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March 28, 2024
Business updates and special topic events, specially curated for global foreign investors in...
 
28 March 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:

 
 
 
A Guide to Estimated Chargeable Income Filing in Singapore
 
Incorporated companies in Singapore must file an Estimated Chargeable Income (ECI) for each year of financial assessment. The ECI is calculated based on the company’s total income minus the taxable allowance and other...
 
 
 
Digital Platforms Obligated to Pay for Media Content in Indonesia
 
Indonesia’s President Joko Widodo signed a Presidential Regulation that will require companies such as Meta and Google to pay news publishers to feature media content on their platforms. The president stated that the...
 
 
 
Hanoi's Push to Become Southeast Asia's Semiconductor Hub
 
Hanoi, the capital of Vietnam, is taking measures to realize its ambition to become a hub for semiconductor production in Vietnam by 2050. This strategy is part of the country’s National Master Plan for 2021-2030 with...
 
 
 
Singapore’s Ambitious AI Investment Plan
 
Singapore aims to strengthen its position as a global business and innovation hub by investing more than S$1 billion or more than US$743 million into artificial intelligence (AI) over the next five years. The move was...
 
 
 
Religious Holiday Allowances in Indonesia: Obligations for Businesses
 
With the upcoming Eid-al Fitr holiday in Indonesia expected to fall on around 10-11 April 2024, businesses are obligated to pay the religious holiday allowance, also known as Tunjangan Hari Raya (THR).
 
 
 

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COMPLIMENTARY BUSINESS RESOURCES:

 
 
Corporate Tax Planning for Businesses in Vietnam in 2024
 
 
Corporate Tax Planning for Businesses in Vietnam in 2024
 
Vietnam has a highly competitive tax structure, which has attracted foreign investors across a spectrum of industries. In this tax report by Vietnam Briefing, we discuss the country’s Corporate Income Tax system, key...
 
 
 
 
Inside India's Manufacturing Revolution: Strategies and Insights for Business Success
 
India is emerging as an important manufacturing destination in Asia due to several factors. We discuss market entry strategies for foreign companies and expansion strategies for local players aiming to attract foreign...
 
 
 
Unlocking ESG Reporting Requirements in Singapore
 
In this latest issue of ASEAN Briefing, we dive into the regulatory requirements of ESG reporting in Singapore before describing what needs to be included in an ESG report. Finally, we discuss the ESG core metrics...
 
 
 

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UPCOMING EVENTS FOR ASIA:

 
 
 
Navigating Data Compliance in Singapore and China: Insights for Multinational Businesses
 
Seminar/Panel | Singapore | 9:00AM-11:00AM
 
 
 
Unlocking Vietnam's Digital Potential: Prospects for FDI and Government Support
 
Webinar | Wednesday, April 17, 2024 | 3:30 PM Vietnam / 4:00 PM Singapore / 10:30 AM CEST
 
 
 
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