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India May Extend IT Tax Benefits for One Year
The Indian government may extend tax exemptions to March 31, 2010 for the exports earnings of information technology units doing business in the Software Technology Parks of India.
Hong Kong, Mainland Businesses to Use Yuan for Trade Settlement
Starting next month, Hong Kong businesses will be able to settle international trade in yuan with companies in Guangzhou, Shenzhen, Shanghai, Dongguan and Zhuhai.
Vietnam Salaries Lowest In Region
According to a Japan External Trade Organization (JETRO) report, the amount spent by companies on wages, land rent and power in Vietnam last year was competitively lower compared to other countries in the region.
Indian Government Approves Ten New Special Economic Zones
The Indian government has approved 10 new Special Economic Zones (SEZ) while also allowing the extension of four projects, including Reliance Industries
Indian Gov
The newly-appointed government may look into liberalizing the entry of foreign direct investment in certain sectors like defense production and insurance as well as implement reforms on civil aviation policy.
Sarbanes-Oxley and U.S. Businesses in China
U.S. business operating in China must remain compliant with SOX, challenging them to design and maintain their internal control structure in an accounting and reporting environment that is early in its development and is rapidly changing.
CEPA VI Continues Economic Liberalization between Hong Kong and the Mainland
Officials from the Chinese mainland and Hong Kong signed the latest supplement to the Closer Economic Partnership Arrangement (CEPA) last May to further ease economic activities between the two.