News Across Asia - Page 120

China Briefing

China Expands Market Access in Cross-Border Services with Release of New Negative Lists

04/01/2024

The negative lists provide clarity and relax restrictions on overseas companies selling services to China, laying the groundwork for future market access expansion.

India Briefing

Tax Rules in India in Effect from April 1, 2024

04/01/2024

FY 2024-25 begins April 1, 2024 and brings in no new changes to the tax rules in India per the federal government. We roundup the direct tax rules applicable for AY 2024-25 and certain Finance Act 2024 amendments to the indirect tax regime.

ASEAN Briefing

Exploring Indonesia's Personal Data Processing Practices: A Comprehensive Overview

03/31/2024

Under Indonesia's PDP Law, personal data processing activities must be conducted in a specific, legally valid, and transparent manner.

China Briefing

China Lifts Tariffs on Australian Wine Imports, Amid Improving Trade Ties

03/29/2024

China announced the lifting of the tariffs imposed on Australia wine imports, marking a significant turning point in China-Australia trade relations after years of tension. We look at the significance and implications of this decision.

Vietnam Briefing

Domestic EV Major VinFast Gets Ambitious with New India Factory

03/29/2024

Homegrown auto major, VinFast, is establishing a factory in southern India to manufacture electric vehicles, targeting the India, South Asian, Middle East, and African markets. It is testament to Vietnam's rapidly advancing electric vehicle ecosystem and capacity for domestic innovation.

China Briefing

China Unveils New Guidelines on Optimized Payment Services for Foreigners: An Overview

03/29/2024

To optimize payment experiences for foreign visitors and businesses in China, the People’s Bank of China has recently released a set of guidelines detailing the payment methods currently accessible to foreign nationals across the mainland.

India Briefing

Outlook for the Flexible Workspace Sector in India

03/28/2024

Flexible workspace and co-working offices are seeing steady growth across Tier 1 and Tier 2 cities in India propelled by enterprise demand. We discuss the market outlook for this real estate segment in 2024 and 2025.

China Briefing

Shanghai Introduces New Guidelines for Cosmetic Advertising

03/28/2024

Shanghai issued New Guidelines for cosmetics advertising, which cover aspects such as product classification, efficacy claims, and endorsement activities. We present key highlights.

ASEAN Briefing

New Salary Criteria for Hiring Foreign Executives in Singapore

03/28/2024

Singapore will increase the salary criteria for foreign executives and professionals working in the country from January 1, 2025.

Middle East Briefing

UAE’s Overseas Investments Soars to Estimated US$2.5 Trillion by 2024

03/28/2024

As of early 2024, the UAE’s overseas investments have surpassed US$2.5 trillion, solidifying its position as a leading global player in FDI.

India Briefing

India Hopes to Replace Minimum Wage with Living Wage Standard by 2025: What We Know

03/28/2024

India is working with the ILO to establish a living wage standard that covers housing, healthcare, food, education, and clothing expenditure. The aim is to have this ready by 2025.

Vietnam Briefing

Vietnam Unveils Decree 32/2024/ND-CP on the Management and Development of Industrial Clusters

03/27/2024

Decree 32/2024/ND-CP regulating industrial clusters in Vietnam takes effect on May 1, 2024. Key provisions impacting stakeholders are summarized in this article.