN Economic Community. “This is the era of competition […]

Italy: Measures to Reactivate the Economy, Promote Development, and Reduce Bureaucracy

(Nov. 19, 2014) The Italian legislature recently passed legislation to strengthen the national economy and to reduce bureaucracy. (Decree-Law No. 133, of September 12, 2014 (D.L. 133), Urgent Measures for the Opening of Construction Sites, the Construction of Public Works, Digitization of the Country, Reduction of Bureaucracy, the Mitigation of Hydrogeological Instability, and for the […]

Israel: Law on Minimizing Market Centralization and Promoting Economic Competition

(Dec. 18, 2013) On December 9, 2013, the Knesset (Israel’s parliament) passed the Law for Promoting Competition and Minimization of Centralization, 5774-2013 (Text of the Law [in Hebrew], Knesset website). In introducing the draft of the Law, Knesset Finance Committee Chairman Nissan Slomiansky expressed his expectation that it would substantially improve the Israeli economy by […]