| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | As labor costs rise and become a pressing issue, optimizing labor costs while maintaining a sustainable workforce structure has been increasingly important for effective company management. This article explores various strategies for optimizing labor costs. | | | | | India has extended its import management system for laptops and other IT hardware products until December 31, 2024, with new import approvals required starting January 1, 2025, based on revised guidelines. | | | | | In 2024, Vietnam’s General Department of Customs (GDC) released multiple official letters guiding customs procedures during special events, including tax-free imported goods repurposing, system failures, and maintaining tax incentives after project ownership changes. | | | | | Effective from September 2, 2024, Indonesia’s new law on Franchising (“GR 35/2024”) introduces significant updates to the regulatory framework for franchises in Indonesia. | | | | | The UAE implemented VAT in 2018 with a standard rate of 5 percent, applied at each stage of the supply chain. Businesses must adhere to compliance regulations, and failure to do so can result in significant penalties. |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds. | | | | | This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country. | | | | | India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms. |
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UPCOMING EVENTS FOR ASIA: | | | Meeting, Hyatt Regency, Bangkok Sukhumvit | Thursday, October 17, 2024 | 09.00 AM – 17.00 PM | | | | | Webinar | Tuesday, October 15, 2024 | 4:00 PM China / 3:00 PM Vietnam / 10:00 AM CEST / 9:00 AM UK | | | | | Webinar | Thursday, October 17, 2024 | 9:00 AM Los Angeles / 12:00 PM New York / 6:00 PM Brussels | | |
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