ASEAN Briefing News

Bersama Malaysia: Microsoft Commits US$1 Billion Investment to Establish Data Center in Malaysia

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Microsoft is establishing its first data center in Malaysia, which is expected to create 19,000 jobs and generate US$4.6 billion in revenue for the country.

Personal Income Tax in Vietnam: Exemptions and Reductions

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Vietnam’s Law on Personal Income Tax recognizes different categories of income, with a host of deductions, and tax rates, applying to each of them.

Vietnam and Canada Trade: Leveraging the CPTPP

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Vietnam-Canada trade relations reached almost US$9 billion in 2020, an all-time high, thanks in part to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

Singapore and Thailand Launch Integrated Real Time Payment Systems

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Singapore and Thailand launched the world’s first linkage of real-time payment systems, which will facilitate faster and cheaper cross-border transfers.

Minimum Wages in ASEAN for 2021

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Due to the pandemic, many ASEAN members did not raise their minimum wages or did not raise them significantly.

Vietnam to Start Regulating Cryptocurrencies

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While cryptocurrency trading and use are booming globally in terms of popularity, the Vietnamese legislation makes no reference to such transactions.

Indonesia Establishes New Investment Ministry

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Indonesia’s government has established a new Investment Ministry, as the president initiates another cabinet reshuffle.

Indonesia’s Omnibus Law: Risk Based Business Licensing

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Indonesia’s Regulation 5 of 2021 introduces a risk-based approach to the issuance of business licenses.

How to Terminate an Employee in the Philippines: A Step by Step Guide

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Employers must understand and comply with the Philippines’ termination procedures, especially concerning complex open-ended contract provisions.

UK and Indonesia Promote New Economic Ties

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The UK and Indonesia have concluded the first round of exploratory trade talks and committed to further strengthening their trade and investment links.

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