| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | More provisions of the Competition (Amendment) Act, 2023 have taken effect as of September 2024, including deal value thresholds for high-value acquisitions and asset and turnover limits for combinations, marking a complete overhaul of India's anti-trust regime. | | | | | Companies can maximize the effectiveness of their corporate social responsibility (CSR) efforts by embedding social responsibility into their core business strategies, engaging stakeholders, maintaining transparency, and focusing on compliance. We discuss some of these best practices so businesses are able to meet their legal obligations as well as create positive social and environmental change, enhance their reputation, and build lasting value for their stakeholders. | | | | | India and Sweden see significant potential for collaboration in areas like green technologies, renewable energy, smart infrastructure, healthcare, and defense. The Joint Economic Commission (JEC) remains the primary institutional platform for government-to-government dialogue between the two nations. | | | | | Starting October 1, 2024, Australia will begin offering up to 1,000 work and holiday visas each year to Indian citizens under its ECTA commitments. Under the ECTA, Indian nationals between the age of 18-30 can apply for a one-year visa to work, study, and travel across Australia. | | | | | As of September 27, Tata Electronics has reached a definitive agreement with the Taiwanese foundry PSMC for the design and construction support to build India’s first AI-enabled greenfield semiconductor fabrication plant. Additionally, per news reports on October 2, Foxconn will invest up to US$50.51 million in its yet-to-be-named semiconductor joint venture (JV) with HCL for an OSAT plant in India. |
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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: | | | 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 | | | | | Hybrid | Friday, October 25, 2024 | 16:00-18:00 China time / 9:00-11:00 CET time |
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