News Across Asia

Taxation of India’s Outbound Remittances: LRS Scheme and Increased Tax Rate from October 1

Effective October 1, 2023, the Indian government has increased the tax on outbound remittances from 5% to 20% - with certain exceptions.

China Extends NEV Tax Reduction and Exemption Policy to 2027

China has extended its tax exemption policy for new energy vehicles (NEVs) until 2027, demonstrating its commitment to promoting the electric vehicle (EV) industry.

Decline of English Center Giant Spells Opportunity for FDI

In the wake of a number of troubles facing Apax Leaders, once one of Vietnam’s biggest English language training providers, foreign firms may find a fertile market entry opportunity. Here’s what foreign firms working in this space should know.

Presidents Raisi and Putin Discuss Iran-Russia INSTC Connectivity

Indonesia Proposes Limited FTA with the United States

Indonesia has proposed a limited FTA that will allow critical commodities used in EV production to be shipped to the US.

China Reopening in 2023 - What's Changed in the Economy, Policy, and Diplomacy?

We look at how the economy, government policy, and international diplomacy has developed since China lifted COVID-19 restrictions at the end of 2022.

China Considers Extending its EV Subsidies to 2023 (updated)

China EV subsidies could be extended if the government considers it necessary to stimulate the market, besides tackling slow growth in the auto industry.

Approved: Extended Tourist Visas, VAT Cut to 8 Percent

Over the weekend, Vietnam’s National Assembly approved two key bills that may impact foreigners and foreign firms. Here’s what they are and why they matter.

How RCEP Ratification Benefits the Philippines

The RCEP officially comes into force for the Philippines in early June and opens a gateway of opportunities for businesses and investors.

The GCC – China Free Trade Agreement – Latest Updates From Saudi Arabia

Electrifying the Road Ahead: Unlocking China's EV Charger Industry Potential

China is the world's largest electric vehicle (EV) market and its EV charger industry holds immense potential for foreign investors.

Applying for a Personal Loan in India: Why Use an EMI Calculator

A personal loan EMI calculator helps to compute the monthly installments and obtain a personal loan that is aligned with the person's budget and finances.