The government in India is committed to fairness, simplicity and equity in the country’s tax system, according to Revenue Secretary Sanjay Malhotra. He said the government is making strides in simplifying tax laws, improving tax compliance and supporting economic growth through prudent fiscal policies. Finance Minister Nirmala Sitharaman also said a comprehensive review would be […]
Small and medium-sized enterprises (SMEs) both in Malaysia and overseas say they are optimistic about the country’s business landscape and prospects, according to the UOB Business Outlook Study 2024. The annual study revealed that Malaysia has emerged as the most important country for businesses located in the ASEAN bloc over the next three years. The […]
China’s focus on improving national data management systems will boost the high-quality development of the country’s digital economy. That’s the view of Shen Zhulin, deputy head of the National Data Administration, who said China “has made great strides in developing the digital economy and promoting the construction of digital infrastructure like computing power networks”. He […]
Salaries for expat employees working in the UAE are rising as employers look to attract and retain the best talent by comparing remuneration packages to international cost of living indexes. Mahesh Krishnamoorthy, managing director of Core Integra, a global HR company based in India which is currently expanding to the UAE, said: “Salary levels are […]
The Indian economy could grow by more than 7% and could even reach 7.5% in the fiscal year (2024-25), think tank the National Council of Applied Economic Research (NCAER) is predicting. In its July 2024 issue of Monthly Economic Review (MER), NCAER said real GDP grew by 8.2% in FY2023-24, driven by stabilising domestic consumption […]
A new initiative from Malaysia’s Investment, Trade and Industry Ministry (Miti) will ensure that the country’s women entrepreneurs are not left behind as Asean countries continue to grow their economies, the government has said. Departmental minister Tengku Zafrul Aziz said the new Women in Trade and Industry (Witi) programme will enhance the capacity and capabilities […]
India’s latest Budget, which took place on 23 July, focused on help for the agricultural sector, the introduction of employment-related schemes, financial support to the MSME sector and infrastructure development. Introducing the Union Budget 2024-25, Finance Minister Nirmala Sitharaman also announced a commitment to reducing the fiscal deficit to 4.5%, from 4.9%. The government cut […]
The Chinese government has outlined plans to strengthen the country’s economy by giving more resources to the private sector to help achieve technological breakthroughs. It was one of the measures announced to support the private sector following the most recent meeting of the government. “[It is necessary] to support capable private enterprises to take the […]
Employees in the Middle East are embracing transformation and buying into their organisation’s culture and long-term goals, according to the latest PwC Middle East Workforce Hopes & Fears Survey 2024. The survey found that 85% of more than 1,500 regional employees clearly understand their organisations’ goals, surpassing the global average of 77%. Additionally, there is […]
