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Economy & Trade

Indonesia Explores Revisions to Enhance Micro Loan Subsidy Program

07/23/2024

Indonesia is considering revisions to its micro loan subsidy program while debating the reinstatement of a COVID-era loan restructuring policy.

Instant Mobile Transfers from Singapore to Four Countries: A Breakthrough in Cross-Border Payments

07/22/2024

A groundbreaking payment system is set to revolutionize how Singaporeans send money to four key Asian countries.

Singapore and Cambodia Launch Digital Corridor to Boost SME Trade

07/08/2024

The Financial Transparency Corridor aims to boost trade and investment between Singapore and Cambodian SMEs by improving data accessibility and credit assessments.

Malaysia-Singapore Economic Relations: Trade and Investment Outlook

06/29/2024

Malaysia and Singapore's strong trade, strategic projects, and sector collaborations enhance regional growth and connectivity, positioning them as key ASEAN players.

Australia Commits New Investments to Strengthen Ties with Southeast Asia

06/20/2024

The Australian government has committed AU$505 million to strengthen ties with Southeast Asia as part of the government’s 2024-2025 budget.

Singapore-China Bilateral Relations: Trade and Investment Outlook

06/12/2024

The evolving trade and investment landscape between Singapore and China showcases enduring cooperation while highlighting emerging challenges.

Tax & Accounting

Electric Vehicle Imports in the Philippines Benefit from Expanded Zero-Tariff Rates

07/26/2024

The Philippines has extended its zero-tariff rates on EV imports, aligning with its commitment to develop a domestic electric vehicle market.

Singapore Could Grant Tax Rebates to Refineries for 2024-25

07/22/2024

Singapore’s refining hub faces new carbon taxes, but proposed rebates aim to sustain its competitive edge.

Audit and Compliance in the Philippines: A Guide for Foreign Investors

07/18/2024

The Philippines is modernizing its tax administration by simplifying compliance and introducing a 'file and pay anywhere' system for enhanced taxpayer convenience.

A Guide to Taxation in the Philippines - Updates for 2024

07/16/2024

The Philippines imposes a territorial tax system, meaning only Philippine-sourced income is subject to taxes.

Audit and Compliance in Malaysia: A Guide for Foreign Investors

07/10/2024

The Companies Commission of Malaysia is proposing a change to the criteria for audit exemptions.

Income Tax Exemptions on Export Revenues from Indonesian Natural Resources

06/26/2024

Explore Indonesia's GR 22/2024 regulation offering tax exemptions for natural resource exporters.

Legal & Regulatory

Indonesia Explores Revisions to Enhance Micro Loan Subsidy Program

07/23/2024

Indonesia is considering revisions to its micro loan subsidy program while debating the reinstatement of a COVID-era loan restructuring policy.

New Guidelines for Beneficial Ownership Reporting in Malaysia

07/12/2024

New guidelines in Malaysia mandate comprehensive reporting of beneficial ownership, enhancing transparency and compliance in corporate governance.

Indonesia's Positive Investment List: Sectors Open and Restricted to Foreign Businesses

06/28/2024

Indonesia's Positive Investment List allows 100% foreign investment in over 200 business lines, with several incentives for priority sectors.

Singapore Designates Nine Entities Critical to National Security Under New Investment Law

06/07/2024

Singapore has issued a list of nine entities that are deemed critical to national security under the new Investment Review Act.

Vietnam’s Updated Telecommunications Law Takes Effect July 1

05/15/2024

Vietnam's updated telecommunication law, designed to align with the current digital economy, will take effect on July 1, 2024. Specific provisions regarding data centers, cloud computing, OTT services, and network number fees will become effective on January 1, 2025.

New Thai Law Targets Cross-Border Data Flows

05/07/2024

Thailand's PDPC issued two regulations on cross-border data transfers which broaden options for companies conducting lawful cross-border transfers.

Industries

Indonesia Strengthens Pharma Sector with Novo Nordisk Partnership

07/25/2024

Novo Nordisk’s partnership with Bio Farma underscores Indonesia’s expanding role in biopharmaceuticals and local insulin production.

Singapore Could Grant Tax Rebates to Refineries for 2024-25

07/22/2024

Singapore’s refining hub faces new carbon taxes, but proposed rebates aim to sustain its competitive edge.

Singapore Boosts Quantum Computing Investment

07/14/2024

Singapore's quantum computing investments aim to solidify its status as a premier hub for quantum technologies.

Southeast Asia’s First EV Battery Plant Begins Operations in Indonesia

07/05/2024

Indonesia has launched Southeast Asia’s first electric vehicle battery plant, marking a significant milestone in its ambition to become a leading global producer of EV batteries.

Accelerating Connectivity: The Thailand-China Railway Project

06/24/2024

Explore the Thailand-China Railway Project and its role in enhancing regional connectivity and economic integration, part of the broader Belt and Road Initiative.

Google's US$5 Billion Bet on Singapore's Data Center Future

06/21/2024

Google has completed its fourth data center in Singapore. With this completion, the company has raised its investment in the country’s digital infrastructure to US$5 billion.

HR & Payroll

Overhaul for Malaysia's My Second Home Program: What You Need to Know

07/03/2024

Malaysia's MM2H program introduces a three-tier system with mandatory property purchases and revised visa requirements.

Updates to Employment Permits for Professional Foreign Workers in Singapore

07/01/2024

Singapore's Ministry of Manpower provides a range of employment permits for professional expatriates planning to work in the country.

Supporting Families: Indonesia's New Law on Maternity and Paternity Leave

06/27/2024

Indonesia's new draft legislation aims to extend maternity leave to six months to combat child stunting and enhance family health.

Navigating Indonesia's Housing Savings Program: What You Need to Know

06/14/2024

Indonesia’s government plans to introduce a mandatory public housing savings program (Tapera) for employees in the private sector and those who are self-employed.

Regional Minimum Wages to Increase Across Vietnam 2024

05/29/2024

Vietnam's Ministry of Labor, War Invalids, and Social Affairs has proposed a six percent increase in the minimum wage, effective July 1, 2024.

The Guide to Employment Contracts for Foreign Workers in Indonesia

05/22/2024

Applying for an employment permit in Indonesia as a foreigner involves several steps and requirements. We provide a detailed guide.

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