ASEAN Briefing News

Navigating ESG Reporting in Singapore

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

Updates on Indonesia’s Social Security Schemes

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

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

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

Key Tax Changes for Foreign Firms in Vietnam

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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.

Laos Implements Mandatory Bank Accounts for Foreign Investors

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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.

Indonesia’s General Elections: What it Means for Investors

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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

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

Philippines Enacts New E-Commerce Regulation

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

Navigating Personal Data Protection in Indonesia

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Indonesia’s personal data protection law states the types of legal basis for obtaining and processing personal data as well as the criminal and administrative sanctions for non-adherence.

Taxation of Foreign Sourced Income in Thailand Begins in 2024

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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.

 

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