ASEAN Briefing News

Opportunities for Emerging ASEAN Players as China Reduces Tariffs to Zero on Most Products

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China has reduced tariffs for imported products from Cambodia, Laos, and Myanmar under its Preferential Tariff Program.

Latest Tax Compliance Procedures for Non-Profit Organizations in Myanmar

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Myanmar’s government issued Notification 79 of 2020, which describes the latest tax compliance measures for non-profit organizations.

Indonesia Increases Social Security Premium for 2020

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Indonesia has increased the premiums for its national health and pension insurance schemes.

Singapore-Russia Trade Updates from the Russian Embassy in Singapore

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The Russian Embassy in Singapore has just published the latest issue of Opportunity Russia magazine.

Cambodia Issues Additional Support for Workers and to Revive Economy

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Cambodia’s government issued its fifth stimulus package as the country continues to battle the economic impact caused by the COVID-19 pandemic.

Indonesia’s Healthcare Industry: Growing Opportunities for Foreign Investors

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Indonesia’s healthcare industry presents a lucrative investment opportunity for foreign investors given its large market size.

Indonesia Allows the Import of Certain Manufactured Goods Hoping to Kick-Start Local Production

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Indonesia’s Ministry of Trade issued Reg 59/2020 in June 2020 that limits the number of industries allowed to import manufactured goods.

Thailand’s Civil and Commercial Code Amendments to Ease Doing Business

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Thailand’s government approved new amendments to the country’s Civil and Commercial Code (CCC) aimed at improving the business climate.

New Economic Zones in the Philippines to Attract Foreign Investment

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The Philippine government has approved 12 new economic zones, which will comprise of IT centers, IT parks, and manufacturing zones.

New Requirements for Independent Audits in Cambodia to Impact Certain Business Entities

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Cambodia’s Minister of Finance and Economy issued a new regulation that sets out the criteria for certain businesses to be independently audited.

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