Indonesia has increased its social security premiums for Class III participants but has reduced the maximum wage base for pensions for 2021.
Indonesia’s GR 35/2021 stipulates significant changes to fixed-term employment contracts, outsourcing, hours of work, and the termination of employment procedure.
Businesses in Cambodia have until May 31, 2021 to submit their annual foreign employee quota applications for 2021.
GR 34/2021 regulation aims to ease the process of hiring foreign workers in Indonesia.
Vietnam’s labor market varies across the country and can prove challenging for first-time investors.
Singapore’s foreign worker quota will be reduced for the manufacturing sector from 20 percent to 15 percent by January 2023.
The country passed House Bill’s No. 8461 and 8512 which authorizes the suspension of premium contribution hikes for social security programs.
As of January 1, 2021, Cambodia’s monthly minimum wage rate for regular workers is US$192, an increase from US$190 in 2020.
Vietnam’s National Assembly approved a new Labor Code which took effect in January 2021.
ASEAN Briefing outlines Indonesia’s official public holidays in 2021. Businesses should take note of the official holiday schedule and plan accordingly.