News Across Asia - Page 111

China Briefing

China Offers 5-Year Mainland Travel Permit to Non-Chinese Hong Kong and Macao Permanent Residents

07/03/2024

Starting July 10, 2024, a five-year multi-entry travel permit can be applied by non-Chinese permanent residents of Hong Kong and Macao, to facilitate travel to the Chinese mainland.

Middle East Briefing

UAE Firms Report Increase in New Orders Even as June PMI Dips Slightly

07/03/2024

The S&P’s Purchasing Managers Index (PMI) for UAE in June revealed a score of 54.6, slightly down from May's 55.3, but still indicative of robust business activity within the UAE economy.

Middle East Briefing

Transfer Pricing Compliance in UAE Free Zones

07/03/2024

Transfer pricing compliance in the UAE Free Zones ensures transactions between related entities reflect fair market value, aligning with international tax standards and the UAE Economic Substance Requirements.

India Briefing

Hyundai India's Strategic IPO Entry to Strengthen Position in the Domestic EV Market

07/02/2024

Hyundai India's IPO listing is anticipated to be the largest ever in the Indian market, valued at US$2.9 billion. Investment banks like Citi, JP Morgan, HSBC, Morgan Stanley, and Kotak are advising Hyundai on the IPO entry.

Vietnam Briefing

Vietnam Calls for Chinese Support in Advancing Rail Projects

07/02/2024

The Vietnam government is seeking more Chinese investments and technological support in advancing national and cross-border rail projects, which will both reduce logistics costs and provide effective public transportation.

China Briefing

Navigating China’s New Employment Trends and Implications

07/02/2024

New employment trends are emerging in China's labor market amid structural challenges. Businesses should stay agile, invest in talent, and adapt to changing market dynamics to accommodate the implications.

Middle East Briefing

Compliance Requirements After Incorporation in the UAE

07/02/2024

We discuss some of the reporting tasks and compliance obligations that companies must manage after incorporating a business in the UAE.

China Briefing

China Issues Judicial Interpretations on the New Company Law's Applicability and Retrospective Effect

07/02/2024

The final version of the 2023 China Company Law came into effect July 1, 2024 and the Supreme People's Court has issued judicial interpretations regarding the application and effectiveness of the Company Law. While adhering to the principle that laws do not apply retroactively, the Interpretations clarify situations where provisions of the New Company Law take precedence.

India Briefing

India, U.S Extend Equalization Levy Deadline on E-Commerce Transactions

07/01/2024

India and the US agreed to extend the equalization levy on e-commerce until June 30, 2024, with the aim to maintain stability in digital business operations between the two countries.

Middle East Briefing

Freshworks Inc. Expands Presence in MEA with New UAE Data Center Powered by AWS

07/01/2024

Freshworks' partnership with Amazon Web Services (AWS) is integral to its strategy in Middle East & Africa (MEA), and is representative of how companies in the UAE are investing in digital infrastructure to provide advanced customer and employee service solutions while ensuring regional data compliance.

ASEAN Briefing

Updates to Employment Permits for Professional Foreign Workers in Singapore

07/01/2024

Singapore's Ministry of Manpower provides a range of employment permits for professional expatriates planning to work in the country.

Middle East Briefing

Facilitating Trade and Connectivity between UAE and India: Updates Linked to the IMEEC

07/01/2024

India and the United Arab Emirates (UAE) are set to launch an online platform for streamlined port clearance processes under the IMEEC.