Corruption is not new. It is as old as the history of human beings. And it will always be with us, because there will always be people who want to live in luxury, to be part of the jet set community, to be closer to the centres of power. No one can eradicate corruption completely, but there are ways to minimise it. In the case of Indonesia,...
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Interviews & Viewpoints | Todung Mulya Lubis, Senior Partner, Lubis Santosa & Maramis, on corruption and legal uncertainty from The Report: Indonesia 2014
Articles & Analysis | Fighting corruption: Strengthening the system for the sake of the whole from The Report: Indonesia 2014
In terms of corruption, Indonesia performs poorly. In 2012 Transparency International ranked Indonesia 118th out of 176 countries, with a Corruption Perception Index score of 32 on a scale of 0-100. Endemic and systematic corruption is a major factor hindering development and is a bane to foreign investment.
On the cusp of 2014 national elections and the 2015 integration of the ASEAN Economic Community, Indonesia is poised to continue its rapid economic expansion. While the country’s natural resources are still plentiful, by channelling foreign direct investment into the right areas, the government is ensuring that true potential, in terms of value and manufacturing, is achieved.
Articles & Analysis | The going rates: Taxes as applied to individuals and businesses in the country from The Report: Thailand 2014
There are two categories of income tax in Thailand, personal and legal entity. Personal income tax is a direct tax that every person with an income is required to pay, and also any person who died in that fiscal year, undivided estates, and ordinary partnerships or groups of people that are not a legal entity. Personal income tax is based on...
Articles & Analysis | Outside looking in: A rundown of the regulations concerning foreign investment from The Report: Thailand 2014
Of the business bases in the ASEAN region, Thailand is well placed to attract substantial foreign direct investment. The Foreign Business Act of 1999 (FBA) directly governs foreign investment in the country. Under the FBA, foreign businesses are separated into two categories: legal entities not registered in Thailand and legal entities...
Interviews & Viewpoints | Yuthana Promsin, Partner & Co-founder, Jus Laws & Consult, on Thailand’s status as a regional investment hub from The Report: Thailand 2014
In recent years Thailand has enacted a number of legal reforms to improve the regulatory environment for foreign investors and augment corporate governance. These measures have positioned Thailand as an example of an emerging Asian economy that has developed comprehensive corporate and criminal legal frameworks to encourage trade and investment. The benefits of these...