News Across Asia - Page 31

China Briefing

Shanghai Raises Minimum Wage in 2025

07/16/2025

Effective July 1, 2025, Shanghai raised its minimum wage to RMB 2,740 per month and RMB 25 per hour. The adjustment reflects a stable, cautious wage policy amid shifting economic conditions.

China Briefing

China-Australia Economic Ties: Trade, Investment, and Latest Updates

07/16/2025

On October 10, the Australian government announced that it has agreed on a timetable with China for the full resumption of Australian live rock lobster exports by the end of 2024.

India Briefing

Trade War Economics: India's Moment in the US's Tariff Strategy

07/15/2025

NITI Aayog's July 14, 2025, quarterly study shows India has gained advantages in 22 major export sectors through the US tariff changes that favor domestic producers over countries like China, Canada, and Mexico.

Vietnam Briefing

Vietnam Personal Data Protection Law: Latest Developments and Insights

07/15/2025

Effective from July 1, 2026, Vietnam Personal Data Protection Law establishes the country’s first comprehensive legal framework dedicated solely to the protection of personal data. The new law grants organizations a one-year transitional period to adapt their operations to comply with the updated legal requirements.

ASEAN Briefing

Tax Reporting Requirements for Foreign Businesses in Vietnam

07/15/2025

Understand Vietnam’s tax reporting rules for foreign companies, including CIT, VAT, PIT, transfer pricing, and e-filing systems.

China Briefing

China Company Law Follow-Up: Rules Clarified on Use of Reserve Funds, Non-Monetary Capital Contributions

07/15/2025

China’s Ministry of Finance has clarified compliance procedures for using reserve funds to offset losses and making capital contributions through non-monetary assets, with implications for financial reporting, compliance procedures, and fund management.

India Briefing

Apple’s Contract Manufacturers and Component Suppliers in India

07/15/2025

Apple is reportedly planning to expand its partnership with Tata Group to manage iPhone and MacBook repairs in India. We note major contract manufacturers of Apple products in India and list their locations and investment scope.

Middle East Briefing

Saudi Arabia Opens Stock Market to GCC Residents

07/15/2025

Saudi Arabia has opened its investment market to individual residents of the UAE and other GCC countries.

Vietnam Briefing

Investing in Vietnam's Garment and Textile Industry: Overview and Key Dynamics

07/14/2025

Vietnam Briefing highlights Vietnam’s fast evolving garment and textile industry – its development, growth, and opportunities for investors.

ASEAN Briefing

Beyond Call Centers: The Rise of High-Value IT-BPM Services in the Philippines

07/14/2025

Finance, legal, IT, and analytics are driving the Philippines’ shift beyond call centers into high-value IT-BPM services for investors.

Middle East Briefing

UAE Offers Corporate Tax Fine Waiver: Relief Measures Explained

07/14/2025

The UAE Federal Tax Authority has announced a conditional waiver of AED 10,000 for late corporate tax registration.

China Briefing

High-Temperature Allowance in China: FIEs’ Compliance Checklist

07/14/2025

This article provides a comprehensive guide for foreign invested enterprises (FIEs) on China’s high-temperature allowance system, including eligibility rules, payment methods, tax treatment, and regional variations.