| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | Forest City is a section of the larger Forest City development project – a massive smart city initiative located in Johor, Malaysia, near the Singapore border. It seeks to attract multinational corporations, financial institutions, and high-tech companies by offering a conducive business environment, tax incentives, and proximity to key markets in Southeast Asia. | | | | | On September 30, 2024, China announced the new Network Data Security Management Regulations, effective next year. These regulations will significantly impact how businesses handle data, with stricter guidelines for personal information protection and cross-border transfers, ultimately providing individuals with greater control over their data rights. | | | | | Companies in India that report their corporate social responsibility expenditure must note that the filing window for the CSR-2 return form for FY 2023-24 has been shortened and must be done by December 31, 2024. | | | | | The GCC region presents a fertile ground for UK investors, with opportunities across diverse sectors, ranging from renewable energy and financial services to healthcare and digital technology. As the region transitions to more sustainable, knowledge-based economies, UK companies can contribute significantly to this transformation through FDI. | | | | | On September 24, 2024, the Vietnamese government issued the first draft of a new Law on Personal Data Protection (PDPL) for public feedback. The draft law has more stringent provisions than the Personal Data Protection Decree and is potentially set to take effect from January 1, 2026. | | | | | The proposed workplace fairness legislation (WFL) aims to ensure that employers do not discriminate against employees based on racial, religious, or other criteria. Currently, there is no law that covers workplace discrimination and employers have to refer to Singapore’s tripartite parties’ Guidelines for Fair Employment Practices when it comes to the fair treatment of employees. | | | | | The Indonesian government has relaxed the local content requirements (LCR) for the development of electricity infrastructure under Ministry of Energy and Mineral Resources regulation 11 of 2024 (MEMR 11/2024) in a move aimed at attracting concessional funding for renewable energy projects from international development banks. |
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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 | Tuesday, October 29, 2024 | 3:00 PM Jakarta / 4:00 PM China / 10:00 AM CET |
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