ASEAN Briefing News

Indonesia to Build Electric Vehicle Battery Plant, Production Starting in 2023

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Indonesia will build its first electric vehicle battery plant and aims to begin production by 2023, in a project estimated to be valued at US$9.8 billion.

Cambodia Issues Ninth Round of Stimulus Measures

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Cambodia unveiled its ninth round of stimulus measures to support businesses andhouseholds as the country grapples with a sudden surge in COVID infections.

Opportunities for Indian Manufacturers in ASEAN

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The economic partnership between India and (ASEAN) has continued to strengthen since the economic relationship began in 1992 and with the ASEAN-India Free Trade Agreement (AIFTA) coming to effect in 2009.

Import and Export Procedures in Indonesia – Best Practices

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Indonesia has made serious efforts to improve its import and export procedures as the country targets to become the fourth-largest economy by 2045.

Malaysia’s Pemulih Stimulus Package: Supporting Businesses and Individuals

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Malaysia announced its latest 150 billion-ringgit (US$36 billion) economic stimulus package, named Pemulih, in response to the indefinite extension of the national lockdown.

Singapore to Increase Central Provident Fund Contributions From 2022

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Singapore will increase the Central Provident Fund (CPF) contribution rates for employees aged 55 to 70 years from January 1, 2022.

Malaysia and Thailand Launch QR Payment Linkage

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On June 18, 2021, Malaysia and Thailand launched a cross-border quick response (QR) payment linkage to enable businesses and consumers from both countries to receive instant QR code payments.

How Businesses in Singapore can Reduce Overhead Costs During the Pandemic

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Singapore’s government has provided an array of fiscal and non-fiscal incentives to help businesses reduce their overhead costs during the pandemic.

Indonesia’s Omnibus Law: Provisions on Minimum Wage

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Indonesia’s GR 36/2021 has eliminated the sectoral minimum wage while establishing a provision for hourly pay for part-time workers.

Indonesia’s Omnibus Law: Provisions on Special Economic Zones

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Indonesia’s GR 40/2021 highlights the various tax incentives to attract foreign investors into operating in an SEZ.

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