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.
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.
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.
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.
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.
Southeast Asia Manufacturing Tracker - ASEAN Briefing
Sep 16, 2024 · The second edition of The Asia Manufacturing Index by Dezan Shira & Associates is now out. The 2025 index provides essential insights into Asia’s dynamic industrial landscape, ranking eleven countries across eight categories, including tax …
Singapore’s Economic Outlook for the Next 5 Years - ASEAN Briefing
Oct 21, 2024 · Thanks to decades of targeted policies and actions, Singapore has become one of Asia’s largest and most dynamic economies. The Southeast Asian country has a GDP of US$525.228 billion, a young workforce, and over a million foreign talents working in the rapidly expanding working class.
China Trade with Thailand: Key Dynamics - ASEAN Briefing
Nov 12, 2024 · China became Thailand’s largest foreign investor in 2023, signaling the deepening economic ties between the two nations. This shift reflects not only China’s economic significance to Thailand but also Thailand’s strategic position in Asia as a …
Navigating Indonesia’s New Halal Certification Rules - ASEAN …
Oct 29, 2024 · GR 42/2024 introduces several new provisions and amends existing ones under GR 39/2021, including but not limited to the extension of the halal certification deadline for food and beverage products and ingredients, as well as products resulting from slaughter and slaughtering services, adjustments to the validity period of halal certificates, recognition of foreign halal certifications, and ...
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.