ASEAN Briefing News

Comparing Tax Rates Across ASEAN

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In this article, we provide an inter-country comparison of tax rates across ASEAN, including in relation to PIT, CIT, VAT and GST, which is essential for making informed FDI decisions in the region.

Cambodia’s Garment and Footwear Exports Register Robust Mid-Year Growth

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Cambodia’s garment and footwear exports rose to US$ 4 billion in the first six months of 2018. This was an increase of 11 percent and almost doubled the 6.9 percent rise recorded in the same period of the previous year.

Managing Revenue Department Audits in Thailand

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In this article, JNP Legal discusses how to deal with revenue department reviews and audits in Thailand.

Labor Market Trends in the Philippines

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With a highly skilled and productive workforce, along with a robust supply of business process outsourcing services, and sound economic fundamentals, Philippines has become one of the most attractive destinations for businesses expanding to Southeast Asia. Read more in our latest article.

Thailand’s Motorcycle Market Shows Signs of Saturation

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Once a vibrant industrial sector, Thailand’s motorcycle manufacturing industry is showing signs of saturation in recent years. The country’s motorcycle market declined to 755,214 units sold over the first five months of 2018, a drop of 2.4 percent from 773,794 units sold over the same period in the previous year.

Indonesia Relaxes Loan-To-Value Ratio to Spur Credit Growth

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Bank Indonesia, the country’s central bank recently announced a relaxation of the loan-to-value (LTV) and financing-to-value (FTV) ratios in the real estate sector. The move, which will come into effect from August 1, 2018, will reduce the down payment obligations of property buyers.

Thailand’s E-Commerce Landscape: Trends and Opportunities

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The second largest economy of Southeast Asia, Thailand has one of the region’s highest number of internet users. Read our latest article to learn about the growing opportunities in Thailand’s booming e-commerce sector.

Thailand’s E-Commerce Tax

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In this article, JNP Legal analyzes the implications of Thailand’s upcoming e-commerce law for foreign businesses.

Indonesia Increases Interest Rate for Second Time in Two Weeks to Boost Flagging Rupiah

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Bank Indonesia (BI), the country’s central bank recently raised its key interest rate for the second time within a span of just two weeks. The move is seen as an attempt to arrest the volatility of the Rupiah, the country’s currency as well as to prevent the outflow of capital from the archipelagic nation.

Thailand’s Eastern Economic Corridor – What You Need to Know

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With the Eastern Economic Corridor (EEC), Thailand hopes to develop its eastern provinces of Chonburi, Rayong, and Chachoengsao into a leading ASEAN economic zone for technological manufacturing and services with strong connectivity to its ASEAN neighbors by land, sea and air. Read more about this mega project in our latest article.

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