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Year in review 2024 →

Regional Round-up
Issue 1 of 2025

Your Snapshot of Key Legal Developments in Asia

Issue 1 of 2025 (Jan / Feb / Mar)

Cover Story

SINGAPORE

Singapore Launches New AI Safety Initiatives at Global AI Action Summit

The Artificial Intelligence Action Summit (“Summit“) was held on 10 and 11 February 2025 in Paris, at which political, business and civil society leaders came together to foster international cooperation in key areas of artificial intelligence (“AI“), including AI governance, innovation, and safety. At the Summit, Singapore’s Minister for Digital Development and Information, Mrs Josephine Teo, introduced new AI governance initiatives to enhance the safety of AI for Singaporeans and global citizens. This is in recognition of the importance of ensuring the safety of AI systems and the key functions of AI governance, as well as the transboundary nature of AI products and services.

rEGIONAL ROUND-UP

2025

2024

2023

2022

Cambodia

Prakas on Rules and Procedures of Taxation on Trust

Prakas on the Requirements on Financial Soundness of Trust Companies

Prakas on Consumer Protection in Insurance Services

China

China Issues Personal Information Protection Compliance Audit Measures

Implementation Measures for the Administration of Company Registration Come Into Force on 10 February 2025

Indonesia

Indonesia Updates Rules for Foreign Currency from Natural Resources Exports with New Regulation

First Antitrust Approval for Non-Merger Business Cooperation Agreement Issued – A Boost for Business Certainty

Lao PDR

New Requirements and Transaction Fees for Transfers between Foreign Currency Deposit Accounts in Lao PDR

DOFT Imposes Deadline for Renewal of Importer-Exporter Certificate

New Decision Outlines Principles and Regulations for Goods Advertising

Malaysia

Public Consultation Papers Issued for Upcoming Guidelines on Data Protection Impact Assessment, Data Protection by Design, and Automated Decision Making and Profiling under the Personal Data Protection Act 2010

New Guidelines Regarding Solar Photovoltaic Installations for Self-Consumption and Electric Vehicle Charging Systems

Myanmar

Updating of Court Fees from 1 April 2025

Private Security Service Law of 2025 Enacted to Establish Regulatory Framework Comprising Licensing and Operational Requirements

Customs Duties to be Calculated Based on CBM Trading Rate

Philippines

PDIC Adjusts Maximum Deposit Insurance Coverage to PHP1 Million

Philippines and Cambodia Sign Agreement to Enhance Collaboration in Competition Law Enforcement

Philippines and Thailand Ink MOU on Joint Competition Law Enforcement

Philippine Natural Gas Industry Development Act Takes Effect

Singapore

Singapore and Vietnam Advance ASEAN Power Grid Goal through Offshore Wind Power Trade Cooperation and Cross-Border Electricity Trade

Singapore Launches New AI Safety Initiatives at Global AI Action Summit

Measures Introduced to Strengthen Singapore's Equities Market such as Financial Support, Tax Incentives and Streamlining Regulatory Framework Towards More Disclosure-Based Regime

Thailand

TCCT Holds Public Hearing on Trade Competition Act Subordinate Regulations

New Laws Specifically Targeting Foreign Digital Asset Platforms Take Effect

New Regulation on Technology Crimes Takes Effect

Foreign Business Act Investigation Sparked by Building Collapse Due to Earthquake

Vietnam

Singapore and Vietnam Advance ASEAN Power Grid Goal through Offshore Wind Power Trade Cooperation and Cross-Border Electricity Trade

Enactment of Government Decrees in the Energy Sector: Electricity Operation Licences (Decree 61/2025/ND-CP)

Enactment of Government Decrees in the Energy Sector: Renewable Energy and New Energy (Decree 58/2025/ND-CP)

Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

Rajah & Tann Asia is a network of legal practices based in Asia.

Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client.

This website is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this website.

© 2024 Rajah & Tann Asia. All Rights Reserved. All trademarks are property of their respective owners.

Rajah & Tann Asia is a network of legal practices based in Asia.

Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client.

This website is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this website.

© 2024 Rajah & Tann Asia. All Rights Reserved. All trademarks are property of their respective owners.