Making Sense of Thailand’s Foreign Business Act
The Foreign Business Act is the predominant legislation governing foreign investment in Thailand, and has recently been amended to open more industries to overseas investors. This article outlines the key features of the Foreign Business Act, including the recent update and its implications.
Evaluating Cambodia’s Tax Reform
Cambodia’s recent tax reforms, which aim to introduce small and medium sized taxpayers into the formal economy, have been called the country’s most significant in decades. Here, we look at updated tax tiers, Tax on Profit and Tax on Salary rates, and other recent developments in Cambodia’s tax regime.
ASEAN Regulatory Brief: Philippines Contractualization Law, Cambodia Customs Seal, and Malaysia Foreign Worker Levy
In this week’s ASEAN Regulatory Brief, we examine updated labor contractualization regulations in the Philippines, look at Cambodia’s new customs seal, and discuss employer obligations for foreign worker levies in Malaysia.
Hungry for More: A Taste of ASEAN’s Foodservice Industry
In 2015, Southeast Asia’s restaurant sales totaled more than US$100 billion, a market size equivalent to that of India or Brazil. ASEAN has accordingly been identified as one of the four key target regions for international expansion in the consumer foodservice industry for 2017.
Human Resources in ASEAN – New Issue of ASEAN Briefing Magazine
The latest issue of ASEAN Briefing Magazine, focusing on key HR considerations across ASEAN for foreign investors, is out now and available for download in the Asia Briefing Publication Store.
ASEAN Regulatory Brief: Cambodia Tax Regulations, Laos Foreign Currency Loans, and Philippines-Cambodia Bilateral Relations
In this week’s ASEAN Regulatory Brief we discuss Cambodia’s new tax regulations for multi-activity businesses, analyze foreign currency lending in Laos, and highlight recent developments in Philippines-Cambodia bilateral relations.
An Introduction to e-Commerce in Malaysia
Growth in Malaysia’s e-commerce market is projected to increase from 10.8 percent in 2016 to 20.8 percent in 2020 on the back of strong government support. As Malaysia approaches high income status, opportunities are rife for foreign investors looking to enter the rapidly digitizing country.
Daily Minimum Wage Rates in Thailand to Increase from January 1, 2017
In this article, we highlight recent adjustments to Thailand’s daily minimum wage rates passed in November and set to become effective in 2017.
ASEAN Regulatory Brief: Philippines Disaster Coverage, Cambodia Tax Amendments, and Singapore-Laos DTAA
In this week’s ASEAN Regulatory Brief, we highlight Philippines’ Disaster Insurance Cover proposals, upcoming amendments to Cambodia’s tax regime, and details of the recently concluded Singapore-Laos Double Taxation Avoidance Agreement.
Donald Trump in the White House: Implications for the Future of the TPP and Free Trade in ASEAN
In this article, we examine the implications of Donald Trump’s victory in the US presidential elections for the future of the Trans-Pacific Partnership (TPP) and Free Trade in the ASEAN region.