ASEAN Briefing News

Indonesia to Change Luxury Goods Tax, Mulls Raising PIT-Exempt Threshold

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Several items will soon be exempt from Indonesia’s luxury tax. The country is also considering raising the individual income tax-free allowance by 50%.

EU Gets a Handle on Cambodian Re-Exported Bicycles with New Tariff

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The European Union has imposed a 48.5 percent duty on Cambodian bicycle exports to put the brakes on Cambodia flooding the market with Chinese-sourced models dumped in the single market at below cost price.

Indonesia-Singapore Bilateral Investment Guarantee Agreement to Expire

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The bilateral agreement signed by Indonesia and Singapore in 2005 will not be renewed by Indonesia, and is set to expire on June 20, 2016. This bilateral agreement, commonly known as an investment guarantee agreement (IGA), grants protection to Singaporean investors.

Learning from Experience: How to Hire Interns in Singapore

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With its strong economy and low unemployment rate (just 1.8 percent in Q1 2015), Singapore is an attractive destination for internships, but hiring companies will have to be fully versed in the jurisdiction’s idiosyncratic regulatory framework. In this article, we detail the main ways corporations in Singapore can lawfully take on trainees and students.

State by State – ASEAN and Wisconsin Trade

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For a north-eastern State a long way from South-East Asia, the trade relationship between Wisconsin and ASEAN is remarkably robust, with a growing element of the dairy industry now finding its way to new export markets in Asia. In 2012, Wisconsin exported US$1.14 billion in goods and services to ASEAN nations, of which some US$900 million were consumer goods.

ASEAN Regulatory Brief: Airport Services, GST, Fuel Subsidies, and Tax Incentives

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In this ASEAN Regulatory Brief, we look at some of the important regulatory changes taking place in Thailand, Malaysia, the Philippines, and Indonesia during the months of May and June.

State by State – ASEAN and Illinois Trade

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Read an in-depth look at the burgeoning trade relationship between Illinois and ASEAN, and the opportunities this brings for your business.

For ASEAN Future FTA Deals, Look Towards Vietnam

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With Vietnam just becoming the first Asian country to sign off a Free Trade Agreement with the Moscow backed Eurasian Economic Union, the relevance of how Vietnam plays its bilateral trade agreements has suddenly taken on a more interesting slant.

June 2015 ASEAN Regional Meetings

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There are a number of important ASEAN regional meetings taking place in June, including the ASEAN Senior Officials’ Meeting held in Malaysia, and the 5th and 6th Meetings of the High Level Task Force (HLTF) on ASEAN Community’s Post-2015 Vision held in Myanmar and Indonesia respectively.

Malaysian PM Strongly Supports Goods and Services Tax

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A range of Malaysian politicians have strongly criticized the country’s recently implemented goods and services tax (GST), causing Prime Minister Najib to step into the fray and reiterate his reasons for the new tax.

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