ASEAN Briefing News

Indonesia Market Prospects for EV Sales and Manufacturing

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We discuss prospects for foreign investors in the Indonesia market for electric vehicles, supported by enabling government policies and raw material supplies.

Cambodia Increases Minimum Wage for Garment, Footwear, Travel Product Sectors for 2024

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Cambodia’s vital GFT industries, encompassing garments, footwear, and textiles, are set for a minimum wage increase in 2024. We’ve observed adjustments in minimum wages for various worker categories, including regular, probationary, and piece-rate employees.

Investing in Indonesia: The 2023 Mid-Year Investment Report

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In this H1 2023 Indonesia investment report, we discuss the performance of standout sectors and highlight areas ripe for foreign capital infusion, business development, and trade expansion.

Singapore-Australia Trade and Investment: A Strategic Review

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We discuss the dynamics of Singapore-Australia trade and investment, covering mineral fuels and oil, property, and emerging sectors like the digital economy and the green transition across multiple industries.

Laos Launches Digital Currency Trial

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Laos has successfully trialed a digital currency prototype—the Digital Lao Kip—in cooperation with Japanese fintech company SORAMITSU.

Indonesia-Iran Preferential Trade Agreement: Unlocking Investment Prospects

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Indonesia and Iran signed a preferential trade agreement (PTA) on May 23, 2023, with the aim to increase trade and strengthen diplomatic relations.

Singapore to Introduce Revised Tax Incentives for Family Offices

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Singapore’s central bank is set to introduce revised tax incentives and requirements for single family offices (SFO) to achieve key goals.

Singapore-UK Bilateral Investment Treaty: Status of Negotiations

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Singapore and the UK are in the midst of negotiations on an updated bilateral investment treaty under the UK-Singapore Free Trade Agreement.

A Guide to Corporate Income Tax in Indonesia

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The corporate taxation (CIT) regime in Indonesia is governed by the Harmonized Tax Law and the CIT rate is 22 percent for the 2023 fiscal year.

Leveraging Singapore’s Incentives and Schemes for Industry 4.0 Investments

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We list the fiscal and non-fiscal incentives that Singapore offers to encourage the development of high-value and Industry 4.0 activities.

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