Other Briefings
Indonesia’s Social Media E-Commerce Ban: Navigating Regulatory Changes
Indonesia’s ban on social media e-commerce transactions will significantly affect key players such as TikTok and their business development.
Powering Progress: Indonesia Unveils Largest Floating Solar Power Plant in Southeast Asia
Indonesia’s President has inaugurated Southeast Asia’s largest floating solar power plant in the province of West Java.
Thailand Scaled-Down Subsidy Program Continues Backing for Locally Produced EVs
Thailand has extended its subsidy scheme promoting the purchase of domestically manufactured electric vehicles, albeit at revised rates. Chinese automakers BYD and Changan Automobile are the latest to plan local production, targeting this growing market.
Singapore to Amend Free Trade Zones Act, Strengthening Powers to Tackle Illegal Trade
Singapore’s Parliament has proposed a bill to amend the 1966 Free Trade Zones (FTZ) Act and make related changes to the 1960 Customs Act.
Singapore Proposes New Bill to Regulate Significant Investments in Critical Entities for National Security
Singapore’s proposed Significant Investments Review Bill will increase oversight of ownership changes in critical entities.
Singapore and Malaysia Plan Joint Special Economic Zone in Johor State
Singapore and Malaysia are partnering to create a special economic zone in Malaysia’s Johor state, adjacent to the Singaporean border.
Thailand to Set 2024 Minimum Wage Rate by Year-End
Thailand is set to announce a minimum wage increase for 2024, expected to surpass the inflation rate. It is likely to fall short of the initially proposed 400 baht (US$11.12) per day to mitigate potential negative impacts on small and medium-sized enterprises.
Indonesia Stock Exchange (IDX) Launches Carbon Trading Operations
The Indonesia Stock Exchange (IDX) has launched, following approval from the Financial Services Authority, and aligned with the country’s emissions reduction goals and enable transition to renewables.
Guidelines for Calculating Carbon Footprint for Businesses in Vietnam
Vietnam has clear guidelines for businesses to effectively calculate and report the carbon footprint of their products.
Taxation of Foreign Sourced Income in Singapore Effective January 2024
Singapore will begin taxing foreign-sourced disposable gains from January 1, 2024, with Parliament approving the amendments to the country’s Income Tax Act.
