News Across Asia - Page 168

India Briefing

India’s Interim Budget 2024: No Populist Measures, No Changes to Taxation

02/01/2024

India's interim budget 2024, which is a vote on account, was presented on February 1, and contained no major policy changes or revisions to taxation. We round up the key provisions laid out in the budget and the fiscal data provided by Finance Minister Nirmala Sitharaman.

India Briefing

India Cuts Import Duty on Mobile Phone Components from 15% to 10%

02/01/2024

In a bid to expand local mobile phone manufacturing, India has lowered import duty on mobile phone components from 15 percent to 10 percent. The move will benefit companies like Apple and Xiaomi and potentially result in a 3-5 percent price drop, benefiting end customers.

Vietnam Briefing

Tet Flower Markets Reveal Fertile Floriculture Market in Vietnam

02/01/2024

Flower markets are springing up all over Vietnam for the Lunar New Year. Here’s the key opportunities for foreign flower firms.

Middle East Briefing

Ducab India and Emirates NBD Ink First Bilateral Partnership for Mutual Economic Growth

02/01/2024

The India branch of leading energy solutions provider and manufacturer based in the UAE, Ducab Group, has entered a partnership with Emirates NBD, a prominent banking group in the Middle East, North Africa, and Türkiye (MENAT) Region.

ASEAN Briefing

Prospects for Electric Battery Production in Indonesia – Latest Issue of ASEAN Briefing Magazine

01/31/2024

In this ASEAN Briefing issue, we provide an overview of Indonesia’s EV battery industry, the various incentives offered by the government, and highlight the right business entity foreign investors should use when entering this industry.

India Briefing

Ahead of Interim Budget and in an Election Year, India’s Chief Economic Advisor Releases a State of the Economy Report

01/31/2024

The report is not an annual economy survey, but a state of the Indian economy report released in an election year. The timing makes it political statement and affirming the progress made by the incumbent Modi government.

China Briefing

China’s FDI Trends 2023: Sources, Destinations, and Key Sectors

01/31/2024

China, positioned as the world's second-largest recipient of foreign direct investment, is undergoing significant shifts. In this article, we analyze the emerging trends within China’s investment landscape.

Vietnam Briefing

Thai Nguyen’s Development Master Plan for 2021 to 2030

01/31/2024

Thai Nguyen has become a hive of manufacturing in recent years and is still drawing huge investments from foreign firms. In this light, the Vietnam Briefing takes a look at what key decision-makers have planned for the future of the province.

India Briefing

How Tamil Nadu's Footwear Industry is Competing with Southeast Asian Markets

01/31/2024

The footwear industry in the South Indian state of Tamil Nadu is getting ready to compete with SEA markets and neighbors like Bangladesh. Since announcing its Footwear and Leather Products Policy 2022, the state has attracted several manufacturing investment proposals, including from vendors to major market players like Adidas, Nike, and Crocs.

Middle East Briefing

eSports Sector on the Rise in the Middle East: Outlook, Major Players, and Prospects

01/31/2024

As the eSports sector thrives in the Middle East, we delve into the region's burgeoning gaming culture, governmental initiatives, standout players, and promising future.

China Briefing

China's Social Security System: An Explainer

01/31/2024

Companies based in China need to understand its complex social security system to stay compliant and maintain strong relations with employees. We address some frequently asked questions.

ASEAN Briefing

New Work Permit Rules for Foreign Employees in Cambodia

01/30/2024

Cambodia’s Ministry of Labor Notification No. 110/23 clarifies the parties that are required to apply for work permits and employment cards.