Malaysia to Introduce a Goods and Services Tax (GST) of Six Percent
The Malaysian government has announced that on April 1, 2015 it will implement a Goods and Services Tax (GST) of six percent. The new GST will replace the current sales and service tax regime.
Myanmar Expands List of Mandatory JVs, Cuts Import Tax Benefits, Seeks Investors for SEZ
In a number of new pieces of legislation and other actions, the Myanmar government has expanded the list of business activities that require the formation of a joint venture (JV), cut import tax benefits for a variety of businesses, and has announced that it is seeking investors for a new Special Economic Zone (SEZ).
Vietnam Ranks as 2nd Most Attractive Nation in ASEAN for US Business
According to survey results recently released by the U.S. Chamber of Commerce in Singapore, Vietnam is the second most popular destination for U.S. business expansion among the member states of the Association of Southeast Asian Nations (ASEAN). Indonesia took the top position.
Thailand Considers Inheritance and Property Tax Reforms
The head of Thailand’s National Council for Peace and Order has approved plans to reform Thailand’s tax system, namely by incorporating inheritance and property taxes.
Singapore Expands SME Financing Options to Support Small Businesses
More channels for small and medium enterprise financing are opening up in Singapore, as banks introduce new grant programs and the government steps up effort to support small businesses.
Manufacturing Hubs Across Southeast Asia
ASEAN manufacturers can be divided into those that have invested in mid- and high-tech manufacturing and those which, for the time being, are concentrated in low- or no-tech assembly. In this article, we explore the market characteristics of ASEAN’s most important manufacturing destinations.
Singapore Boosts Information Technology Cooperation with South Korea
Small and medium sized information technology companies in South Korea and Singapore can look forward to more opportunities for cooperation and growth as the two countries inked a Memorandum of Understanding on Information and Communications Technology collaboration last Friday.
Myanmar Establishes New Special Economic Zone
Plans are currently underway to develop a new special economic zone in Myeik. Located in Myanmar’s southeastern Tanintharyi region, Myeik is home to one of Myanmar’s growing number of industrial zones.
ASEAN and the Intellectual Property Ladder
The less developed nature of business-related legislation in the ASEAN region means the dangers of intellectual property (IP) infringement are often great. In this article, we take a look at IP legislation across the ASEAN region and highlight important frameworks governing the protection of IP.
Thailand’s GDP Growth Forecast Raised to 2.3 Percent for 2014
Thailand is expected to experience 2.3 percent economic growth in 2014, according to a revised forecast by Kasikorn Research Center.