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Malaysia’s energy sector adapts to digitalisation and deregulation

Malaysia’s energy sector is undergoing a transformation driven by digitalisation and deregulation, two forces reshaping the industry’s competitive landscape and technological advancement.

Vietnam intensifies efforts against illegal fishing

Vietnam’s Ministry of Agriculture and Rural Development (MARD) has urged coastal provinces and cities to strengthen enforcement against illegal, unreported, and unregulated fishing.

Thai businesses call for protection against Chinese import surge

Thai industry leaders are urging the government to implement stronger measures to protect local producers from an expected surge of low-cost Chinese imports following new U.S. tariffs on Chinese goods.

Thailand approves draft Financial Business Hub Act to boost global competitiveness

The Thai cabinet has approved the draft Financial Business Hub Act, a key legislative step aimed at positioning Thailand as a global financial hub.

Indonesia introduces new bank secrecy regulation

The Financial Services Authority of Indonesia has issued Regulation No. 44 of 2024 on Bank Secrecy (POJK 44/2024), providing clearer procedures for the disclosure of confidential banking information. 

Vietnam’s Red River Delta emerges as key destination for foreign investment

The Red River Delta has become a key destination for foreign direct investment (FDI) in Vietnam, with four of the top five FDI-attracting provinces and cities in 2024 coming from this region, according to the Ministry of Planning and Investment's Foreign Investment Agency.

Singapore to serve as key hub in Maersk-Hapag-Lloyd shipping alliance

Singapore has been designated as a crucial hub in the newly formed Gemini Cooperation alliance between global shipping giants Maersk and Hapag-Lloyd, which took effect on February 1.

Thailand’s SEC to implement distributed ledger technology for digital token trading

The Securities and Exchange Commission (SEC) of Thailand is set to introduce a new debt instrument trading system utilizing distributed ledger technology to enhance the efficiency of capital markets and encourage securities firms to engage in digital token trading.

Apple’s AirTag assembly plant in Indonesia: legal and investment implications

Apple will establish an AirTag assembly plant in Indonesia through a third-party vendor rather than a direct investment, Investment Minister Rosan Perkasa Roeslani announced. 

Vietnam’s Draft Resolution on Financial Centres Calls for Clarity on Membership and Fintech Regulation

The Vietnam Chamber of Commerce and Industry has called for greater clarity in the National Assembly’s draft resolution on developing regional and international financial centres.

Indonesia’s mandatory onshore retention policy sparks debate

Indonesia’s new policy mandating exporters to retain 100% of their foreign exchange earnings onshore for one year, effective March 1, has ignited controversy. 

Singapore unveils transformation plan for trade associations and chambers

Singapore is set to revamp its trade associations and chambers with a three-year roadmap under the Sector Transformation Map, launched by the Singapore Business Federation on January 22.

Thailand’s draft financial hub legislation to head to Cabinet for approval

The Thai Finance Ministry has finalized a draft law aimed at establishing Thailand as a global financial hub, providing enhanced privileges and streamlined regulations.

Viet Nam faces economic uncertainty amid potential US tariffs under Trump presidency

Trump’s trade policies, particularly his advocacy for universal tariffs, have raised concerns among Vietnam's export-driven companies, which heavily rely on the U.S. market.

Indonesia fines Google $13.1 million for monopolistic practices

Indonesia's antimonopoly commission, Komisi Pengawas Persaingan Usaha (KPPU), has fined Google LLC Rp 202.5 billion ($13.1 million) for monopolistic behavior and abuse of its dominant market position.

Draft decree outlines special investment procedures for strategic projects

A draft decree outlining special investment procedures has been introduced, detailing obligations for investors to ensure compliance with legal and planning standards. These include commitments related to construction, environmental protection, and fire safety.

Malaysia confronts workforce paradoxes amid low unemployment rate

Malaysia is grappling with workforce challenges despite a low unemployment rate, Deputy Finance Minister Sim Tze Tzin revealed during a recent press conference. These challenges include mismatches between graduate qualifications and industry needs, high underemployment, and insufficient job opportunities for skilled graduates.

Viet Nam's corporate bond market faces heightened risks in 2025

Vietnam's corporate bond market continues to navigate significant challenges despite a surge in issuances in 2024. A recent report by the Vietnam Investors Service and Credit Rating Agency (VIS Rating) reveals a mixed outlook, with growing debt burdens and repayment risks posing substantial threats to the financial ecosystem.

Thailand approves carbon tax without impacting retail oil prices

The Thai Cabinet has approved a carbon tax of 200 baht per ton of carbon emissions, Deputy Finance Minister Paopoom Rojanasakul announced on Tuesday. The tax, aimed at reducing greenhouse gas emissions, will be incorporated into the existing oil tax structure, ensuring it does not increase retail oil prices or burden the industrial sector.

Thailand advances toward wealth tax implementation

Thailand is progressing toward the implementation of a wealth tax, according to Finance Permanent Secretary Lavaron Sangsnit. 

Tags: Tax

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