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1.

LAOS: Export-Import Licence Processing Time to be Cut by 50%

20 Sept 2018

Import/export licence application bureaucracy is set to be cut by 50%, with the manual processing time for permits related to vehicles, fuel and diamonds reduced from two days to just one day by 2019....Read More

2.

VIETNAM: US$100 Million Worth of Projects Scrapped in Vung Ang Economic Zone

12 Sept 2018

The government has stepped in and cancelled the licences for six long-delayed investment projects in the Vung Ang Economic Zone....Read More

3.

INDONESIA: 1,147 Imported Consumer Products Targeted for Price Hike

11 Sept 2018

Tariffs are to be increased by up to 7.5% for some 1,147 imported consumer goods that are seen as either non-essentials or that have domestically-produced equivalents....Read More

4.

MALAYSIA: New National Minimum Wage Set for January 2019 Introduction

10 Sept 2018

The current regional minimum wage variations are to be superseded by a uniform national rate as of 1 January 2019....Read More

5.

THAILAND: Withholding Tax on Fixed Income Funds Raised to 15%

5 Sept 2018

The withholding tax (WHT) on gains from investment in fixed income funds has been increased from 10% to 15%....Read More

6.

MALAYSIA: Would-be Overseas Buyers Banned from Johor Luxury Apartment Purchases

4 Sept 2018

In a move that has rocked property developers across the country, the government has issued a ban on non-Malaysians purchasing residential units in Forest City, a luxury new build FDI-backed complex i...Read More

7.

CAMBODIA: Fortnightly Salary Payments Mandatory From 2019

3 Sept 2018

As of 2019, all employee will be paid on a fortnightly basis, regardless of whether they work in the private or the public sectors....Read More

8.

MYANMAR: Overseas-Owned Insurance Companies Set for Nationwide Trading Approval

31 Aug 2018

The country’s insurance sector is to be opened up to foreign direct investment (FDI), with overseas companies allowed to sell their products, including life and general insurance, to the general popul...Read More

9.

VIETNAM: Online Customs Management System Adopted at Three HCMC Ports

30 Aug 2018

The country’s automated customs management system is now in place at three additional Ho Chi Minh City (HCMC) ports – the Saigon Premier Container Terminal, Tan Thuan and Tan Cang-Cat Lai....Read More

10.

PHILIPPINES: Tagbilaran Launches Online Tax and Business Permit Payment System

29 Aug 2018

The Tagibilaran local government has launched a new online facility for the payment of business permit fees and taxes....Read More

11.

LAOS: Proposed Overseas Trader Export-Import Guidelines Up for Public Consultation

27 Aug 2018

Proposed guidelines for overseas traders interested in conducting export/import-related business have been circulated by the Ministry of Industry and Commerce....Read More

12.

VIETNAM: Customs Surety Bond Set to Fast Track Import-Export Clearance

24 Aug 2018

A surety bond scheme is to be introduced in a bid to reduce customs clearance time for imports and exports....Read More

13.

THAILAND: SEZ Partnership with ASEAN Neighbours Seen as Way to Duck EU Import Tariffs

23 Aug 2018

The country has announced plans to scrap its domestic Special Economic Zone (SEZ) programme in favour of jointly developing such facilities beyond its borders with its less-developed neighbours – most...Read More

14.

MYANMAR: Education FDI Guidelines Issued by Investment Directorate

22 Aug 2018

New guidelines for overseas investors interested in opportunities in the country’s educational sector have been issued by the Directorate of Investment and Company Administration (DICA)....Read More

15.

LAOS: Local Language Product Labelling Set to be Strictly Enforced

21 Aug 2018

All on-sale consumer goods must now carry product information in the local language. Although this first became a legal requirement in December 2015, it is only now that the Ministry of Industry and C...Read More

16.

INDONESIA: Current Account Deficit Sees Import Levy Hiked and Infrastructure Work Suspended

20 Aug 2018

Import taxes are set to be increased by 7.5% for some 500 categories of consumer products, including many that are typically purchased via cross-border e-commerce....Read More

17.

VIETNAM: Lowest Rise in Minimum Wage for 10 Years Announced for 2019

17 Aug 2018

The lowest average increase in the minimum monthly wage for 10 years – 5.3% – is to be rolled out across the country as of 1 January 2019....Read More

18.

MYANMAR: Online Import and Export Licence Approval Extended to All Product Categories

15 Aug 2018

All import and export licence applications can now be submitted online, with approval also being granted digitally....Read More

19.

MALAYSIA: 10% Product Tax and 6% Services Tax Set for 1 September Implementation

14 Aug 2018

As of 1 September, a 10% tax will be payable on all goods sold in the country, while services will be subject to a 6% levy....Read More

20.

THAILAND: Tax Data Set to be Shared with Overseas Partner Countries

9 Aug 2018

The country’s tax authorities are set to share tax-related data with their overseas counterparts in a move designed to ensure that Thailand’s fiscal regime is in compliance with its affiliation to the...Read More

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