Newsflash ASEAN

Welcome to the Q4/2025 edition of our ASEAN Newsflash. In this issue, we examine Indonesia's recent revisions on its business licensing regulations, aimed at enhancing the country's framework for foreign direct investment. We also take a first look at the newly concluded Comprehensive Economic Partnership Agreement between the European Union and Indonesia—finalized after nearly a decade of negotiations—which seeks to deepen bilateral economic cooperation by eliminating tariffs and reducing other trade barriers. Continuing with developments in international trade, we report on the new tariff regime introduced under the Framework for Reciprocal Trade, agreed upon by Thailand and the United States in October.

Turning to Malaysia, foreign investors should take note of two key regulatory updates: the increased wage threshold for stamp duty exemptions on employment contracts, and the mandatory Employees Provident Fund (EPF) contributions now required for all eligible foreign employees. In contrast, Thailand has postponed the implementation of its Employee Welfare Fund by one year. Additionally, starting 1 January 2026, all company registrations with Thailand's Department of Business Development must be submitted electronically, replacing the previous paper-based application process.

Looking ahead, we are delighted to announce the return of two flagship events: the Vietnam FDI Forum in Ho Chi Minh City on 20 November, and the Malaysia Connect Forum in Kuala Lumpur on 27 November. Both forums will feature timely regulatory updates and dynamic panel discussions on the evolving business landscape across ASEAN. We look forward to welcoming you to a meaningful eye-level exchange. Program details and registration information are available HERE for Vietnam and HERE ​for Malaysia.

We hope you find this edition insightful and valuable for your business.