Asia Briefing’s ASEAN Focused Regulatory and Operational Business Updates

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July 25, 2024

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Weekly business and foreign investment news roundup in Asia

by Asia Briefing and Dezan Shira & Associates.

ASEAN EDITION

An Introduction to Doing Business in Singapore 2024

An Introduction to Doing Business in Singapore 2024, the latest publication from Dezan Shira & Associates, is available for download through the Asia Briefing Publication Store.

AWS’s US$9B Infusion Boosts Singapore’s Cloud Hub Status

Amazon Web Services (AWS) will invest some US$9 billion over the next four years in its cloud computing infrastructure in Singapore to meet growing consumer demand for cloud technology. This also boosts Singapore’s standing as one of the world’s major data hubs.

A Guide to Taxation in the Philippines - Updates for 2024

The Philippines has enacted several changes to its tax regime in 2024 such as the introduction of the Ease of Paying Taxes Act.

Singapore Could Grant Tax Rebates to Refineries for 2024-25

Singapore could grant up to 76 percent tax rebates for petrochemical companies and refiners for 2024 and 2025. The move aims to ease cost stress amid growing competition from refiners in the Middle East and China.

Indonesia Explores Revisions to Enhance Micro Loan Subsidy Program

Indonesia is contemplating revisions to its microloan subsidy program amidst a backdrop of regulatory resistance to proposed loan restructuring extensions. This deliberation follows a recent suggestion by President Joko Widodo to revive a COVID-era policy that would allow banks to forgo provisions for bad loans, aiming to boost liquidity in the financial system during periods of capital outflow.

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