News Across Asia - Page 72

China Briefing

Accounting Digitalization in China: Managing the Impact of Fully Digitalized E-Fapiao and the New Accounting Law

09/26/2024

China's accounting is transforming with digitalization of the e-fapiao and the new Accounting Law, improving efficiency and compliance. Enterprises must adopt digital tools for accurate financial management and regulatory adherence.

Vietnam Briefing

Vietnam’s First Draft of New Personal Data Protection Law (PDPL) Released for Public Comments

09/26/2024

On September 24, 2024, the Vietnamese government issued the first draft of a new Law on Personal Data Protection (PDPL) for public feedback. The draft law has more stringent provisions than the Personal Data Protection Decree and is potentially set to take effect from January 1, 2026.

China Briefing

Navigating China's F&B Market: Key Growth Trends and Opportunities

09/25/2024

China's F&B market offers significant growth opportunities, attracting foreign companies despite intense competition. Success depends on adapting to evolving consumer trends and driving innovation.

India Briefing

India Extends Import Management System for IT Hardware Until December 31, 2024

09/25/2024

India's DGFT has announced the extension of the current import management system (IMS) for IT hardware products till the end of December 2024.

Vietnam Briefing

Insights into the Vietnam Workforce in 2024: Key Takeaways for Businesses

09/25/2024

We explore key shifts and attitudes among the Vietnam workforce in 2024 per recent reports as they cope with technology-led workplace transformation, pursue meaning work in areas of green-impact and sustainability, and increasingly seek work-life balance.

ASEAN Briefing

Cambodia Raises Minimum Wage for Garment and Footwear Sectors in 2025

09/25/2024

Cambodia will raise the minimum wage for the garment and footwear sectors to $208 per month in 2025.

Middle East Briefing

Egypt Introduces Business-Friendly Tax Relief Measures to Boost Economic Growth

09/25/2024

A key reform is the introduction of a simplified tax regime for businesses with an annual turnover of up to EGP 15 million. For international companies, the government has raised the threshold for the preparation and submission of transfer pricing studies to EGP 30 million.

China Briefing

China’s August 2024 Economy: Record Export Growth Amid Domestic Challenges

09/24/2024

In August, China saw a notable surge in exports, highlighting strength in foreign trade, while industrial production and fixed asset investment lagged overall.

ASEAN Briefing

Key Changes in Indonesia's Franchise Laws

09/24/2024

Learn about the key changes to Indonesia's franchise laws via regulation GR 35/2024 and how they impact franchisors, franchisees, and MSMEs.

Vietnam Briefing

The Footwear Market in Vietnam: Trends and Opportunities

09/24/2024

The footwear market in Vietnam is on a steady growth trajectory, driven by an expanding customer base, growing middle-class population, and evolving preferences. We discuss the key market trends and Vietnam consumer outlook to 2030.

Middle East Briefing

GCC Central Banks Follow US Fed in Rate Cuts

09/24/2024

Following the recent decision by the US Federal Reserve to lower its benchmark interest rate by 50 basis points, GCC central banks have implemented similar cuts.

Middle East Briefing

Oman’s Strategic Move to Attract Foreign Investment: Exploring the New Opportunities

09/24/2024

Oman, under the stewardship of Invest Oman, has unveiled a series of strategic investment opportunities worth over OMR 166 million (approx. US$430 million) in the manufacturing sector.