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Navigating Data Protection Laws in ASEAN-6: A Guide for Foreign Investors

2024-12-19
The rise of the digital economy in Southeast Asia has brought data protection to the forefront of legal and business discussions. The ASEAN-6—comprising Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam—are shaping their data protection frameworks to address both global standards and regional needs. With the increase in cross-border trade, e-commerce, and digital services, each of these nations is strengthening its regulatory approach to secure personal data, protect user privacy, and enhance consumer trust. Indonesia’s enactment of Law No. 27 of 2022 on Personal Data Protection (PDP Law) in October 2022 marked a significant advancement in the nation’s data protection landscape.
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Vietnam Briefing

Overtime Regulations and Compensation in Vietnam

12/18/2024

Overtime hours and regulations in Vietnam pertain to work performed beyond regular working hours. Understanding these regulations is crucial for businesses operating in the country, as it plays a significant role in accurately calculating labor costs. Vietnam Briefing provides an overview of the laws governing overtime hours, the compensation structure, and a comparison with similar regulations in neighboring countries.

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India’s SEBI Tightens Rules, Reporting Norms for Foreign Portfolio Investors

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India’s Securities and Exchange Board of India (SEBI) introduced stricter regulations on December 17, 2024, to govern offshore derivative instruments (ODIs) and foreign portfolio investors (FPIs). These updates, effective immediately for most FPIs and ODIs, aim to enhance oversight of offshore derivative transactions in India’s capital markets.

Middle East Briefing

An Introduction to Doing Business in the UAE 2025 – New Publication Out Now

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The United Arab Emirates (UAE) has firmly established itself as a global business hub, offering unparalleled opportunities for entrepreneurs and corporations alike. With its strategic location bridging Asia, Europe, and Africa, robust infrastructure, and forward-thinking policies, the UAE presents a dynamic and diverse economy that champions innovation and economic growth.

China Briefing

China’s Economy in November 2024: Mixed Signals amid Persistent Challenges

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China’s economy showed mixed performance in November 2024, with industrial production and exports showing resilience, while retail sales and fixed asset investment underperformed, amid ongoing challenges in the property sector. Policymakers are expected to implement targeted fiscal and monetary measures to boost domestic demand and address deflationary pressures.

ASEAN Briefing

Why BYD, GAC Aion, and Citroen are Betting Big on Indonesia’s EV Market

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Indonesia is taking bold steps to establish itself as a hub for electric vehicle (EV) production in Southeast Asia by offering attractive tax incentives to global car manufacturers. Starting in 2025, leading automakers—China’s BYD and GAC Aion, along with France’s Citroen—will benefit from exemptions on import taxes and a reduced luxury sales tax rate of 15 percent.

Vietnam Briefing

Q&A: Personal Income Tax Finalization in Vietnam

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Taxpayers who are required to finalize their annual personal income tax (PIT) directly with the tax authorities in Vietnam should submit PIT returns before the end of April of the following year. With more efficient filing methods and heavy penalties for non-compliance, it’s vital for both employers and individuals to understand the requirements of PIT filing clearly and prepare in advance.

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