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SRI LANKA: Non-Essential Imports Restricted in Bid to Bolster Rupee

12 Oct 2018

Any retailer looking to secure letters of credit with banks in order to facilitate the import of certain non-essential consumer items (including mobile phones, refrigerators, washing machines, air con...Read More


MYANMAR: Official One-Stop Gold Import/Export Facility Opens for Business

8 Oct 2018

All the administrative requirements related to the import/export of gold can now be processed via the state-run One-Stop Service Centre (OSSC), a facility recently launched in Yangon, the country’s co...Read More


INDONESIA: Daily Duty-Exempt E-Commerce Import Value Cut to US$75

5 Oct 2018

As of 10 October 2018, the total daily value of e-commerce products per person permitted to be imported duty-free will be cut from US$100 to $75....Read More


INDIA: Supreme Court Reinstates Solar Cell Import Levy

4 Oct 2018

The 25% surcharge on imported solar cells, which was temporarily suspended following an interim High Court order, has now been reinstated....Read More


INDIA: Import Duty Raised in Bid to Counter Rising National Debt

4 Oct 2018

Government has raised the Basic Customs Duty (BCD) on a range of imported products, including speakers, footwear, diamonds, jewellery, air conditioners, refrigerators, small washing machines, certain ...Read More


SRI LANKA: VAT on Imported Fabrics Cut from 15% to 5%

28 Sept 2018

The VAT on imported fabrics has been cut from 15% to 5% with immediate effect. The move is intended to boost SMEs in the export-oriented readymade garment manufacturing sector....Read More


VIETNAM: Wind Power Tariff Rise Designed to Boost Renewable Energy Investments

27 Sept 2018

As of 1 November, the wind power feed-in-tariff rates in Vietnam will increase from US$0.078 per kWh to US$0.085 per kWh for onshore turbines and US$0.098 per kWh for offshore turbines....Read More


INDIA: Duty Free Re-Import of Exported Electronic Goods Given Go-Ahead

26 Sept 2018

Some 23 categories of locally-produced electronic goods previously exported from the country have been approved to be re-imported prior to again being exported....Read More


SRI LANKA: VAT Reclaim Scheme Introduced for Overseas Passport Holders

24 Sept 2018

Overseas passport holders are now entitled to reclaim the 15% VAT on purchases made at retail outlets participating in the Tourist VAT Refund Scheme (TVRS)....Read More


VIETNAM: US$100 Million Worth of Projects Scrapped in Vung Ang Economic Zone

12 Sept 2018

The government has stepped in and cancelled the licences for six long-delayed investment projects in the Vung Ang Economic Zone....Read More


INDONESIA: 1,147 Imported Consumer Products Targeted for Price Hike

11 Sept 2018

Tariffs are to be increased by up to 7.5% for some 1,147 imported consumer goods that are seen as either non-essentials or that have domestically-produced equivalents....Read More


THAILAND: Withholding Tax on Fixed Income Funds Raised to 15%

5 Sept 2018

The withholding tax (WHT) on gains from investment in fixed income funds has been increased from 10% to 15%....Read More


MALAYSIA: Would-be Overseas Buyers Banned from Johor Luxury Apartment Purchases

4 Sept 2018

In a move that has rocked property developers across the country, the government has issued a ban on non-Malaysians purchasing residential units in Forest City, a luxury new build FDI-backed complex i...Read More


MYANMAR: Overseas-Owned Insurance Companies Set for Nationwide Trading Approval

31 Aug 2018

The country’s insurance sector is to be opened up to foreign direct investment (FDI), with overseas companies allowed to sell their products, including life and general insurance, to the general popul...Read More


VIETNAM: Online Customs Management System Adopted at Three HCMC Ports

30 Aug 2018

The country’s automated customs management system is now in place at three additional Ho Chi Minh City (HCMC) ports – the Saigon Premier Container Terminal, Tan Thuan and Tan Cang-Cat Lai....Read More


INDIA: Duty-Free Capital Goods Imports Set to Replace Export Subsidies

28 Aug 2018

According to local media reports, plans are in place to permit the duty-free import of capital goods. The move is intended to counter any fallout from the planned withdrawal of several of the export i...Read More


LAOS: Proposed Overseas Trader Export-Import Guidelines Up for Public Consultation

27 Aug 2018

Proposed guidelines for overseas traders interested in conducting export/import-related business have been circulated by the Ministry of Industry and Commerce....Read More


VIETNAM: Customs Surety Bond Set to Fast Track Import-Export Clearance

24 Aug 2018

A surety bond scheme is to be introduced in a bid to reduce customs clearance time for imports and exports....Read More


THAILAND: SEZ Partnership with ASEAN Neighbours Seen as Way to Duck EU Import Tariffs

23 Aug 2018

The country has announced plans to scrap its domestic Special Economic Zone (SEZ) programme in favour of jointly developing such facilities beyond its borders with its less-developed neighbours – most...Read More


MYANMAR: Education FDI Guidelines Issued by Investment Directorate

22 Aug 2018

New guidelines for overseas investors interested in opportunities in the country’s educational sector have been issued by the Directorate of Investment and Company Administration (DICA)....Read More

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