Laos Implements Mandatory Bank Accounts for Foreign Investors
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
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
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
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
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
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
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
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
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
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.