September 2020

COVID-19 Stimulus Measures & Incentives with Special Focus on Projects & Infrastructure Sectors

With the world facing one of the biggest global crisis due to the sudden and rapid spread of the novel coronavirus (“COVID-19”), many governments have imposed measures necessary to curtail the spread of the pandemic. COVID-19 measures such as lockdowns, social distancing, international travel bans and freight transport restrictions were imposed across ASEAN countries based on the contagion rates and healthcare capacity. While such measures were necessary to help stop the spread of the disease, it also had the effect of halting business activities, disrupting sectors and placing a lot of strain on sectors that rely on global connectivity.

To support the economy, government and central banks across ASEAN have eased monetary policies to support economic activity and assemble stimulus packages to sustain businesses and individuals during periods of lockdown or movement restriction.

This publication provides a brief overview of the incentives and stimulus packages that have been rolled out in all ten ASEAN countries as a result of the COVID-19 pandemic with a particular focus on investment in the infrastructure and manufacturing sectors.

Subject matters:
Jurisdictions: ASEAN
Other Resources

Announcement

On 1 December 2022, KPMG and ZICO Law entered into an agreement under which a number of law firms and teams from the ZICO Law network have joined the KPMG network of firms.

The deal will see more than 275 lawyers join over 2,900 legal professionals in the KPMG global organization, creating a significant legal footprint across Asia. It will offer legal services and solutions, a globally connected legal services platform, and specialists who work with leading technology providers to modernize legal functions across organizations. The strategic combination increases the total number of legal professionals in the KPMG network to over 3,750 across 84 jurisdictions. You may read the press release here.

For more information and to see how we can assist you in your desired jurisdiction, please follow the links below: