SINGAPORE

This follows Singapore Exchange Limited ("SGX") consultation paper released in March 2021. The consultation paper set out key features of the listing framework that are aimed at balancing investors' interests against the capital raising needs of the market.

CAMBODIA

• Phase II of New IT Platform for Business Registration
• New Prakas on Procedures for Certification and Recordal of Exclusive Right of Using Mark
• MPWT Issues Prakas Requiring Companies to Apply for Licence and Certificate for Digital Hailing Services for Road Transport Operation

CHINA

• China Releases Regulation on Protecting Security of Critical Information Infrastructure
• China Publishes Regulations on Management of Automobile Data Security
• China's Personal Information Protection Law Comes Into Effect on 1 November 2021

INDONESIA

• Leveling the Playing Field, the Government Cuts Income Tax Rate on Bonds for Local Investors
• OJK Reaffirms Relaxation to Listing Requirements
• KPPU Introduces Guidelines on Administrative Fines

LAO PDR

• Singapore to Trial Import of Electricity from Laos
• Digital Government Transformation Study and Lao Font Further Development
• Bank of Lao PDR Issues Instruction on Converting Foreign Exchange Stores into Commercial Bank Representatives
• Decision on the Management of Accounting Software Comes into Operation on 28 July 2021

MALAYSIA

• The Dividing Line between Indemnities and Guarantees
• BNM Issues Exposure Draft of Policy Document on Bancassurance/Bancatakaful
• Recent Malaysian Court Decision Sheds Light on Proof of Debt Exercise in Schemes of Arrangement and the Test for Granting Leave to Proceed against Restraining Order
• The Enforcement of Accounting Fraud under the Capital Markets and Services Act 2007

MYANMAR

• Updates to the State of Emergency in Myanmar
• Updates from the Central Bank of Myanmar
• Restrictions to the Importation of Motor-Vehicle
• E-Filing System to be Used in Commercial and Special Goods Tax Returns
• Foreign Employee Restrictions Issued by the Central Bank of Myanmar

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PHILIPPINES

• PCC Resumes Motu Proprio Review of M&As After 1-year Moratorium
• NPC Issues Advisories on Adoption of International Data Protection Standards on Security Techniques
• NPC Highlights Privacy Protection in Anti-fraud Data Sharing Initiatives of Financial Industry
• NPC Issues Advisory Opinion on Adoption of ASEAN Cross-border Tools to Boost Digital Competitiveness
• BIR Suspends Imposition of VAT on Local Purchases of RBEs

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SINGAPORE

• Singapore Introduces Proposed New Laws to Counteract Foreign Interference
• Singapore SPACs Listing Framework Takes Effect on 3 September 2021
• Developments in Cross-Border Paperless Trade - Singapore Collaborates with Australia and Trade Partners on Blockchain and Other Trade Initiatives
• Capital Gains, Branch Profits, Royalties: Updates to the Singapore-Indonesia Double Taxation Agreement
• Singapore Court of Appeal Considers Application of UNCITRAL Model Law on Cross-Border Insolvency for the First Time

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THAILAND

• Relaxation of Limitations for Foreign Arbitrators or Representatives in Thai Arbitral Proceedings
• Social Security Fund Contributions Reduced for Further Three Months Due to COVID-19 Outbreak
• Foreign E-service Providers Required to Register as VAT Registrants in Thailand
• Measures to Alleviate COVID-19 Lockdown Policy for Employers and Employees

VIETNAM

• Amending Decree on E-commerce
• New Decree on Cross-Border Advertising Activities