The Indonesian Ministry of Finance issued Regulation No. 172 of 2023 on transfer pricing, focusing on compliance and substance. Singapore’s Budget 2024 addresses economic challenges and implements global tax reforms. Unified Transfer Pricing Guidelines in Indonesia Indonesia’s Ministry of Finance released Regulation No. 172 of 2023 on transfer pricing, consolidating various guidelines. The Directorate General […]
China’s top diplomat met with outgoing and incoming Indonesian presidents in Jakarta to strengthen ties and cooperation, focusing on defense, economic, and cultural sectors, as well as supporting a ceasefire in Gaza. China’s Top Diplomat Meets Indonesian Leaders in Jakarta China’s Foreign Minister Wang Yi held a meeting with outgoing Indonesian President Joko Widodo and […]
Uyghurs and protesters in Washington, Istanbul, and Munich remembered the 1990 Baren Uprising triggered by China’s forced abortions and sterilization. The Chinese government violently cracked down on demonstrations. Similar rallies were held worldwide to bring attention to what has been labeled as genocide against Uyghurs. Uyghurs Commemorate Baren Uprising Uyghurs and sympathetic protesters gathered in […]
Rescue workers in Taiwan are searching for missing and trapped people after a 7.4 magnitude earthquake hit, killing nine and injuring over 1,000. Recovery efforts are ongoing, with international assistance declined. Rescue Efforts Underway After Devastating Earthquake in Taiwan Rescue workers in Taiwan are racing against time to locate and save people still missing or […]
China and Germany saw a decline in direct investment in 2023, attributed to global economic uncertainty and policy changes. However, key industries like automotive remain attractive for investors. FDI outflows from Germany to China decreased by 30%, but actual use of foreign capital from Germany to China increased by 21% according to MOFCOM. The Deutsche […]
China and Germany saw a decline in direct investment in 2023 due to global economic uncertainty and policy changes. However, China remains an attractive destination for German FDI, especially in industries like automotive and advanced manufacturing. Despite a 30% decrease in FDI outflows from Germany to China, the actual use of foreign capital from Germany […]
China has directed 12 banks to provide financing to Vanke Group, a troubled state-owned real estate firm, as the government changes course from letting indebted developers fail. Government Intervention for Vanke Group China has enlisted 12 banks to provide financial support to state-owned real estate firm, Vanke Group, in a departure from its recent strategy […]
Thailand’s economy struggles to recover post-pandemic, with slow GDP growth. Government implements short-term cash payments and debt relief, along with long-term policies like free trade agreements and industrial changes. Thailand’s Economic Slowdown Thailand’s economy is struggling to recover from the impact of the COVID-19 pandemic, with slow growth in GDP and GDP per capita. Unlike […]
