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January 25, 2024
Business updates and special topic events, specially curated for global foreign investors in...
 
25 January 2024View in Browser
 
 

Weekly business and foreign investment news roundup in Asia

by Asia Briefing and Dezan Shira & Associates.

 
 

ASEAN EDITION

 
 
 

TOP STORIES THIS WEEK:

 
 
 
Unlocking Opportunities: Malaysia Removes Visa Requirements for Chinese and Indian Travelers
 
Malaysia has removed visa requirements for Chinese and Indian travelers from December 1, 2023, as the country aims to boost its tourism industry – a vital contributor to the economy. The visa-free scheme will run...
 
 
 
Malaysia Imposes Tax on the Import of Low Value Goods
 
As of January 1, 2024, Malaysia has imposed a new 10 percent sales tax on the import of low-value goods (LVG) sold online in the country. The ruling was postponed since its announcement in the 2022 national budget.
 
 
 
Coal Production Goals vs. Environmental Responsibility: Indonesia's Dilemma in 2024
 
With Indonesia aiming for a coal production of 710 million tons in 2024, the country is driving a delicate balance between economic growth and emission reduction.
 
 
 
Singapore and Malaysia Plan Joint Special Economic Zone in Johor State
 
Singapore and Malaysia are partnering to create a special economic zone (SEZ) in Malaysia's Johor state (JS-SEZ), adjacent to the Singaporean border. The joint effort is designed to foster stronger business...
 
 
 
Tax Transformation: Indonesia Introduces New Income Tax Regulations
 
Indonesia’s government has introduced Government Regulation 58 of 2023 (GR 58/2023) on new income tax deduction rates for individual taxpayers. GR 58/2023 became effective on January 1, 2024. The new regulation aims...
 
 
 
Malaysia’s Semiconductor Sector Beckons Foreign Investors
 
Malaysia is seeking to attract more investments to help its semiconductor industry move up the value chain in the chips industry, particularly for chips used in electric vehicles.
 
 
 

We hope you're enjoying this ASEAN Edition.

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NEW PUBLICATIONS FOR COMPLIMENTARY DOWNLOAD:

 
 
An Introduction to Doing Business in ASEAN 2024
 
 
An Introduction to Doing Business in ASEAN 2024
 
We introduces the fundamentals of investing in ASEAN countries, from corporate establishment, tax advisory, bookkeeping, to HR & payroll, double tax agreements, audit & compliance.
 
 
 
 
An Introduction to Doing Business in Vietnam 2024
 
We provide investors with an overview of the fundamentals of investing and doing business in Vietnam, with all information a firm might need to not only establish itself, but also to thrive, in Vietnam.
 
 
 
An Introduction to Doing Business in China 2024
 
This guide familiarises investors with business landscape & explores new methods of doing business in China — to identify areas of risk and prepare for new opportunities.
 
 
 
An Introduction to Doing Business in India 2024
 
This guide covers essential aspects of investing in India, including corporate establishment, investment climate, tax, audit, accounting, HR, payroll, and the trade environment.
 
 
 

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UPCOMING EVENTS FOR ASIA:

 
 
 
Investing and Doing Business in Vietnam - Key Sectors, FTAs, and FDI Opportunities in 2024
 
Webinar | Wednesday, January 31, 2024 4:00 PM Vietnam / 5:00 PM China / 10:00 AM CET
 
 
 
Singapore’s ESG Reporting Compliance: Understand the Framework for Your Strategy in 2024
 
Webinar | Tuesday, February 20, 2024 | 4:00 PM Singapore / 3:00 PM ICT / 10:00 AM CET
 
 
 
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