TOP STORIES THIS WEEK:

Proposed Amendments to Singapore's Income Tax Act

Singapore’s Ministry of Finance initiated a public consultation on the proposed changes to the Income Tax Act 1947 (ITA). These amendments aim to strengthen the alignment of Singapore’s tax laws with national policy objectives, enhance tax clarity, and simplify tax administration. 

Enhanced Family Benefits and Retrenchment Support for Employees in Singapore

Singapore introduces updated Employment Law with improved paternity and shared parental leave, plus financial support for retrenched workers.

India Joins Project Nexus: Enhancing ASEAN Economic Ties 

India has officially joined Project Nexus, enhancing its integration with ASEAN's financial infrastructure. Project Nexus, developed by the BIS Innovation Hub, creates a multilateral platform connecting the fast payment systems (FPS) of participating countries, including India, Malaysia, Singapore, and Thailand. 

Key Changes in Indonesia's Franchise Laws

Learn about the key updates in Indonesia's franchise regulation GR 35/2024 and how they impact franchisors, franchisees, and MSMEs.

Cambodia Raises Minimum Wage for Garment and Footwear Sectors in 2025 

Cambodia will raise the minimum wage for the garment and footwear sectors to US$208 per month in 2025.

COMPLIMENTARY BUSINESS RESOURCES:

As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds.

A Guide to Hiring in Indonesia

This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country.

Optimizing Returns: Strategies for Success in India's Service Sector

India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms.

UPCOMING EVENTS FOR ASIA:

Retail & E-Commerce Summit Asia 2024

Meeting, Hyatt Regency, Bangkok Sukhumvit | Thursday, October 17, 2024 | 09.00 AM – 17.00 PM

Shaping a Sustainable Future in Asia: Manpower Solutions for China and Vietnam

Webinar | Tuesday, October 15, 2024 | 4:00 PM China / 3:00 PM Vietnam / 10:00 AM CEST / 9:00 AM UK

Indonesia’s Trading Market: Navigating Market Entry and Compliance Essentials for Foreign Investors

Webinar | Tuesday, October 29, 2024 | 3:00 PM Jakarta / 4:00 PM China / 10:00 AM CET