News Across Asia - Page 129

Vietnam Briefing

Understanding Vietnam’s Middle Class: Size, Spending Patterns, and Opportunities for Businesses

07/05/2024

Vietnam aims to achieve upper-middle-income status by 2035, with its middle class projected to reach 26 percent of the population by 2026.

India Briefing

Revenue Generated by India's Top States to be Robust in FY25

07/05/2024

According to a report, Indian states' revenue collection will be primarily driven by robust GST collections and the devolution of finances from the central government in FY 2024-25.

China Briefing

China Monthly Tax Brief: June 2024

07/05/2024

Highlights from this monthly China tax brief include the increased duty-free quotas for Hong Kong and Macao residents entering the mainland, the tax policy regarding temporary import repair in the Shanghai FTZ, and Shenzhen's new measures to attract foreign investment.

Vietnam Briefing

Vietnam Notifies Decree 80/2024/ND-CP on Direct Power Purchase Agreements: Key Details

07/04/2024

Decree 80/2024/ND-CP on Direct Power Purchase Agreements (DPPA) is part of Vietnam’s broader strategy to promote environmental sustainability and enhance the competitiveness of its retail electricity market.

India Briefing

India to Fund AI Computing Infrastructure with 10,000 GPUs

07/04/2024

At the INDIAai Summit 2024, Union Minister of Electronics and IT, Ashwini Vaishnaw said the country will invest in an AI computing infrastructure with at least 10,000 graphics processing units.

China Briefing

China’s Industry Clusters - A Comprehensive Overview

07/04/2024

China's industry clusters foster economic growth by enhancing efficiency, innovation, and competitiveness through geographic concentration of interconnected businesses, suppliers, and institutions.

India Briefing

Andhra Pradesh Reignites Amaravati Capital City Ambition

07/03/2024

The Andhra Pradesh government has issued a gazette notification on the Amaravati Government Complex Master Plan, reviving the new capital project nearly a decade after Telangana's bifurcation. We discuss the stakes involved as Hyderabad will no longer be the joint capital of the states of Andhra Pradesh and Telangana from June 2, 2024.

ASEAN Briefing

Overhaul for Malaysia's My Second Home Program: What You Need to Know

07/03/2024

Malaysia's MM2H program introduces a three-tier system with mandatory property purchases and revised visa requirements.

Vietnam Briefing

Vietnam Considers E-Invoicing for Livestream Sales: Advisory for Businesses

07/03/2024

Vietnam wants to update existing regulation to ensure e-invoicing for livestream sales and strengthen tax scrutiny in the e-commerce sector.

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.