ASEAN Briefing News

Thailand Issues First Personal Data Protection Act

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Thailand’s first-ever law on personal data protection will come into force on June 1, 2022, after being postponed since 2019.

Cambodia’s First Law on Competition: What Investors Need to Know

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In October 2021, Cambodia’s Law on Competition came into effect, marking the country’s first-ever anti-trust law following 15 years of deliberations and delays.

Indonesia Bans the Export of Palm Oil, Impacting Global Food Prices

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As of April 28, 2022, Indonesia has begun a complete ban on palm oil exports, a move that could threaten global food prices.

HDB Green Towns: Supporting Singapore’s Sustainable Development Goals

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Singapore’s HDB Green Town program has an overarching goal of reducing annual energy consumption by public estates by 15 percent by 2030.

New Criteria for Family Offices in Singapore to Receive Tax Incentives

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The Monetary Authority of Singapore announced new stricter criteria for family offices to receive tax incentives in Singapore. The new rules apply as of April 18, 2022.

The Australia-Asian PowerLink: Encouraging Investments in ASEAN Renewable Energy

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The Australia-Asia PowerLink should be a wake-up call for ASEAN members to spur renewable energy investments.

Indonesia’s GoTo Goes Public, Market Capitalization of US$32bn

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Indonesia’s GoTo was officially listed on the Indonesian Stock Exchange and saw its market capitalization valued at US$32 billion.

Singapore to Reap Long-Term Benefits Under RCEP

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Singapore hopes to reap long-term benefits under the RCEP by integrating further into global supply chains and strengthening its position as a business hub in the Asia-Pacific.

Philippines Central Bank to Launch Digital Currency Pilot Program

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The central bank of the Philippines will launch a pilot program for a Central Bank Digital Currency (CBDC).

Australia’s Beef Exports to Indonesia Highlights Wider Potential for Halal Products

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Australia’s agricultural products, particularly its cattle and beef, are important merchandise exports to Indonesia.

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