News Across Asia

Singapore’s 2024 Economic Outlook

Optimism prevails for Singapore's economic outlook in 2024, particularly for growth projected in key sectors like electronics, F&B, and travel-related industries.

Survey Finds AI, Tech Popular in Financial Services in Vietnam

Finastra has released its Financial Services State of the Nation Survey 2023. This survey covers several key economies in Asia including Vietnam. In this article, we run through the key findings of the survey.

PLI Scheme for India’s Automotive Sector Amended and Extended by One Year

India's PLI Scheme for the automotive sector has been extended by a year as applicants require more time to meet the eligibility provisions. The first round of incentives will be disbursed in FY 2024-25 per the government in a recent announcement, and after much delay. Only Tata Motors, Ola Electric, and Mahindra & Mahindra have met key domestic value addition criteria.

Oman-India FTA Talks Expected to Conclude in January: Latest Updates

Oman and India have continued to keep pace with fast moving negotiations to their bilateral free trade deal. We discuss the key issues in brief.

General Office of Statistics Releases 2023 Labor Market Summary

The General Office of Statistics has released a summary of the development of Vietnam’s labor market in 2023. Here’s what it says.

PIPL 2023/24: Cross-Border Data Transfer in China Handbook - New Publication Out Now

This handbook helps explain the key facets of China’s CBDT regime from a business perspective, highlights recent trends and expected developments, and offers practical steps for businesses to consider when planning their compliance approach.

China Tax Filing and Payment Deadlines for 2024

Businesses operating in China are suggested to pay attention to the tax filing and payment deadlines for 2024 to avoid late payment penalties and tax credit downgrading.

Incentive Schemes for Companies in Hong Kong

Companies in Hong Kong can benefit from myriad incentive programs designed to support business growth, foster innovation, nurture talent, and more.

Draft Global Minimum Tax Support Fund Unveiled

Vietnam’s Ministry of Planning and Investment has released a draft decree outlining an Investment Support Fund to counter the impacts of the Global Minimum Tax. Here are the details.

India-Malaysia Economic Partnership: Challenges, Prospects, and Strategic Collaborations

This article explores India Malaysia trade ties, highlighting collaborations, challenges, and prospects for economic growth.

Shaping ASEAN-GCC Investment Dynamics in 2024

Singapore Increases Goods and Services Tax for 2024

Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of January 1, 2024.