ASEAN Briefing News

Laos Implements Mandatory Bank Accounts for Foreign Investors

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The Bank of the Lao PDR issued a new regulation that mandates foreign investors to open a local bank account within 15 days of obtaining a business license.

Indonesia’s General Elections: What it Means for Investors

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Indonesia’s recent election and the presidency of Prabowo Subianto could mean a continuation of economic policies with a focus on growth, resource sector opportunities, and economic reforms.

Understanding Singapore’s 2024 GDP Forecast

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Singapore maintains a cautiously optimistic economic outlook despite global uncertainties, with projections indicating a modest growth range of 1 to 3 percent.

Philippines Enacts New E-Commerce Regulation

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The Philippines government has adopted the Internet Transactions Act of 2023 (ITA), a new law governing the country’s e-commerce industry.

Navigating Personal Data Protection in Indonesia

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Indonesia’s personal data protection law states the types of legal basis for obtaining and processing personal data as well as the criminal and administrative sanctions for non-adherence.

Taxation of Foreign Sourced Income in Thailand Begins in 2024

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Instruction No. Paw 161/2566 states that Thai taxpayers who derive assessable income from abroad must pay tax on that income after bringing such income to Thailand.

Boosting Tourism: Thailand, Malaysia, Singapore Target Chinese Travel Spending

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Thailand, Malaysia, and Singapore are offering visa-free travel to Chinese tourists during the first Spring Festival (Chinese New Year / CNY) holiday since Beijing lifted pandemic travel restrictions.

Singapore and China Sign Three MOUs, Boost Business Ties

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The Singapore-China Economic Partnership Conference held on February 1, 2024, saw the signing of three crucial Memorandums of Understanding.

Guide to Indonesia’s Halal Certification Requirement: Q & A

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Indonesia’s GR 39/2021 mandates businesses in most industries to be Halal compliant and Halal certified.

Thailand Implements Mandatory Reporting of Business Operator Income on Electronic Platforms

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Thailand’s Revenue Department has required electronic platforms such as e-commerce and e-marketplaces to disclose their revenue from the business operators on their platforms.

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