State by State – ASEAN and Pennsylvania Trade
Pennsylvania is an important economic player within the US and the world. The state’s service industry and hi-tech manufacturers stand to benefit from the TPP and look to ASEAN as an increasingly important trade partner.
State by State – ASEAN and Ohio Trade
Ohio is a major state economy in the US thanks to the trade relationships Ohio-based companies have with other countries. ASEAN in particular has been a key trade partner with future potential for growing trade links under the TPP.
Indonesia to Implement Policy Package to Strengthen Lackluster Economy
As Indonesia continues to struggle with an economy that refuses to strengthen adequately, President Joko Widodo has launched a policy package intended to jumpstart economic growth in the country.
ASEAN Regulatory Brief: ASEAN Economic Ministers Meeting, Upcoming DTA, and Expanded Tax Incentives
In this ASEAN Regulatory Brief, we look at some of the important outcomes from the recent Meeting of the ASEAN Economic Ministers, as well as highlighting regulatory changes taking place in Singapore and Indonesia.
ASEAN Regulatory Brief: FATCA, GST, and a New DTA Protocol
In this ASEAN Regulatory Brief, we look at some of the important regulatory changes taking place in Singapore, Malaysia, and Indonesia during the second half of August.
Indonesia Expands List of Pioneer Industries Eligible for a Tax Holiday
Indonesia’s Ministry of Finance (MOF) has announced that it will extend its list of “pioneer” industries that qualify for tax holidays. Such companies are eligible to receive a 70 percent exemption from income tax for between five and 15 years, as well as additional financial incentives. The proposed changes should take effect later this month.
UK Prime Minister Cameron’s ASEAN Trip Reflects Growing Trade Links and Opportunities
Last week, David Cameron capped off a five day long tour of South East Asia to discuss trade with the UK. The region, which has outpaced global growth by over two percent over the past two decades, is attractive to UK businesses seeking markets beyond the EU.
ASEAN Regulatory Brief: CIT e-Filing, GST, Relaxed Investment Regulations, and Adjusted Reference Prices for Imports
In this ASEAN Regulatory Brief, we look at some of the important regulatory changes taking place in Singapore, Malaysia, Indonesia, and Thailand during the month of August.
Indonesia Raises Import Tax on a Range of Goods
The Indonesian government has announced that it is raising the import tax rate on a large number of goods, including food, clothing, and other consumer products. The move comes as the country continues to search for a method of jumpstarting its weak economy, which has been experiencing its slowest growth in six years. The government is also hoping that the new tax rates will help support and grow local industries.
Indonesian Yarn Manufacturers Seek Safeguards to Prevent Foreign Yarn Dumping
Led by the Indonesian Synthetic Fiber Association (ISFA), yarn manufacturers in Indonesia are petitioning their government to impose a temporary safeguard duty on imported yarn products.