News Across Asia - Page 132

India Briefing

Interim Budget Rounds Up Key Tax Reforms, Makes Case for Modi Re-Election

02/02/2024

Finance Minister Nirmala Sitharaman rounded up the government's recent tax measures in her 2024 interim budget, with no new changes to the tax regime, in a marked departure from 2019. We list some of the highlighted policy achievements in this brief and note a few extensions.

ASEAN Briefing

Indonesia’s Electric Battery Industrial Strategy

02/02/2024

Indonesia's ambitious targets in the electric battery industry offer a prime opportunity for strategic investments and partnerships.

Vietnam Briefing

Top 6 FDI Locations in Vietnam in 2023 and Why

02/02/2024

These Vietnamese provinces received the most foreign direct investment in 2023. Here’s a short overview and why.

Middle East Briefing

Saudi Arabia’s SABIC to Establish a US$6.4 Billion China Petrochemical Complex

02/02/2024

On January 21, 2024, Saudi Basic Industries Corporation (SABIC) announced its final investment decision to construct a petrochemical complex in China's southeastern Fujian province.

China Briefing

Preparing for the Year of the Dragon: HR Strategies and Travel Trends During Chinese New Year 2024

02/01/2024

From arranging additional leave to issuing annual bonuses, here's how HR teams can prepare for the eight-day Chinese New Year holiday.

India Briefing

India’s Interim Budget 2024: No Populist Measures, No Changes to Taxation

02/01/2024

India's interim budget 2024, which is a vote on account, was presented on February 1, and contained no major policy changes or revisions to taxation. We round up the key provisions laid out in the budget and the fiscal data provided by Finance Minister Nirmala Sitharaman.

India Briefing

India Cuts Import Duty on Mobile Phone Components from 15% to 10%

02/01/2024

In a bid to expand local mobile phone manufacturing, India has lowered import duty on mobile phone components from 15 percent to 10 percent. The move will benefit companies like Apple and Xiaomi and potentially result in a 3-5 percent price drop, benefiting end customers.

Vietnam Briefing

Tet Flower Markets Reveal Fertile Floriculture Market in Vietnam

02/01/2024

Flower markets are springing up all over Vietnam for the Lunar New Year. Here’s the key opportunities for foreign flower firms.

Middle East Briefing

Ducab India and Emirates NBD Ink First Bilateral Partnership for Mutual Economic Growth

02/01/2024

The India branch of leading energy solutions provider and manufacturer based in the UAE, Ducab Group, has entered a partnership with Emirates NBD, a prominent banking group in the Middle East, North Africa, and Türkiye (MENAT) Region.

ASEAN Briefing

Prospects for Electric Battery Production in Indonesia – Latest Issue of ASEAN Briefing Magazine

01/31/2024

In this ASEAN Briefing issue, we provide an overview of Indonesia’s EV battery industry, the various incentives offered by the government, and highlight the right business entity foreign investors should use when entering this industry.

India Briefing

Ahead of Interim Budget and in an Election Year, India’s Chief Economic Advisor Releases a State of the Economy Report

01/31/2024

The report is not an annual economy survey, but a state of the Indian economy report released in an election year. The timing makes it political statement and affirming the progress made by the incumbent Modi government.

China Briefing

China’s FDI Trends 2023: Sources, Destinations, and Key Sectors

01/31/2024

China, positioned as the world's second-largest recipient of foreign direct investment, is undergoing significant shifts. In this article, we analyze the emerging trends within China’s investment landscape.