The Chinese government is to update laws governing the collection and use of statistics by accountants, economists and other agencies in a bid to improve data authenticity and accuracy and tackle fraud. The revision will mean those who manipulate statistics for gain – such as falsifying data and financial reports – will face heavier penalties […]
Malaysia is looking to increase investment in research and development (R&D) as it looks to emulate those developed nations that have utilised R&D to bolster their economies. The country’s Science, Technology, and Innovation Minister, Chang Lih Kang, highlighted Malaysia’s need to catch up with other Asian countries including South Korea, Japan and Singapore when it […]
Women who work in organisations with progressive gender equality policies are three times more loyal, productive and motivated than those working for organisations that do not, according to a new survey. Deloitte’s ‘Women@Work’ survey also found that the transition to full-time work has resulted in difficult adjustments for many women professionals, with around 41% of […]
Small and medium-sized businesses in the UAE face fines if they fail to meet Emiratisation targets this year and in 2025. The Emirates’ Ministry of Human Resources and Emiratisation (MoHRE) explained that companies employing 20 to 49 workers in key sectors are required to appoint at least one Emirati in 2024 and another in 2025. […]
Companies in India that are late paying small firms’ bills will be liable to fresh sanctions under changes to the Income Tax Act that have now come into force. In last year’s Budget the government proposed an amendment clause to the Act (Section 43B) to address the challenge of delayed payments faced by MSMEs across […]
The Chinese government is set to fund key projects in an attempt to bolster the economy and tackle the challenges faced by the private enterprises, according to the country’s top economic regulator. Liu Sushe, deputy head of the National Development and Reform Commission (NDRC), said the country will accelerate the issuance of local government special […]
Malaysia’s digital banks are set to enhance the nation’s financial inclusiveness, particularly for underserved and unserved segments of the population. That’s the view of Ganesh Kumar Bangah, director of Payments Network Malaysia (PayNet), said that by leveraging advanced technology, digital banks can redefine the traditional banking landscape, offering more accessible, convenient and affordable financial services […]
A leading industry group representing 10 million Indian SMEs has warned the government that implementing the Digital Competition Bill (DCB) will hamper their ability to access and compete in emerging markets. India SME Forum (ISF), the country’s largest non-governmental, not-for-profit organisation for small and medium businesses, recently wrote to the Ministry of Corporate Affairs saying […]
China’s economy grew more strongly than expected in the first quarter of 2024, leading to calls from economists for more policy stimulus to consolidate the recovery. China’s GDP grew 5.3% year-on-year in the first quarter of this year, data from the National Bureau of Statistics (NBS) showed. Officials and analysts said that policymakers are expected […]
