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.
Singapore's Economic Outlook - 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.
Rules of Origin Criteria of ASEAN’s Free Trade Agreements
Jan 4, 2018 · This article is an excerpt from the November 2017 issue of ASEAN Briefing magazine, titled “ASEAN’s FTAs and Opportunities for Foreign Businesses” In this issue, we provide an introduction to some of ASEAN’s FTAs and how foreign investors and exporters can maximize opportunities in this dynamic region. We also discuss the salient features of each FTA and the overall benefits they offer.
Indonesia's Positive Investment List: Sectors Open to Foreign …
Jun 28, 2024 · Business Fields with Specific Requirements. Business fields. Requirements. Publishing of newspapers, magazines (press) 100 percent domestic capital required for establishment, and up to 49 percent foreign capital ownership for business development and expansion Private broadcasting agency
Comparing Tax Rates Across ASEAN - ASEAN Business News
Jul 26, 2018 · Tax considerations form an essential part of a corporate strategy and play a key role in determining the success of a business. For those seeking to invest into more than just one ASEAN economy, or looking for a jurisdiction to base their business, an inter-country tax comparison can help make a suitable, cost-effective decision.
ASEAN’s Free Trade Agreements: An Overview
It is important for foreign investors to understand ASEAN’s free trade agreements (FTAs) to capitalize on the bloc’s long-term potential. These FTAs offer numerous benefits such as tax holidays, improved custom clearances, and reduced import costs.
Indonesia’s iPhone 16 Ban and Apple’s Investment Dilemma
Nov 29, 2024 · Apple’s relatively small presence in Indonesia is surprising, given the country’s market potential. Although Apple’s market share remains low at 2.2 percent as of 2024, the demand for premium devices is growing among Indonesia’s burgeoning middle class.
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 …
Incentives in Malaysia’s Special Economic Zones: A Guide for …
Jan 8, 2024 · Malaysia’s economic corridors offer a range of fiscal incentives, primarily in the form of tax relief, with some tailored to each specific corridor. Additionally, these corridors provide sector-specific incentives, such as those for manufacturing, tourism, and energy.
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 …