Chinese President Xi Jinping has signed off on US$5 billion worth of trade deals with China’s northern neighbor Mongolia, and pledged to assist with further opening up what remain important and potentially lucrative mineral deposits in the country. Yet Mongolian wariness concerning China runs deep.
According to the Inland Revenue Authority of Singapore, a Singapore tax resident can enjoy tax exemption on specified foreign income that is remitted into Singapore.
The Monetary Authority of Singapore (MAS) has proposed new measures to improve investor protection, including extending current regulatory safeguards to cover non-conventional investment products and making it mandatory for all investment products to be rated according to their complexity and risk.
Cloud computing is the future of business in Asia, and companies around the region are beginning to jump on board the train, although infrastructural and regulatory challenges remain, according to the Economist Corporate Network’s recent report.
Japan continues to be the most expensive country in the Asia Pacific region for expatriate packages, followed by Australia and India, according to the latest ECA MyExpatriate Market Pay Survey.