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India Briefing
How Labor Market Intelligence Can Strengthen Your India Market Relocation Strategy
08/28/2024An effective labor market study will help company decision makers, such as C-suite executives, to make an informed choice that is best suited to their business undertaking.
China Briefing
A Guide to Minimum Wages in China (As of August 28, 2024)
08/28/2024Jilin and Yunnan's new minimum wage standards will take effect October 1, 2024, both of which surpass the RMB 2,000 (US$275) mark.
Middle East Briefing
How to Open a Bank Account in the UAE
08/28/2024We discuss the requirements to open a current bank account in the UAE, including specific eligibility criteria and documentation.
China Briefing
Tax Filing for Outbound Payments in China: A Complete Guide
08/28/2024When an individual or organization in China makes a single outbound payment to overseas entities that exceeds the equivalent of US$50,000, the payer must complete tax filing for outbound payments with the local branch of the STA, with limited exceptions.
Middle East Briefing
UAE’s Non-Oil Foreign Trade Soars to Record US$381 Billion in H1 2024
08/28/2024The UAE has achieved a historic milestone in its non-oil foreign trade, reaching a record AED 1.4 trillion (US$381.17 billion) in H1 2024.
Middle East Briefing
Saudi Arabia’s Trade Surplus Reaches US$26.13 Billion in Q2 2024, Setting a New High
08/28/2024Saudi Arabia's international trade in Q2 2024 totaled SAR 490.657 billion, with merchandise exports leading the way at SAR 294.51 billion.
China Briefing
China’s New Circular Eases Taxpayer Relocation
08/27/2024China’s State Taxation Administration will streamline taxpayer relocation from September 1, 2024, with proactive guidance, simplified procedures, and enhanced post-relocation services.
Vietnam Briefing
Vietnam President To Lam’s State Visit to China: Key Highlights for Businesses
08/27/2024Vietnam President To Lam's first state visit to China concluded with 14 cooperation agreements and a joint statement with President Xi Jinping. We discuss how the visit further opens trade and investment opportunities between the two nations.
India Briefing
India's National Financial Reporting Authority Fines BSR & Associates INR 100 Million for Audit Lapses
08/27/2024The NFRA has imposed an INR100 million fine on BSR & Associates, an audit firm, for alleged failures in auditing Coffee Day Enterprises Ltd.
Middle East Briefing
Egypt's Economy Shows Signs of Recovery Amid IMF Support and Reforms
08/27/2024We discuss recent developments in the Egypt economy per the latest IMF report, highlighting progress, challenges, and ongoing reform efforts.
ASEAN Briefing
Philippines Plans Stock Tax Reduction to Revive Capital Market
08/27/2024The Philippine government plans to drastically reduce the stock transaction tax from 0.6 percent to 0.1 percent, a move which aims to stimulate trading activity and attract more investors.
China Briefing
China Unveils Three-Year Business Environment Plan for Beijing-Tianjin-Hebei Region
08/26/2024China's new Three-Year Action Plan for the Beijing-Tianjin-Hebei region aims to standardize business regulations, boost regional integration, and drive innovation to attract investment and enhance global competitiveness.