News

In this issue of Asia Briefing Magazine, we break down the various types of development zones available in China, India and Vietnam specifically, as well as their key characteristics and leading advantages. We then go on to provide a snapshot of the latest development zones across the rest of Asia.

May 6 – After various rounds of heated discussions and a 20-day standoff, the Chinese battalion that set up camp near the line of actual control (LAC) 19 kilometers into the Daulat Beg Oldi (DBO) sector of Ladakh, India, has withdrawn and pulled out of India. Both sides withdrew and returned to their respective pre-incursion […]

May 6 – The world’s largest cruise ship operator, Carnival Corp, have just established operations in Singapore with the stated goal to promote Singapore as “the cruise hub for Asia, as Miami is for the Caribbean”. Carnival, who operate over 100 cruise ships around the world, will be based out of the Marina Bay Financial […]

Hopes are rising that the proposed India-European Union Free Trade Agreement (FTA) may finally be signed off next month after five years of talks. Another window for reaching consensus may not come around again for some time.

May. 3 – Macau, the world’s largest gaming destination, saw its casino gambling revenues rise by 13.2 percent in April year-on-year thanks to strong demand from wealthy Chinese customers. Macau’s gambling revenues totaled 28.3 billion Patacas (US$3.65 billion) this April, which was in line with the forecasts of various analysts. However, April’s revenues were just […]

Recently, a third round of talks at the Brigadier-level between the Indian Army and a Chinese battalion has failed, with the Chinese side objecting to “infrastructure developments on the Indian side.”

In a survey of 1,373 front-line leaders in both China and India, a report has found that compared to their Chinese counterparts, Indian managers are more self-confident.

To help shed some light on payroll processing in India, in this article we discuss allowances (including housing and leave travel assistance) and the benefits of outsourcing payroll.

Apr. 29 – In an effort to boost investment in Vietnamese businesses and to support struggling enterprises, Vietnamese lawmakers have approved the Government’s proposal to reduce the current general corporate income tax (CIT) rate from 25 percent to 23 percent. In addition, CIT rates were set at a rate of 20 percent for small and […]

Apr. 29 – Individual income tax (IIT) is the direct tax paid on personal income by an individual or a company to the central government. The Indian Income Tax department is governed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue under the Ministry of Finance. In this […]