News

Nov. 1 – Wal-Mart announced plans this month to rebalance its portfolio of retail stores in Asia following poorer-than-expected results among its Indian locations. The retailer, which entered the Indian market through a joint venture with Bharti Enterprises, has decided to suspend its operations in the country due to restrictive government regulations, which required the […]

Oct. 30 – Singapore and Hong Kong have ranked first and second in the World Bank’s “Doing Business 2014” report. These Asian financial centers have retained the highest rankings for the past eight years due to regulations that facilitate the “ease of doing business” for small and medium-size enterprises. The World Bank report analyzes regulatory […]

Oct. 30 – This week, consulting firm Ernst & Young (EY) released its latest bi-annual mergers and acquisitions (M&A) report, which cited China as one of the world’s top five destinations for M&A activity alongside India, Brazil, the United States and Canada. The report also further provided an optimistic outlook for China and India, with […]

By Eunice Ku Oct. 29 – When a foreign company decides to try and sell to the Chinese market, there are several options – working through an agency or distributor, or registering a representative office (RO). Whereas an agent or distributor may have limited loyalty or little interest in end-user satisfaction, an RO is an […]

Nun hat der chinesische Gesetzgeber neue Vorschriften eingeführt; Anfang Juli traten sie in Kraft. Lediglich vorübergehende und Hilfspositionen sind demnach mit Springern zu besetzen, bei Verstoß drohen heftige Strafen.

A renewed emphasis on regional cooperation was among the key issues discussed this week during Indian PM Singh’s visit to China. Both sides agreed to further dialogues on the Bangladesh-China-India-Myanmar Economic Corridor, a strategic economic partnership proposed by the long-standing BCIM Forum.

Oct. 25 – Vietnam’s National Assembly issued the Law on Personal Income Tax (PIT) on November 21, 2007, which came into effect on January 1, 2009. The law applies to individuals earning income, including individuals doing business who were previously included under corporate income tax. According to the PIT Law, PIT is levied on the […]

Bangladesh & Myanmar trade corridor between China & India also discussed Oct. 24 – China and India have agreed that in the event of any conflict along the Line of Actual Control (LAC) they will not revert to using force or threats, and will actively seek to prevent any form of armed conflict or unnecessary […]

Oct. 24 – The European Union (EU), accounting for 20 percent of global imports and exports, plays a massive role in Asia’s markets. EU-India trade, for example, grew from €28.6 billion in 2003 to €79.9 billion in 2011. Furthermore, ASEAN as a whole represents the EU’s largest trading partner after the U.S. and China, with […]

Oct. 17 – Pursuant to the prevailing regulation on Vietnamese tax management, the taxpayer must submit monthly valued-added tax (VAT) returns and settle tax payments on or before the 20th day of the following month in localities where they conduct production or business. Furthermore, in specific situations, business establishments that pay VAT according to the […]