| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | China’s pioneering start-up DeepSeek has made significant strides in the global AI race with its resource-efficient, open-source models. Despite US export restrictions on critical hardware, DeepSeek has developed competitive AI systems like the DeepSeek R1, which rival industry leaders such as OpenAI, while offering an alternate approach to AI innovation. | | | | | The Halal industry is evolving from its traditional focus on F&B products to encompass a wide array of sectors, such as fashion, pharmaceuticals, cosmetics, and tourism. This latest issue of ASEAN Briefing Magazine explains how Indonesia, Malaysia, and Thailand are uniquely positioned to cater to the rising global demand for Halal-certified goods and services. | | | | | On 1 January 2025, Singapore’s Platform Workers Bill officially came into force, marking a significant milestone in the evolution of labor protections for gig workers. Key features include mandatory CPF contributions, workplace injury compensation, representation and bargaining rights, and fair treatment. | | | | | Starting July 1, 2025, Vietnam will streamline tax data for the national population database by using citizen identification numbers as personal tax codes. The new measure, accompanied by other revisions under the newly introduced Circular 86/2024/TT-BTC, is expected to implement significant changes to Vietnam’s personal income tax (PIT) regime. | | | | | India and China have agreed in principle to resume direct flights, visa issuance, and the Kailash Mansarovar Yatra for pilgrims. The announcement followed a two-day visit to Beijing by India’s Foreign Secretary Vikram Misri, signaling renewed diplomatic engagement between Asia’s two largest economies. | | | | | With a market size of around US$58 billion, the pharmaceutical industry in India is poised for growth as new product frontiers emerge alongside biotechnology applications and the commercialization of healthcare. Domestic opportunities remain in underserved Tier 2/3 cities while shifting disease patterns and emphasis on well-being offer fresh impetus. |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | This guide aims to walk foreign businesses through the annual audit and compliance process from start to finish, in addition to introducing China’s accounting framework in a comparative context. | | | | | This 2025 edition of An Introduction to Doing Business in Vietnam offers essential insights for companies aiming to establish or expand their business presence in this rapidly evolving market. The guide provides an updated overview of market entry requirements, intellectual property considerations, taxation policies, and HR & payroll regulations. | | | | | Compiled by the experts at Dezan Shira & Associates, the "Doing Business in India 2025" guide introduces the fundamentals of investing in India, covering key topics such as India’s investment climate, corporate establishment, tax, transfer pricing, audit, and accounting, human resources and payroll, trade policy, and data protection measures. |
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UPCOMING EVENTS FOR ASIA: | | | Webinar | Wednesday, February 12, 2025 | 2:30 PM India / 4:00 PM Vietnam / 5:00 PM China | | | | | Webinar | Thursday, February 13, 2024 | 3:00 PM JKT / 4:00 PM China / 9:00 AM CET | | | | | Seminar | Tuesday, February 18, 2025 | 9:00 AM - 5:00 PM Singapore time |
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