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.
We discuss employer’s responsibilities regarding processing employees’ personal information during the employment relationship and offer practical advice.
We discuss the law's core concepts and stipulations and provide suggestions for businesses to build compliant IT systems.
Shenzhen opens its application channel from August 16, 2021, to September 30, 2021, for the GBA IIT subsidy for overseas talents. Successful applicants can lower their income tax rate to 15 percent.
Zhongshan City in China's southern Greater Bay Area is set to become a hyper-connected investment base from which to tap into the region's vibrant markets.
India’s biotechnology industry is steadily diversifying its capacity from biopharma and clinical research to bio-agro, bio-services, bioIT, and industry applications.
We list the top investment destinations in India based on specific indicators of state performance, FDI, ease of doing business, and industrial outlook.
India has the third largest fintech ecosystem globally and 67 percent of more than 2,100 fintech entities in operation have been set up in the last five years.
The account aggregator network enables efficient accessibility to financial data and empowers individuals with control over their personal financial data.
To aid with business recovery and economic growth, Vietnam issued Resolution 105 on helping businesses affected by the pandemic including easing restrictions for hiring foreign workers.
Businesses in Vietnam need to prepare for an escalation of the coronavirus outbreak; measures taken by authorities may get enforced with little or no notice.
Vietnam recently issued Decree 57 for businesses involved in supporting industry projects to qualify for corporate income tax incentives.
Vietnam issued Decree 52 deferring tax payments and land rentals for additional businesses affected by the pandemic. The Decree came into effect on April 19.
Individuals and companies are increasingly using electronic signatures, or e-signatures, to sign contracts and complete other transactions in Singapore.
Malaysia’s central bank is set to issue its first digital banking licenses in early 2022, a move that could position the country as one of Southeast Asia’s leaders in fintech.
On January 1, 2021, Indonesia’s Law No. 10 of 2020 on Stamp Duty (the “Law”) came into effect, replacing the previous stamp duty law from 1985.
Thailand has released new incentives for investments in R&D, semiconductor manufacturing, smart packaging, and other digital technologies.
By Chris Devonshire-Ellis The EU has launched its ‘alternative’ to China’s Belt and Road for the EU, with EU Commision President Ursula von der Leyen stating “We want to create links and not dependencies” while clarifying this by stating “It does not make sense for Europe to build roads between a Chinese owned copper mine[.....]
By Chris Devonshire-Ellis The US President Joe Biden and British Prime Minister Boris Johnson have been meeting at the White House and discussing, amongst bilateral trade topics, items of international interest. Top of that list has been discussions on developing an approach to China and Russia based on what the two described as ”Common Values”[.....]
Compiled By Chris Devonshire-Ellis Analysis & Opinion What Attracts Companies In Expanding Business In BRI Countries? (CGTN) BRI Countries Exports To China Surge As Global Producer Prices Boom (Silk Road Briefing) Regional New EU-China Comprehensive Trade Agreement Terms (China Briefing) EU Introduces Global Gateway Program To Counter China’s Belt And Road Initiative (Arirang) EU Launches[.....]
By Bob Savic, Senior Consultant with Dezan Shira & Associates The blow out in global commodity and intermediate goods prices, since the beginning of 2021, has seen producer price inflation (PPI) approach crisis levels across the world’s economies. In some countries, PPI growth has even matched that of the 1970s’ first oil shock. In response,[.....]
The Russian government expects the country’s economy to grow by 4.2% this year, Prime Minister Mikhail Mishustin announced at a meeting on Tuesday.
Russia’s Economic Development Ministry will have representatives in 52 countries from October 1, 2021. The decree to that effect signed by President Vladimir Putin was published on the official portal of legal information on Tuesday.
Thailand hopes to conclude a free trade zone agreement with the Eurasian Economic Union (EAEU), the country’s Prime Minister Prayut Chan-o-cha said during his speech at the recent Far Eastern Economic Forum at the beginning of September.
ASEAN has been hosting virtual ministerial meetings with its important global trade partners, including with Russia. During the ASEAN-Russia sessions, ministers adopted the revised Asean-Russia Trade and Investment Cooperation Roadmap and the Asean-Russia Trade and Investment Cooperation Work Program for 2021-25. These focus on trade and industry; micro-small, small and medium-sized enterprises; sci-tech, innovation and intellectual[.....]