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Economy & Trade

Singapore's Ambitious AI Investment Plan

03/13/2024

Singapore aims to strengthen its position as a global business and innovation hub by investing more than S$1 billion into artificial intelligence over the next five years.

The ASEAN-Australia Special Summit 2024: An Overview

03/08/2024

Australia hosted ASEAN member states for the ASEAN-Australia Special Summit. It also marked 50 years of Australia’s dialogue partnership with ASEAN.

Unlocking ESG Reporting Requirements in Singapore – Latest Issue of ASEAN Briefing Magazine

03/04/2024

The latest ASEAN Briefing Magazine, titled “Unlocking ESG Reporting Requirements in Singapore”, is out now for free download.

Singapore Budget 2024: A Strategic Blueprint for Business Growth and Sustainability

02/23/2024

Singapore's Budget 2024 strategically addresses the dual challenges of rising operational costs and the imperative for sustainable development.

Indonesia’s General Elections: What it Means for Investors

02/19/2024

Indonesia's recent election and the presidency of Prabowo Subianto could mean a continuation of economic policies with a focus on growth, resource sector opportunities, and economic reforms.

Understanding Singapore’s 2024 GDP Forecast

02/16/2024

Singapore maintains a cautiously optimistic economic outlook despite global uncertainties, with projections indicating a modest growth range of 1 to 3 percent.

Tax & Accounting

Indonesia Issues New Tax Incentives to Spur EV Production and Sales

03/15/2024

Indonesia’s Ministry of Finance issued new tax incentives to spur electric vehicle production and sales in the country.

Key Tax Changes for Foreign Firms in Vietnam

02/22/2024

Changes to several taxes in Vietnam have taken effect in 2024. Some of these changes have been made to provide economic stimulus, whereas others have been made to bring Vietnam’s tax policies in line with international tax regimes.

Taxation of Foreign Sourced Income in Thailand Begins in 2024

02/12/2024

Instruction No. Paw 161/2566 states that Thai taxpayers who derive assessable income from abroad must pay tax on that income after bringing such income to Thailand.

Malaysia Imposes Tax on the Import of Low Value Goods

01/23/2024

As of January 1, 2024, Malaysia has imposed a new 10 percent sales tax on the import of low-value goods sold online in the country.

Tax Transformation: Indonesia Introduces New Income Tax Regulations

01/17/2024

Indonesia’s government has introduced Government Regulation 58 of 2023 (GR 58/2023) on new income tax deduction rates for individual taxpayers.

Singapore Increases Goods and Services Tax for 2024

01/02/2024

Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of January 1, 2024.

Legal & Regulatory

Understanding Privacy Compliance in Indonesia

03/12/2024

A privacy notice in Indonesia serves as an external document, informing customers about the utilization of their data and outlining their data privacy rights.

Picking the Right Entity for Manufacturing in Indonesia

03/06/2024

Establishing a foreign investment company is the optimal choice for foreign investors seeking to establish a manufacturing presence in Indonesia.

Applying ESG Metrics for Sustainability Reports in Singapore

03/01/2024

Singapore's SGX recommends a set of 27 core ESG metrics for sustainability reporting, which are subject to periodic review and revision to stay aligned with evolving international reporting standards.

Navigating ESG Reporting in Singapore

02/28/2024

Sustainability reporting in Singapore has evolved since the turn of the millennium with reporting provisions for Singapore-based companies have slowly increased.

Laos Implements Mandatory Bank Accounts for Foreign Investors

02/21/2024

The Bank of the Lao PDR issued a new regulation that mandates foreign investors to open a local bank account within 15 days of obtaining a business license.

Philippines Enacts New E-Commerce Regulation

02/15/2024

The Philippines government has adopted the Internet Transactions Act of 2023 (ITA), a new law governing the country’s e-commerce industry.

Industries

Indonesia’s Electric Battery Industrial Strategy

02/02/2024

Indonesia's ambitious targets in the electric battery industry offer a prime opportunity for strategic investments and partnerships.

Unlocking Opportunities: Malaysia Removes Visa Requirements for Chinese and Indian Travelers

01/24/2024

Malaysia has removed visa requirements for Chinese and Indian travelers as the country aims to boost its tourism industry.

Coal Production Goals vs. Environmental Responsibility: Indonesia's Dilemma in 2024

01/19/2024

With Indonesia aiming for a coal production of 710 million tons in 2024, the country is driving a delicate balance between economic growth and emission reduction.

Malaysia's Semiconductor Sector Beckons Foreign Investors

01/16/2024

Malaysia wants to develop its semiconductor industry beyond assembly and testing into more value-added production such as integrated circuit design.

Opportunities for Investors in Indonesia’s Cosmetics Industry

01/05/2024

We discuss the business opportunities catering to halal cosmetics and personal care products in Indonesia's beauty industry as domestic purchasing power increases.

Renewable Energy Manufacturing Potential in Southeast Asia

12/28/2023

Southeast Asia has the potential to be a global leader in renewable manufacturing while simultaneously achieving its economic growth targets.

HR & Payroll

Malaysia’s Revised Residency Program: Tackling Cost Concerns

03/06/2024

Malaysia’s government revised its residency program, the Malaysia My Second Home program, and eased the requirements by which foreigners are eligible for the residency permit.

Updates on Indonesia's Social Security Schemes

02/27/2024

The Indonesian Government introduced the second amendment to the Work Accident Benefit and the Life Insurance social security programs.

Boosting Tourism: Thailand, Malaysia, Singapore Target Chinese Travel Spending

02/09/2024

Thailand, Malaysia, and Singapore are offering visa-free travel to Chinese tourists during the first Spring Festival (Chinese New Year / CNY) holiday since Beijing lifted pandemic travel restrictions.

New Work Permit Rules for Foreign Employees in Cambodia

01/30/2024

Cambodia’s Ministry of Labor Notification No. 110/23 clarifies the parties that are required to apply for work permits and employment cards.

A Guide to HR Compliance in the Philippines

01/12/2024

Expatriate workers and their employers in the Philippines must understand the process of obtaining a work visa and employment permit to legally work in the country.

Thailand Issues New Investor Visa for Eastern Economic Corridor

12/04/2023

Thailand’s Eastern Economic Corridor has issued a new investor visa in a bid to boost foreign investments in targeted industries.

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