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Economy & Trade

COVID-19 Vaccine Roll Outs in ASEAN & Asia – Live Updates by Country

10/16/2021

We will be operating this article as a running live update service to keep businesses in the ASEAN region informed with regards to the coronavirus.

Indonesia’s Omnibus Law: New Provisions on Indonesia’s Trade Sector

10/14/2021

Indonesia's Regulation 29 of 2021 makes changes on issues of trade, particularly in areas such as the distribution of goods, exports, and imports.

The ASEAN-Russia Trade and Investment Cooperation Work Program

10/06/2021

ASEAN and Russia have revised the ASEAN-Russia Trade and Investment Cooperation Work Program for the 2021-25 period.

The ASEAN-Russia Trade and Investment Cooperation Roadmap

10/06/2021

ASEAN and Russia have adopted an updated ASEAN-Russia Trade and Investment Cooperation Roadmap, as the two sides seek to stimulate a post-pandemic economic recovery.

The ASEAN-Russia Trade and Investment Cooperation Roadmap

10/05/2021

ASEAN and Russia have adopted an updated ASEAN-Russia Trade and Investment Cooperation Roadmap to stimulate a post-pandemic economic recovery.

The US-ASEAN Expanded Economic Engagement Initiative

09/28/2021

The US-ASEAN Expanded Economic Engagement Initiative is a framework to promote increased trade and investment cooperation between the US and ASEAN.

Tax & Accounting

Indonesia Passes Major Tax Overhaul Bill

10/13/2021

Indonesia’s parliament has approved the Harmonized Tax Law, which will overhaul the existing tax structure.

Minimum Global Corporate Tax Rate: Implications for Singapore

10/12/2021

With the global minimum corporate tax rate set to take effect, there will the implications for foreign investments in Singapore.

Indonesia’s Omnibus Law: New Tax Treatment to Support Ease of Doing Business

09/10/2021

Learn about new income tax exemptions for foreign dividends received by domestic taxpayers, reduced WHT on bond interest, and other tax law amendments.

Stamp Duty in Indonesia: New Law in Effect

09/07/2021

On January 1, 2021, Indonesia’s Law No. 10 of 2020 on Stamp Duty (the “Law”) came into effect, replacing the previous stamp duty law from 1985.

Tax Incentives for Special Economic Zones in Indonesia

09/02/2021

Indonesia has pledged to make the SEZs a policy priority to attract foreign investment – further facilitated through its tax incentive programs.

A Guide to Withholding Taxes in Singapore

08/30/2021

Withholding taxes in Singapore are low by global standards, in line with the city-state’s reputation for business-friendly policies.

Legal & Regulatory

Indonesia’s Omnibus Law: Halal Certification to Impact Businesses

10/08/2021

Indonesia's GR 39/2021 mandates businesses in most industries to be Halal compliant and Halal certified.

Electronic Signatures in Singapore: What Businesses Need to Know

09/21/2021

Individuals and companies are increasingly using electronic signatures, or e-signatures, to sign contracts and complete other transactions in Singapore.

E-Commerce License and Permit Fees in Cambodia

09/01/2021

Companies and individuals engaging in e-commerce in Cambodia must now apply for relevant permits and licenses, or risk fines for non-compliance.

How to Claim Investment Promotion Incentives in Laos: New Guidelines in Effect

08/26/2021

Foreign investors in Laos face new requirements for accessing investment promotion incentives.

How to Set Up a Limited Liability Company in Indonesia

08/10/2021

Foreign investors looking to establish a new Limited Liability Company in Indonesia are required to follow certain key steps. Read our article to know what these procedures are.

Company Dissolution in Indonesia: A Guide for Foreign Investors

08/03/2021

The company dissolution process in Indonesia can be voluntary or non-voluntary. This article explores the steps that foreign investors should take when liquidating their Indonesian businesses.

Industries

Singapore Exchange Becomes the First Major Bourse in Asia to Allow SPAC Listings

09/24/2021

As of September 3, 2021, the Singapore Exchange is among Asia’s first major bourse to allow the listing of special purpose acquisition companies (SPACs).

Digital Banking in Malaysia: New Opportunities for Fintech

09/15/2021

Malaysia’s central bank is set to issue its first digital banking licenses in early 2022, a move that could position the country as one of Southeast Asia’s leaders in fintech.

High-Tech in Thailand: Incentives for R&D, Semiconductors, and Smart Packaging

09/14/2021

Thailand has released new incentives for investments in R&D, semiconductor manufacturing, smart packaging, and other digital technologies.

Opportunities in Malaysia's Rubber Glove Industry

09/06/2021

The upsurge in global demand for PPE presents many scalable opportunities in Malaysia’s rubber glove industry.

Bukalapak Becomes Indonesia’s First Listed Tech Unicorn

08/25/2021

Indonesian e-commerce platform Bukalapak became the country’s first listed tech unicorn as the company made its debut on the Indonesian Stock Exchange.

Thailand’s Sandbox Reopening: Implications for Tourism in Southeast Asia

08/23/2021

Since July 2021, Thailand has allowed foreign travelers to enter the island of Phuket via the Phuket Sandbox program.

HR & Payroll

Cambodia Introduces New Pension Scheme

10/15/2021

In March 2021, Cambodia introduced Sub-Decree 32 which implements a new pension scheme in the country.

What are Indonesia's Latest Guidelines on International Travel?

10/15/2021

Only foreigners with work, business, or residency permits can enter Indonesia, although they will be placed in quarantine for five days.

Hiring Costs in ASEAN

10/04/2021

When assessing labor costs in ASEAN, foreign investors should be aware that governments are increasing social protection expenditure in areas such as pensions, health coverage, and welfare assistance.

Three Key Factors Impacting Human Resource Development in ASEAN

09/30/2021

Digital transformation, climate change and green investments, and ageing societies present new challenges and opportunities for foreign investors in ASEAN.

Indonesia’s Omnibus Law: Changes to the Immigration Law

09/23/2021

Indonesia issued Government Regulation 48 of 2021 (GR 48/2021) in March 2021 which amends the country’s immigration law.

ASEAN Talent and HR Compensation Benchmarking – Latest Issue of ASEAN Briefing Magazine

08/23/2021

In this issue of the ASEAN Briefing magazine, we provide an overview of current talent availability in ASEAN and the future factors that will impact its human resources.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
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