ASEAN Briefing News

Understanding Social Insurance in Singapore

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We discuss the Central Provident Fund (CPF) and the Retirement Sum Topping-Up (RSTU) scheme – key components of Singapore’s social insurance.

Religious Holiday Allowances in Indonesia: Obligations for Businesses

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With the upcoming Eid-al Fitr holiday in Indonesia, businesses must pay the religious holiday allowance, also known as Tunjangan Hari Raya (THR).

Increase in Social Insurance Rates for Foreign Employees in Vietnam

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Since January 1, 2022, foreign workers in Vietnam have been subject to increased social insurance rates.

Singapore to Increase Central Provident Fund Contributions From 2022

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Singapore will increase the Central Provident Fund (CPF) contribution rates for employees aged 55 to 70 years from January 1, 2022.

Changes to Social Security Rates in Indonesia for 2021

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Indonesia has increased its social security premiums for Class III participants but has reduced the maximum wage base for pensions for 2021.

The Philippines to Suspend Social Security and Healthcare Premium Hikes for 2021

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The country passed House Bill’s No. 8461 and 8512 which authorizes the suspension of premium contribution hikes for social security programs.

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