News Across Asia - Page 105

ASEAN Briefing

Indonesia Strengthens Pharma Sector with Novo Nordisk Partnership

07/25/2024

Novo Nordisk’s partnership with Bio Farma underscores Indonesia’s expanding role in biopharmaceuticals and local insulin production.

China Briefing

China’s Third Plenum – Key Takeaways for Foreign Investors

07/25/2024

The Third Plenum vowed to implement myriad reform policies by 2029 to grow the economy, improve the private sector, boost foreign investment, reform the tax regime, and more.

India Briefing

India to Consider Easing Rules for FDI and Overseas Investments

07/25/2024

India's Department for Promotion of Industry and Internal Trade (DPIIT) will establish strict timelines for various government agencies and departments to expedite the clearance of foreign direct investment (FDI) proposals in prioritized sectors.

Middle East Briefing

Red Sea Security Concerns Hit Suez Canal Earnings

07/25/2024

Suez Canal earnings fell nearly 25 percent from July 2023 to June 2024 as shipping companies chose alternative routes to avoid Houthi attacks in the Red Sea.

Middle East Briefing

Oman Labor Authority Prohibits Expat Hiring in 30 Professions, Details Awaited

07/25/2024

The Ministry of Labor (MoL) has announced that 30 new professions will be reserved exclusively for Omanis. However, details are awaited before the regulation comes into effect in September.

India Briefing

India to Abolish 2% Equalisation Levy on Non-Resident Digital Companies from August 1, 2024

07/24/2024

India will abolish the 2 percent equalization levy on a broad range of services provided by offshore technology firms from August 1, 2024.

India Briefing

India's Union Budget 2024-25: Key Announcements

07/24/2024

India's Union Budget 2024 has introduced measures targeting education, employment, skilling, and the middle class. Nine priority sectors have been identified and key changes introduced to the capital gains tax regime.

India Briefing

Top Off-Plan Projects in Sharjah for Indian Buyers

07/24/2024

Discover top off plan projects in Sharjah for Indian buyers. Explore luxurious apartments, villas, and townhouses in thriving communities.

China Briefing

China's Futuristic Industries: Investment Prospects in the Emerging Low-Altitude Economy

07/24/2024

Key regions like Guangdong, Shenzhen, and Chengdu are spearheading development through substantial investments and regulatory support, despite challenges in infrastructure and safety.

ASEAN Briefing

Indonesia Explores Revisions to Enhance Micro Loan Subsidy Program

07/23/2024

Indonesia is considering revisions to its micro loan subsidy program while debating the reinstatement of a COVID-era loan restructuring policy.

China Briefing

China Offers Special Equipment Tax Incentive for Green and Digital Development

07/23/2024

The new incentive allows companies to deduct investments in digital and smart upgrades of special equipment from their corporate income tax.

Vietnam Briefing

Tax Audits for Representative Offices in Vietnam

07/23/2024

We discuss the key points of tax audits for Representative Offices in Vietnam, considering that these entities rely entirely on their parent companies without the ability to generate profits or enter into contracts independently.