News Across Asia - Page 178

India Briefing

India’s Technology Spending to Reach US$54.5 Billion in 2024: Report

06/18/2024

India's technology spending is expected to reach approximately US$54.5 billion in in 2024, outpacing other Asia Pacific regions.

China Briefing

China’s 2024-25 Energy Conservation and CO2 Reduction Plan - Compliance Considerations for Businesses

06/17/2024

Companies in heavily polluting industries may come under increased pressure to help meet China's emissions reduction targets for 2024 and 2025.

India Briefing

IT/ITES in Karnataka Get Labor Law Exemption for Five More Years

06/17/2024

Companies in the IT/ITES sector and knowledge industries in Karnataka will be exempted from provisions of the Industrial Employment (Standing Orders) Act till June 10, 2029.

Middle East Briefing

Economic Substance Regulations in the UAE 2024: Key Insights and Deadlines

06/17/2024

The UAE's Economic Substance Regulations require entities engaged in specified activities to submit annual notifications and reports. We discuss the compliance requirements and deadlines for 2024.

ASEAN Briefing

Indonesia's VAT Rate to Increase in 2025: How Businesses Can Get Ready

06/14/2024

The Indonesian government is expected to impose a 12 percent VAT in 2025, an increase of 1 percentage point from the current VAT rate.

China Briefing

China’s Wine Market Outlook: Trends and Opportunities

06/14/2024

China's wine market, with new trends and shifting consumption patterns, present opportunities for foreign wine producers and exporters.

ASEAN Briefing

Navigating Indonesia's Housing Savings Program: What You Need to Know

06/14/2024

Indonesia’s government plans to introduce a mandatory public housing savings program (Tapera) for employees in the private sector and those who are self-employed.

Vietnam Briefing

Vietnam Sets Record for Newly Established Firms in the First Five Months of 2024

06/14/2024

Nearly 65,000 firms entered the Vietnam market in the first five months of 2024 - the highest record ever with a 4.5 percent y-o-y increase.

India Briefing

India to Propel South Asia as Fastest Growing Region: World Bank

06/13/2024

According to the latest projection of the World Bank, India's GDP is expected to grow at an average annual rate of 6.7% from 2024 to 2026.

India Briefing

India-Qatar Investment and Trade Relations

06/13/2024

India is keen to attract greater investments from Qatar, tapping its sovereign wealth fund - QIA - for funding opportunities in the energy supply chain as well as across agriculture, startups, education, and renewables sectors.

China Briefing

New Data Security Risk Assessment Rules for Industry and Information Technology Sectors

06/13/2024

New trial rules clarify data security risk assessments requirements for companies processing core and important data in the industrial and IT fields.

India Briefing

Discussions for a New Electronic Components PLI Scheme in India: What We Are Hearing

06/12/2024

India is reportedly considering a new PLI scheme for electronic components, targeting a local value addition of 35-40 percent.