Other Briefings
ASEAN Regulatory Brief: Changes to Indonesian Labor Law, and Changes in the Philippines’ Hospitality Industry
In this edition of ASEAN Regulatory Brief, ASEAN Briefing covers amendments to an unpopular labor law in Indonesia, and the fight against competition with the upstart Airbnb by established hoteliers.
ASEAN Regulatory Brief: Thai Stimulus, Indonesian Tax Amnesty, and a the Philippines’ Safety Bill
In this edition of ASEAN Regulation Brief, we take a look at Thailand’s stimulus package, and mooted tax amnesty in Indonesia, and a new safety bill in the Philippines.
Indonesia to Provide Tax Relief to Exporters on Interest Earned from Deposits in Local Banks
Indonesia has announced that it will provide tax relief to exporters on the interest earned from deposits in local banks. The move is part of a larger policy package, launched last month, which aims to jumpstart the economy through greater investment. The performance of the country’s economy has been disappointing for some time now, and the rupiah continues to be weak, falling to its lowest level since the 1997-98 Asian Financial Crisis at the beginning of 2015.
Indonesia to Implement Policy Package to Strengthen Lackluster Economy
As Indonesia continues to struggle with an economy that refuses to strengthen adequately, President Joko Widodo has launched a policy package intended to jumpstart economic growth in the country.
Indonesian FDI Highest Among ASEAN Members in First Half of 2015
With growing uncertainty over China’s economic stability, recent FDI statistics released by the Financial Times come as a reassurance that investors are taking a more pragmatic, nuanced approach towards risk mitigation in Asia.
Indonesia Expands List of Pioneer Industries Eligible for a Tax Holiday
Indonesia’s Ministry of Finance (MOF) has announced that it will extend its list of “pioneer” industries that qualify for tax holidays. Such companies are eligible to receive a 70 percent exemption from income tax for between five and 15 years, as well as additional financial incentives. The proposed changes should take effect later this month.
Indonesia Raises Import Tax on a Range of Goods
The Indonesian government has announced that it is raising the import tax rate on a large number of goods, including food, clothing, and other consumer products. The move comes as the country continues to search for a method of jumpstarting its weak economy, which has been experiencing its slowest growth in six years. The government is also hoping that the new tax rates will help support and grow local industries.
Indonesian Yarn Manufacturers Seek Safeguards to Prevent Foreign Yarn Dumping
Led by the Indonesian Synthetic Fiber Association (ISFA), yarn manufacturers in Indonesia are petitioning their government to impose a temporary safeguard duty on imported yarn products.
Beijing to Sydney by Train: The Potential Development of a Singapore, Indonesia & Australia Rail Network
The China-Singapore rail project has been getting a lot of attention over the past few years as these routes continue to develop. But why stop at Singapore? How about taking the train from Beijing to Sydney? In this article, Chris Devonshire-Ellis discusses the creation of such a rail route.
Indonesia to Change Luxury Goods Tax, Mulls Raising PIT-Exempt Threshold
Several items will soon be exempt from Indonesia’s luxury tax. The country is also considering raising the individual income tax-free allowance by 50%.
