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1.

VIETNAM: Lowest Rise in Minimum Wage for 10 Years Announced for 2019

17 Aug 2018

The lowest average increase in the minimum monthly wage for 10 years – 5.3% – is to be rolled out across the country as of 1 January 2019....Read More

2.

INDIA: Suspended Solar Cell Import Levy Waits on High Court Ruling

16 Aug 2018

The 25% surcharge recently imposed on imported solar cells has been temporarily suspended. The move follows an interim High Court order deferring the levy until a petition challenging its legality has...Read More

3.

MYANMAR: Online Import and Export Licence Approval Extended to All Product Categories

15 Aug 2018

All import and export licence applications can now be submitted online, with approval also being granted digitally....Read More

4.

MALAYSIA: 10% Product Tax and 6% Services Tax Set for 1 September Implementation

14 Aug 2018

As of 1 September, a 10% tax will be payable on all goods sold in the country, while services will be subject to a 6% levy....Read More

5.

SRI LANKA: Seven-Day Electronic Transfer Mandatory for Shareholder Dividends

13 Aug 2018

Companies listed on the Sri Lankan Stock Exchange are now obliged to electronically-transfer dividends to the bank accounts of their shareholders within seven working days of their initial issuance....Read More

6.

INDIA: Import Duty Doubled to 20% on an Additional 328 Textile Categories

10 Aug 2018

Import duty is set to double to 20% on an additional 328 textile product categories. This follows an earlier announcement that just 50 such categories would be liable for the surcharge....Read More

7.

THAILAND: Tax Data Set to be Shared with Overseas Partner Countries

9 Aug 2018

The country’s tax authorities are set to share tax-related data with their overseas counterparts in a move designed to ensure that Thailand’s fiscal regime is in compliance with its affiliation to the...Read More

8.

MYANMAR: Overseas Banks Authorised to Lend to Approved Domestic Importers

8 Aug 2018

For the first time, all the 13 overseas-headquartered banks currently operating in the country are to be permitted to extend credit to reputable import-oriented domestic businesses....Read More

9.

UAE: Dubai Airport Freezone Cuts FDI Fees in Bid to Boost Competitiveness

7 Aug 2018

The fee for registering a FDI-backed business within the Dubai Airport Freezone has been cut by 65%, while the costs of acquiring the required licenses and visas for employees have been reduced by 33%...Read More

10.

MYANMAR: Overseas Investors Cleared to Trade Across 24 Product Categories

6 Aug 2018

FDI-backed businesses have been approved to trade in 24 different product categories on both a retail and a wholesale basis....Read More

11.

VIETNAM: Commercial Radio and TV Services Set to be Opened-Up to Overseas Investment

3 Aug 2018

Overseas investors are to be permitted to invest in commercial radio and television stations serving Vietnam for the first time under proposals put forward by the Ministry of Information and Communica...Read More

12.

INDIA: New Solar Cell Import Levy Set to Boost Prospects of Domestic Manufacturers

2 Aug 2018

In a bid to protect domestic manufacturers, all solar cells imported from China, Malaysia and any of the more developed nations will be subject to a gradually decreasing surcharge over the next two ye...Read More

13.

SINGAPORE: Licensing and Oversight of Food Sector to be Integrated into One Agency

1 Aug 2018

Oversight of the food retail sector, which is currently divided across three different government departments, is to be integrated into one body – the Singapore Food Agency (SFA) – as of 1 April 2019....Read More

14.

MYANMAR: Mandatory Company Online Registration Procedures Issued

31 July 2018

With all companies – new and established – obliged to register on the recently-launched Myanmar Companies Online (MyCO) portal, the Directorate of Investment and Company Administration (DICA) has rele...Read More

15.

SRI LANKA: One Stop Import/Export Procedures Online Database Goes Live

30 July 2018

Full details of the country’s export and import procedures can now be found on the Sri Lanka Trade Information Portal (www.srilankatradeportal.gov.lk), an online resource managed by the Ministry of I...Read More

16.

INDIA: Textile Import Duty Doubled to 20% in Bid to Boost Domestic Production

27 July 2018

The import duty on more than 50 textile products has been doubled to 20% as part of a government bid to boost domestic production in line with the aims of the Make in India initiative....Read More

17.

MYANMAR: Bundling of Native Language User Manuals Now Mandatory

26 July 2018

A Burmese language user manual must now be bundled with any consumer product sold in the country. Businesses have six months to comply with this Consumer Protection Central Committee directive, which ...Read More

18.

VIETNAM: Maximum FDI Stake in Domestically-Based Airline Operator Raised to 49%

25 July 2018

The maximum permissible stake overseas investors are allowed to hold in a domestically-based air services operator is to be raised from 30% to 49%....Read More

19.

LAOS: 16-Year Tax Exemptions on Offer to Special Economic Zone Investors

24 July 2018

Tax exemptions of up to 16 years are now on offer to investors who back projects in any of the country’s 12 Special Economic Zones (SEZs)....Read More

20.

BANGLADESH: Overseas Stake in E-Commerce Businesses Capped at 49%

23 July 2018

Overseas investors are now restricted to having a maximum stake of 49% in any e-commerce business active in the country, a change introduced as part of the country’s newly-adopted National Digital Com...Read More

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