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.
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.
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.
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.
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 …
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.
Thailand and the UK’s Enhanced Trade Partnership: An Overview
Dec 6, 2024 · In 2022, Thailand’s exports to the UK were valued at approximately US$4.01 billion, while the UK’s exports to Thailand totaled US$1.96 billion in 2023, illustrating a strong and growing bilateral trade relationship.
Proposed Amendments to Singapore’s Income Tax Act - ASEAN …
Sep 23, 2024 · Singapore’s Ministry of Finance initiated a public consultation on the draft Income Tax (Amendment) Bill 2024, which proposes several important changes to the Income Tax Act 1947 (ITA).