Philippines’ Finance Secretary Recommends 7 Percent Corporate Income Tax Cut
The Philippines’ Finance Secretary, Carlo Dominguez, has recommended a corporate income tax rate of 25 percent, reduced from the current 32 percent as part of the Government’s Comprehensive Tax Reform Program (CTRP).
Thailand in 2017: a Changing Investment Landscape
After a challenging year, both economically and socially, 2017 has been touted by some as a pivotal year for the Thai economy and ‘the year of concrete national reform’. Here, we discuss what is on the horizon for Thailand’s investment landscape in 2017.
ASEAN Regulatory Brief: Building Fines in Myanmar, Air Cargo Subsidies in Indonesia, and Quality Inspection in Laos
In this week’s Regulatory Brief, we discuss the hefty fines for building violations in Myanmar, new air cargo subsidies in Indonesia, and tightened quality inspection measures for the food, beverage, and drug sectors in Laos.
Getting a Grip on Malaysia’s Rubber Glove Industry
About 133.6 billion pieces of rubber gloves – 63 percent of the world total – came from Malaysia in 2016, as the Southeast Asian nation has carved a niche in the industry. Exports were worth an estimated RM 14.3 billion, continuing the country’s streak as the world leader in rubber glove production for over two decades running.
Electrifying Laos: Opportunities for FDI in 2017
While Laos is still one of the poorest members in ASEAN, the country has posted strong growth rates for the past ten years, typically oscillating between seven and eight percent. Here, we outline opportunities for FDI in this emerging economy.
An Introduction to Doing Business in Singapore 2017 – New Publication from Dezan Shira & Associates
An Introduction to Doing Business in Singapore 2017, designed to introduce the fundamentals of investing in Singapore, is out now and available for complimentary download in the Asia Briefing Publication Store.
Investing in the Philippines: What to Expect in 2017
FDI into the Philippines reached US$6.2 billion through the first 10 months of 2016 – a 22.2 percent increase over the US$5.1 billion accumulated over the same period in 2015. The Philippines’ strong economic performance is projected to continue in 2017 on the back of tax reforms, domestic spending, infrastructure development, and remittances.
Sourcing Talent in ASEAN: A Guide to Regional Opportunities
With over 625 million inhabitants spanning 10 member states, ASEAN is endowed with a diverse workforce capable of supporting a multitude of manufacturing and service based investments. In this extract from the latest issue of ASEAN Briefing Magazine, we look at sourcing talent in Southeast Asia.
Making Sense of Thailand’s Foreign Business Act
The Foreign Business Act is the predominant legislation governing foreign investment in Thailand, and has recently been amended to open more industries to overseas investors. This article outlines the key features of the Foreign Business Act, including the recent update and its implications.
Singapore and India to Include Limitation of Benefits in DTAA Amendment: Implications for Foreign Investors
On April 1, 2017, Singapore and India’s amended Double Taxation Avoidance Agreement will come into effect, including a Limitation of Benefits clause. Find out more about what this clause includes and what its implications are on bilateral trade between Singapore and India.