The latest issue of ASEAN Briefing Magazine, titled “Human Resources in ASEAN“, is out now and available to subscribers as a complimentary download in the Asia Briefing Publication Store through the month of January.
In this issue of ASEAN Briefing
- Sourcing Talent in ASEAN: A Guide to Regional Opportunities
- Assessing Regional Wage Differentials
- Overtime and Social Insurance Compliance Considerations
Understanding the dynamics of ASEAN’s labor market can prove a time-consuming endeavor for new market entrants as well as established investors seeking to expand their operations. Comprised of 10 member states, each with unique opportunities, regulations, and challenges, optimizing labor within the region is a significant but worthwhile challenge.
Although optimization of ASEAN based investment can present a degree of uncertainty due to the magnitude of regulation and diversity within the regional bloc’s labor markets, those with up-to-date information on staffing regulation, prevailing hiring conditions, and costs between markets will be able to make targeted decisions pertaining to the location and structure of their operations. Given ASEAN’s rapid growth, and to ensure that costs are kept to a minimum, it is critical that companies not only employ systems of market analysis prior to entry, but maintain these systems as their operations mature.
In this issue of ASEAN Briefing, we discuss the prevailing structure of ASEAN’s labor markets and outline key considerations regarding wages and compliance at all levels of the value chain. We highlight comparative sentiment on labor markets within the region, showcase differences in cost and compliance between markets, and provide insight on the state of statutory social insurance obligations throughout the bloc.
Dezan Shira & Associates has a growing team of human resource specialist throughout ASEAN providing our clients with years of combined experience in assisting foreign enterprises navigate and select labor markets effectively within ASEAN. For questions on how to best optimize your investments within ASEAN, please contact us at firstname.lastname@example.org.
Asia Briefing Ltd. is a subsidiary of Dezan Shira & Associates. Dezan Shira is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in China, Hong Kong, India, Vietnam, Singapore and the rest of ASEAN. For further information, please email email@example.com or visit www.dezshira.com.
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Annual Audit and Compliance in ASEAN
For the first issue of our ASEAN Briefing Magazine, we look at the different audit and compliance regulations of five of the main economies in ASEAN. We firstly focus on the accounting standards, filing processes, and requirements for Indonesia, Malaysia, Thailand and the Philippines. We then provide similar information on Singapore, and offer a closer examination of the city-state’s generous audit exemptions for small-and-medium sized enterprises.
The Trans-Pacific Partnership and its Impact on Asian Markets
The United States backed Trans-Pacific Partnership Agreement (TPP) includes six Asian economies – Australia, Brunei, Japan, Malaysia, Singapore and Vietnam, while Indonesia has expressed a keen willingness to join. However, the agreement’s potential impact will affect many others, not least of all China. In this issue of Asia Briefing magazine, we examine where the TPP agreement stands right now, look at the potential impact of the participating nations, as well as examine how it will affect Asian economies that have not been included.
An Introduction to Tax Treaties Throughout Asia
In this issue of Asia Briefing Magazine, we take a look at the various types of trade and tax treaties that exist between Asian nations. These include bilateral investment treaties, double tax treaties and free trade agreements – all of which directly affect businesses operating in Asia.