The Cost of Business in Malaysia Compared With China
The fourth part in our comprehensive look at how doing business in ASEAN compares with China, this time focusing on Malaysia.
ASEAN Regulatory Brief: Work Permits, Tax Filing, Rates and Incentives
This ASEAN Regulatory Brief guides you through new Indonesian work permit regulations, tax filing procedures in the Philippines, and new tax rates and incentives in Myanmar and Malaysia.
The Cost of Business in Laos Compared With China
The third part in our comprehensive look at how doing business in ASEAN compares with China, this time focusing on Laos.
The Cost of Business in Indonesia Compared With China
The second part in our comprehensive look at how doing business in ASEAN compares with China, this time focusing on Indonesia.
The Cost of Business in Cambodia Compared With China
In Part One of our series comparing ASEAN nation business costs with China, we discuss Cambodia and how the country may fit into your China strategy.
Understanding Inheritance and Estate Tax in ASEAN
Inheritance and estate taxes (sometimes referred to as “death taxes”) can have a significant financial effect upon your assets if you are not ready for their imposition. While ASEAN is working to standardize many financial regulations throughout the economic community, inheritance and estate taxes are still imposed differently depending on the country.
Philippine Economic Growth Looks Strong in 2015
The Philippines has become one of the fastest growing economies in Asia, with an annual GDP growth rate of 6.1 percent in 2014 – the second highest in the Asia-Pacific region after China. This healthy growth is due to strong economic fundamentals and a faster than expected GDP growth of 6.9 percent in the fourth quarter of 2014.
Cambodia Raises its Income Tax Threshold
At the beginning of January, Cambodia reduced the income tax burden on workers in the country. The government has raised its tax threshold from 500,000 riel (US$125) to 800,000 riel (US$200). The previous lowest income tax bracket had begun at 500,000 riel, at a rate of five percent. This change puts approximately US$3.75 a month back into the pockets of workers in Cambodia earning over US$200 per month.
Turkey Launches Anti-Dumping Probe into Malaysia, Vietnam Steel Re-Exports
The Vietnam Competition Authority has announced that Turkey’s Ministry of Economy is investigating steel products imported from Malaysia and Vietnam following a complaint by M/s Jindal Stainless Limited.
Key Industries for Investment in ASEAN
As ASEAN continues its transition to greater economic integration with the implementation of the ASEAN Economic Community in 2015, the region is seeing strong growth in a number of industries. Among the key business areas are electronics, information and communications technology, textiles and apparel, and medical devices.