Quick Response Code (QR Code) is increasingly being used as one of the digital payment methods in Indonesia. In view of this, Bank Indonesia (BI) plans to issue a regulation related to standardization of QR Code payment in the country.
Bank Indonesia, the country’s central bank recently announced a relaxation of the loan-to-value (LTV) and financing-to-value (FTV) ratios in the real estate sector. The move, which will come into effect from August 1, 2018, will reduce the down payment obligations of property buyers.
Bank Indonesia (BI), the country’s central bank recently raised its key interest rate for the second time within a span of just two weeks. The move is seen as an attempt to arrest the volatility of the Rupiah, the country’s currency as well as to prevent the outflow of capital from the archipelagic nation.
Singapore has launched a new financial technology (FinTech) Fast Track initiative that provides an expedited patent application-to-grant process for financial technology innovations. Read more in our latest Regulatory Brief.
In this week’s ASEAN Regulatory Brief, we highlight Myanmar’s Special Commodity Tax exemptions for emeralds and diamonds, discuss Thailand’s reduced VAT rate extension, and focus on Indonesia’s proposed luxury tax cuts for sedans.
In this week’s ASEAN Regulatory Brief, we highlight Laos’ incentives for tourism sector investors, discuss Brunei’s latest Halal regulations, and focus on the lifting of the livestock export ban in Myanmar.
In this week’s ASEAN Regulatory Brief, we analyze Malaysia’s latest GST waiver for certain goods and services, discuss Thailand’s new decree to regulate foreign workers, and highlight the ten priority FDI sectors identified by Myanmar for preferential treatment.
In this week’s ASEAN Regulatory Brief, we focus on Myanmar’s recent decision to open several new sectors to trading by foreign companies, discuss Thailand’s new excise tax rates for electric vehicles, and highlight Cambodia’s new regulations for its fintech sector.
In this week’s ASEAN Regulatory Brief, we focus on Malaysia’s incoming tourism tax, discuss Thailand’s proposed land windfall levy, and highlight Philippines’ upcoming excise tax on sugar-sweetened beverages.