Business updates and special topic events, specially curated to for global foreign investors in Asia

January 18, 2024

18 January 2024	View in Browser

Weekly business and foreign investment news roundup in Asia

by Asia Briefing and Dezan Shira & Associates.

ASIA EDITION


TOP STORIES THIS WEEK:


New Standard Contract Guidelines Streamline Cross-Border Personal Information Transfer in the GBA

The new guidelines make it easier for companies located in the mainland portion of the Greater Bay Area and Hong Kong to use the simplified standard contract mechanism to perform personal information transfer between the two...


A Guide to Minimum Wages in China

We offer a guide to minimum wages in Mainland China and discuss how labor costs are affected by changes to the minimum wage levels. Latest wage updates cover Jiangsu, Zhejiang, and Liaoning.


The Scope for Foreign Investment in India’s Green Growth Challenge

We discuss how India's efforts to develop its green economy and overcome key sustainability development challenges offer foreign companies various profitable business opportunities.


Tax Transformation: Indonesia Introduces New Income Tax Regulations

Indonesia’s government has introduced Government Regulation 58 of 2023 (GR 58/2023) on new income tax deduction rates for individual taxpayers. GR 58/2023 became effective on January 1, 2024.


Outlook: M&A in Vietnam’s Banking Industry in 2024

Factors driving M&A activity in Vietnam’s banking sector includes demand for capital among domestic banks, a rapidly growing consumer market, and a need to diversify their products. Vietnam’s banks recorded deposits of more...


GCC-South Korea Free Trade Agreement to Eliminate Almost 90% of Tariffs

On December 28, 2023, the Gulf Cooperation Council (GCC) and South Korea signed a joint statement committing to a free trade agreement (FTA) following six rounds of negotiation that first started in 2007.

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NEW PUBLICATIONS FOR COMPLIMENTARY DOWNLOAD:


An Introduction to Doing Business in China 2024

This guide familiarises investors with business landscape & explores new methods of doing business in China — to identify areas of risk and prepare for new opportunities.


An Introduction to Doing Business in India 2024

This guide covers essential aspects of investing in India, including corporate establishment, investment climate, tax, audit, accounting, HR, payroll, and the trade environment.


An Introduction to Doing Business in ASEAN 2024

We introduces the fundamentals of investing in ASEAN countries, from corporate establishment, tax advisory, bookkeeping, to HR & payroll, double tax agreements, audit & compliance.


An Introduction to Doing Business in Vietnam 2024

We provide investors with an overview of the fundamentals of investing and doing business in Vietnam, with all information a firm might need to not only establish itself, but also to thrive, in Vietnam.


UPCOMING EVENTS FOR ASIA:


Startup Bridge GCC - An Introduction to Doing Business in UAE

Online Program \| Tuesday, January 16, 2024


Singapore 2023 Recap & 2024 Outlook: Updates & Opportunities

Webinar \| Tuesday, January 23, 2024 \| 4:00 PM Singapore / 3:00 PM ICT / 9:00 AM CET

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