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1.

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

2.

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

3.

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

4.

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

5.

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

6.

CAMBODIA: Construction and Real Estate Sectors Face Regulatory Shakeup

13 Sept 2019

A new set of technical standards and procedures is to be introduced under the terms of the country’s proposed Construction Law, with the move seen as means of better regulating the rapidly-expanding d...Read More

7.

INDONESIA: National Capital Set for 1,400 km Relocation by 2024

12 Sept 2019

The government has confirmed plan to relocate the country capital to a new purpose-built site. This will see all government agencies, except for the central bank and a number of related economic depar...Read More

8.

INDIA: Liberalised FDI Rules Introduced for Single Brand Retailers and Digital Media

10 Sept 2019

The government has announced a series of new regulations relating to foreign direct investment (FDI) in several key business sectors, including single brand retail, contract manufacturing and digital ...Read More

9.

VIETNAM: FDI Applications Set for Increased Scrutiny

9 Sept 2019

The Political Bureau (Politburo) of the Central Committee of the Communist Party of Vietnam, the country’s highest decision-making authority, has called on all government bodies to step up their scrut...Read More

10.

INDONESIA: Government Bids to Nurture Domestic Electric Vehicle Sector

29 Aug 2019

Under the terms of the recently-issued Presidential Regulation No. 55 of 2019, the development of domestic facilities for the manufacturing of electric vehicles (EVs) and related components is to be p...Read More

11.

INDIA: Fast-track M&A Approval Process Introduced for Non-Competing Businesses

28 Aug 2019

The Competition Commission of India (CCI) has introduced an expedited process – the Green Channel – for the approval of certain Mergers and Acquisitions (M&As)....Read More

12.

VIETNAM: Import Duty Exemptions Planned for Alternative Fuel Vehicle Components

27 Aug 2019

Automotive parts imported into the country for the domestic assembly/manufacture of green/alternative fuel vehicles are to be exempt from import duties under the terms of a proposed move championed by...Read More

13.

PHILIPPINES: Cuts to Corporate Income Tax and Overhaul of FDI Incentives Mooted

26 Aug 2019

The corporate income tax (CIT) rate is set to be cut from its current level of 30% to 20% by 2029. The move forms part of the Corporate Income Tax and Incentives Reform Act (CITIRA), which is expected...Read More

14.

LAOS: Government Vetoes Unsustainable Vang Vieng Tourism Projects

23 Aug 2019

Tourism projects in the popular Vang Vieng district of the country’s Vientiane province are to be vetoed if they are deemed to be environmentally unsustainable....Read More

15.

VIETNAM: Clarification Issued with Regard to Use of “Made in Vietnam” Designation

9 Aug 2019

In a bid to ensure the “Made in Vietnam” citation is correctly deployed, the Ministry of Industry and Trade (MOIT) has issued a circular specifying the criteria for determining whether goods have been...Read More

16.

MYANMAR: Trading on Stock Exchange Opened-Up to Non-Locals

2 Aug 2019

Foreign nationals and overseas entities – including locally-registered wholly foreign-owned enterprises as well as joint-ventures with local businesses – are to be permitted to buy shares on the Yango...Read More

17.

MYANMAR: In-Depth Proposals Now Mandatory for Prospective Investors

1 Aug 2019

As of 1 August, this year, prospective investors will be required to supply more information when submitting proposals. In line with this, the Ministry of Investment and Foreign Economic Relations has...Read More

18.

PHILIPPINES: State Moves to Support Start-Ups and Provide Easier Access for Overseas Investors

26 July 2019

In a bid to promote innovation among its micro, small and medium enterprises (MSMEs), as well as to ease the entry of foreign investors into the country’s emerging start-up sector, the Innovative Star...Read More

19.

BANGLADESH: GSP Exporters Now Obliged to Self-Issue Certificates of Origin

25 July 2019

Companies exporting to the EU, Switzerland or Norway under their respective Generalised System of Preferences (GSP) programmes are to be obliged to self-issue Certificates of Origin (COO) for their pr...Read More

20.

BANGLADESH: Import/Export Licence Approval and Renewal System Now Online

24 July 2019

Exporters and importers can now apply for and renew the required permits online. This follows the launch of the Online Licencing Module (OLM) by the Ministry of Commerce, a system designed to fast-tra...Read More

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