Private sector enterprises in the UAE with 50 or more employees must act to meet their six-monthly Emiratisation quotas for 2024, the Ministry of Human Resources and Emiratisation (MoHRE) has said. It reminded businesses that the number of Emiratis engaged in skilled roles within these entities has been increased by 1% for this period. The […]
India has the fastest-growing nation among the G20 countries and is set to overtake Japan and Germany to become the world’s third-largest economy, according to former Reserve Bank of India (RBI) governor Raghuram Rajan. Speaking in an interview on CNN, Rajan highlighted India’s unemployment problems, with the Centre for Monitoring Indian Economy (CMIE) reporting an […]
British firms operating in China see the country’s excess manufacturing capacity as an opportunity to develop partnerships as the Asian country looks to venture overseas, according to a leading business organisation. “There might be an opportunity for the UK to carve out a path that is a little different to other countries and regions in […]
Chartered accountants from UK and Canada could be allowed to work in India, the President of the Institute of Chartered Accountants of India (ICAI) has announced. It will be the first time that an overseas chartered accountant will be allowed to practice in India. The proposal is part of India’s ongoing negotiations for Free Trade […]
The Chinese government has published an action plan to drive the integration of digital technologies in business practices nationwide by 2026. Long-term, Beijing is aiming to spearhead the digital transformation of its commercial sectors and drive the nation’s opening-up. The plan, published by the Ministry of Commerce, sets out how all commercial sectors can implement […]
For many Malaysian businesses, the imminent switch to mandatory e-invoicing presents both opportunities and challenges, particularly with the approaching deadline of 1 August 2024. That’s the view of David Lai, BDO’s head of tax advisory and executive director for tax in Malaysia, who added that overall preparedness among Malaysian businesses appears to be low. Malaysian […]
The tax authorities in the United Arab Emirates (UAE) carried out 81% more tax inspections in 2023 compared with the previous year, according to the latest figures from the Federal Tax Authority (FTA) The FTA conducted more than 39,000 visits across the country last year, which is said demonstrates “the UAE’s commitment to combating tax […]
China’s trade with other BRICS members hit 1.49 trillion yuan ($209.7 billion) in the first quarter of this year, up 11.3% year-on-year, according to the country’s General Administration of Customs (GAC). This accounted for 14.7% of the nation’s total foreign trade value for the same period, the customs authorities said. BRICS is the acronym for […]
Some 86% of Indian organisations see a moderate to strong relationship between sustainability and their organisation’s profitability – and are increasing their investments accordingly. That’s one of the findings from a new ‘sustainability study’ commissioned by software giant SAP, which it launched at its flagship SAP Now customer conference. Speaking at the event, Paul Marriott, […]
