Featured News
Stay on top of the latest business news from across Asia. Here we bring you a selection of the latest articles on economic, regulatory, tax, HR, and payroll developments published on our respective regional platforms.
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China Briefing
China Offers Special Equipment Tax Incentive for Green and Digital Development
The new incentive allows companies to deduct investments in digital and smart upgrades of special equipment from their corporate income tax.
China’s New Ethical Guidelines for Human Genome Editing Research
China's new Ethical Guidelines for Human Genome Editing emphasize regulations to address ethical concerns and ensure responsible research.
China’s GDP Expands 5% in H1 2024
China’s GDP expanded by 5.0 percent during the first half of 2024, aligning with the economic target set at the beginning of the year.
China Issues New Fair Competition Review Regulations in Effort to Improve the Business Environment
The new rules prohibit local governments from including content that could favor or discriminate against certain companies when drafting legislation and policy measures.
India Briefing
Capital Gains Tax in India: An Explainer
In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961. We discuss the latest changes to taxation of capital gains introduced under the Union Budget 2024.
Economic Survey of India 2023-24: Report Highlights
The Economic Survey of India 2023-24 presented by finance minister Nirmala Sitharaman shows India on a "strong wicket and stable footing". We look at the GDP growth projections and macroeconomic data for FY25.
India to Expedite Visa Process for Chinese Technicians Amid Industrial Concerns
India is reportedly working on loosening the visa requirements of Chinese technicians in response to concerns from several companies.
India's State-wise Merchandise Export Performance in FY 2023-24
We discuss the changes in merchandise exports from India's states in FY 2023-24, focusing on their key export items and the dynamics of global trade.
Vietnam Briefing
Vietnam Labor Market Report for H1 2024
The Vietnam labor market showed positive trends in H1 2024, with increased employment opportunities and salary growth. Additionally, the proportion of Vietnamese workers holding degrees or certificates rose to 28.1 percent in the second quarter of 2024.
Vietnam Tax Codes: An Explainer
Vietnam’s tax codes identify taxpayers and determine tax liability. Here, we outline how to acquire them and explain their importance.
Vietnam's Economic Performance in H1 2024: Key Indicators and Growth Forecast
Vietnam's strong economic performance in the first half of 2024 has led the General Statistics Office (GSO) to project a 6-6.5 percent growth rate for the year, meeting the government's target.
Vietnam’s New Minimum Wage Effective from July 1, 2024
Vietnam's new minimum wage, effective July 1, 2024, will impact various social insurance items calculated based on the statutory pay rate.
ASEAN Briefing
Electric Vehicle Imports in the Philippines Benefit from Expanded Zero-Tariff Rates
The Philippines has extended its zero-tariff rates on EV imports, aligning with its commitment to develop a domestic electric vehicle market.
Indonesia Strengthens Pharma Sector with Novo Nordisk Partnership
Novo Nordisk’s partnership with Bio Farma underscores Indonesia’s expanding role in biopharmaceuticals and local insulin production.
Indonesia Explores Revisions to Enhance Micro Loan Subsidy Program
Indonesia is considering revisions to its micro loan subsidy program while debating the reinstatement of a COVID-era loan restructuring policy.
Singapore Could Grant Tax Rebates to Refineries for 2024-25
Singapore’s refining hub faces new carbon taxes, but proposed rebates aim to sustain its competitive edge.