News Across Asia - Page 87

Middle East Briefing

A Guide to AML/CFT Compliance and Reporting in the UAE

09/30/2024

This guide provides an overview of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) compliance requirements for Financial Institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs) in the UAE, reporting best practices, and area-wise supervisory authorities.

Middle East Briefing

Türkiye Revises Economic Outlook for 2025-2027: Balancing Inflation, Growth, and Opportunities

09/30/2024

Turkiye’s revised economic outlook for 2025-2027 reflects a strategic shift amid high inflation and slowing growth.

China Briefing

2024 China National Day Holiday Guide: Rest Days, Work Schedule, and Overtime Pay

09/29/2024

The 2024 China National Day holiday is just around the corner. This article outlines the official holiday and work adjustment schedule released by the Chinese government, as well as the guidelines for salary payments and overtime pay during this period.

China Briefing

China-Switzerland Economic Ties: Trade and Investment Highlights

09/27/2024

China and Switzerland's economic ties have grown, with trade exceeding RMB 416.93 billion (US$57.34 billion) in 2023. The Free Trade Agreement, currently under update, strengthens key sectors like pharmaceuticals, machinery, and luxury goods.

China Briefing

China-Thailand Economic Ties: Trade and Investment Opportunities

09/27/2024

China and Thailand maintain a robust economic relationship, with bilateral trade reaching US$126.3 billion in 2023. China is Thailand’s largest trading partner and top foreign investor, supported by partnerships such as the ASEAN-China FTA and RCEP.

Vietnam Briefing

Vietnam Fintech and Payroll Innovation: Understanding the Concept of Earned Wage Access Services

09/27/2024

Earned Wage Access (EWA) services is a relatively new fintech concept in Vietnam, aligning with policies aimed at promoting financial inclusion. Although this service segment is still in its early development stage, it has the potential to provide financial services and products to a significant underbanked population that often relies on dubious loan providers.

India Briefing

India Shortens Deadline for Filing CSR-2 Return: MCA Notification

09/27/2024

Companies in India that report their corporate social responsibility expenditure must file the CSR-2 Return for FY 2023-24 by December 31, 2024.

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.