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Hong Kong’s First Comprehensive Cybersecurity Law: Key Requirements Under the Critical Infrastructure Protection Ordinance

2025-06-19
The passage of the Protection of Critical Infrastructures (Computer Systems) Ordinance marks a significant milestone in Hong Kong cybersecurity, establishing a new legal framework to protect essential services from cyber threats. The law imposes strict compliance obligations on designated critical infrastructure operators, with enforcement set to begin in 2026. Organizations in key sectors are urged to assess their potential obligations under this transformative regulatory regime.
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China Briefing

Breaking Down the US-China Trade Tariffs: What’s in Effect Now?

06/18/2025

UPDATE (June 16, 2025): The Bureau of Industry and Security (BIS) of the US Department of Commerce published a notice adding several household appliances to the tariff list of steel-derivative items, meaning they will be subject to an additional 50 percent tariff when imported into the US.

India Briefing

Karnataka Notifies Peenya as Special Investment Region to Boost Industrial Growth

06/19/2025

India’s southern state of Karnataka has designated Bengaluru’s Peenya Industrial Area as the state’s 18th Special Investment Region (SIR), empowering KIADB to lead infrastructure upgrades, streamline governance, and attract new investments in one of South India’s largest MSME hubs.

Vietnam Briefing

Vietnam Government Extends 2% VAT Reduction on Specific Goods and Services till End of 2026

06/19/2025

Vietnam’s National Assembly recently approved the extension of the 2 percent reduction on value-added tax (VAT) until December 31, 2026. Goods and services subject to the 10 percent VAT rate will continue to enjoy the 8 percent rate until the end of next year.

Middle East Briefing

Irish Food and Drink Exports Thrive in the MENA Region

06/19/2025

Irish food and drink exports to the MENA region hit EUR€546.9 million (US$624 million) in 2024, driven by rising demand for premium, halal-certified, and sustainably produced products in key markets like the UAE and Saudi Arabia.

ASEAN Briefing

Corporate Recovery and Liquidation in Vietnam: A Guide for Foreign Investors

06/18/2025

Foreign-invested companies in Vietnam are increasingly under pressure from rising operational costs, tighter regulatory enforcement, and weakening global demand.

China Briefing

Transfer Pricing Documentation in China: Common Pitfalls and Best Practices

06/18/2025

Preparing compliant transfer pricing documentation in China remains a complex task for multinational companies. From incomplete investment disclosures to vague pricing methodologies, many firms fall short of the expectations set by China’s transfer pricing rules.

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Investing Across Borders: Opportunities in the Johor–Singapore SEZ

06/17/2025

This publication sets out the rationale behind the Johor-Singapore SEZ, the sectors it is likely to support, and the broader context in...

The China+ Strategy: Cross-Border Restructuring for Supply Chain Resilience

05/26/2025

In the face of rising geopolitical tensions, regulatory shifts, and global supply chain vulnerabilities, foreign investors in China are...

Transforming Business Operations with ERP Application

05/09/2025

The world is abuzz with new digital technology applications, and businesses are keen to adopt these advancements to optimize their...

The Corporate Taxation and Compliance Regime in India

04/11/2025

Discover India’s evolving corporate tax landscape in this essential guide. Covering income tax rates, business incentives, and compliance...

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ASEAN

Malaysia Expands SST from July 1: What Businesses Should Know

06/16/2025

Malaysia’s SST expands on July 1, 2025, with new taxes on services and goods — here’s what businesses must do to stay compliant.

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China

China Briefing

China's Economy in May 2025: Cooling Industrial Output, Resilient Consumption

06/20/2025

China’s May 2025 economic data highlight resilient domestic consumption and strategic trade diversification as key stabilizers amid a slowing industrial sector.

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India

India Briefing

India Foreign Direct Investment Tracker 2025

06/20/2025

India recorded over US$50 billion in foreign direct investment (FDI) inflows in FY 2024–25, signaling investor confidence amid regulatory reforms and sectoral liberalization. Explore key trends, top sectors, and routes for foreign investment.

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Vietnam

Vietnam Briefing

Da Nang Free Trade Zone: Implementation Plan, Incentives, and Investment Opportunities

06/20/2025

Da Nang has received approval to develop a free trade zone, which is part of Vietnam's ambitious plan to establish multiple free trade zones (FTZs) nationwide. This initiative signifies a significant shift in Vietnam's economic strategy and trade development.

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Middle East

Middle East Briefing

How the Israel-Iran Conflict is Shaping GCC Trade and Economic Trajectories 

06/20/2025

We analiyze how the Israel-Iran conflict is influencing GCC trade patterns, energy markets, and foreign investment flows.

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