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1.

THAILAND: Foreign Business Licence Requirement Waived in Four Industry Sectors

15 Oct 2019

The need to secure a foreign business licences prior to beginning operations in four commercial sectors is to be waived – telecommunications services provided under 卜Telecommunications Licence Type I ...Read More

2.

THAILAND: Financial Institutions and Businesses Obliged to Verify Source of Customer Funds

14 Oct 2019

Banks and financial institutions, as well as certain other specified businesses, are to be obliged to verify the source of their customers’ funds when conducting transactions....Read More

3.

LAOS: Savannakhét Road Checkpoints Come Down in Bid to Boost Freight Flow

3 Oct 2019

In a bid to expedite the movement of freight transport, all inspection checkpoints along main roads in the Savannakhét province have been dismantled....Read More

4.

INDIA: GST Revisions Likely to Impact on Business of Hong Kong Importers/Exporters

2 Oct 2019

The Goods and Service Tax (GST) on several products/services of relevance to Hong Kong suppliers and investors was revised as of 1 October....Read More

5.

CAMBODIA: Garment and Footwear Workers Set for US$190 Minimum Monthly Wage in 2020

30 Sept 2019

The minimum monthly wage for workers in the country’s garment and footwear sectors is set to increase to US$190 (from its current level of $182) as of 1 January next year....Read More

6.

INDIA: Corporate Tax Cut in Bid to Spur Investment and Counter Economic Slowdown

27 Sept 2019

The country’s corporate tax rate has been cut from 30% to 22%, with the change retroactively applying as of 1 April this year, the first day of the current financial year....Read More

7.

CAMBODIA: Online Certificate of Origin System Extended to Two Further Provinces

20 Sept 2019

The country’s online Certificate of Origin (CO) system has been extended to two more provinces bordering Vietnam – Prey Veng and Svay Rieng....Read More

8.

THAILAND: Raft of FDI Incentives Launched to Woo Casualties of US-China Trade War

17 Sept 2019

In a bid to appeal to overseas companies caught in the crossfire of the ongoing China-US trade war, the country has unveiled an investment incentive package aimed at those businesses looking to reloca...Read More

9.

INDONESIA: Tax Bill Cuts Corporate Liabilities and Targets Overseas E-Commerce Companies

16 Sept 2019

The country’s Corporate Income Tax (CIT) is to be cut from its current level of 25% to 22% in 2021, before settling at 20% from 2023 onwards....Read More

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