Indonesia’s Minimum Wage Rates for 2024 - ASEAN Briefing
Apr 4, 2024 · How is the minimum wage increase calculated? MOM 18/2022 stipulated a new formula for calculating the minimum wage increase. The calculation for the minimum wage took into account Indonesia’s economic growth, inflation, and the contribution of employees to economic growth.
A Guide to Taxation in the Philippines - ASEAN Briefing
Jul 16, 2024 · The tax base of the 10 percent IAET is the taxable income of the current year plus income exempt from tax, income excluded from gross income, income subject to final tax, and the amount of net operating loss carry-over deducted.
China’s Investments in Indonesia: 2024 Outlook - ASEAN Briefing
Jun 5, 2024 · During their meeting in September 2023, Premier Li Qiang and President Widodo discussed several investments, with China pledging US$21.7 billion across various sectors, including transportation.
Malaysia’s Budget 2025: Impact for Businesses - ASEAN Briefing
Oct 31, 2024 · On October 18, Malaysia’s government introduced its 2025 national budget – the largest in its history – to bolster the economy’s competitiveness by introducing new tax incentives, slashing subsidies, and developing new economic clusters.
The 2024 US Presidential Election: Impact on Southeast Asia Markets
Oct 15, 2024 · As the US enters the last campaign weeks of the 2024 presidential election, scheduled for November 5, global markets are closely monitoring the potential shifts in policies that may impact trade, investment, and geopolitical stability.
2025 Singapore Employment Pass Salary Requirements - ASEAN …
Nov 12, 2024 · Singapore’s Ministry of Manpower has announced the new salary threshold for Employment Pass (EP) applicants for 2025. The EP is a work visa for foreign professionals, managers, and executives seeking employment in Singapore.
Exploring Indonesia’s New Mining Regulations - ASEAN Briefing
Explore the key changes introduced by Indonesia's Government Regulation 25 of 2024 in the mining sector. This article covers new licensing requirements, downstream policies, and their implications for local stakeholders and the industry.
India-Indonesia Bilateral Trade Trends - ASEAN Briefing
Oct 10, 2024 · Indonesia has become India’s largest trading partner in the ASEAN region. Bilateral trade between the two countries increased from US$26.04 billion in 2022 to US$38.84 billion in 2023, a significant 48 percent growth. The two …
Malaysia Issues Incentives for Forest City Financial Zone - ASEAN …
Oct 2, 2024 · Malaysia has issued fiscal and non-fiscal incentives for the newly founded Forest City Financial Zone (FCSFZ). Forest City refers to a section of the larger Forest City development project, which is a massive smart city initiative located in …
New MAS Guidelines for Payment Service Providers in Singapore
Oct 14, 2024 · On July 26, 2024, the Monetary Authority of Singapore (MAS) announced significant updates to the Guidelines on Licensing for Payment Service Providers (the “Guidelines”), which took effect on August 26, 2024.. These revisions are crucial for both existing and prospective Standard Payment Institutions (SPIs) and Major Payment Institutions (MPIs) …