Other Briefings
The End of Britain’s EU Transition Period is Set to Boost Economic Ties with Asia
In 2019, Asia accounted for 20 percent of both the UK’s exports and imports. These levels were on par with the Americas, albeit growing much quicker.
Singapore Issues Measures to Enhance Job Retention in Financial Sector
The Monetary Authority of Singapore (MAS) and the Institute of Banking Finance (IBF) have issued measures to enhance job retention in the country’s financial sector.
Indonesia’s 2021 Minimum Wage: No Increases for Most Provinces
The Ministry of Manpower issued a circular in October 2020 advising regional governments not to increase the monthly minimum wage rates due to the ongoing pandemic.
Singapore Launches Program to Support Green and Sustainability Linked Loans
The Monetary Authority of Singapore recently launched the world’s first grant scheme to support green and sustainability-linked loans (GSLS).
Japan’s JICA Provides Loans to Support SMEs and Infrastructure in Myanmar
The Japan International Cooperation Agency signed a loan agreement with the government of Myanmar to provide 42.7 billion yen to support SMEs and infrastructure.
Vietnam Intellectual Property Office Issues New Regulation on Document Signing
Vietnam’s VNIPO issued Notice 13822, providing new requirements for legal representatives of IP applicants/owners to sign documents on their behalf.
Understanding Labuan’s New Tax Framework
Labuan, a federal territory of Malaysia, issued a new tax framework in early 2019, which impacts a variety of tax requirements, such as the abolition of the 20,000-ringgit tax ceiling.
US Extends GSP Status for Indonesia
The US extended Indonesia’s Generalized System of Preference (GSP) status in early November 2020, meaning thousands of Indonesian exports to the US are duty free.
Myanmar Opens Stock Market to Foreign Investors
The Securities and Exchange Commission of Myanmar (SECM) has allowed resident and non-resident foreigners to participate in securities trading on the Yangon Stock Exchange (YSX).
Cambodia Launches Digital Currency: Key Features
The National Bank of Cambodia launched its first digital currency, named Bakong, which was co-developed by Japanese fintech firm SORAMITSU.
