| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | The Gulf Cooperation Council (GCC) countries present a fertile ground for UK foreign direct investment, with opportunities across diverse sectors from renewables to healthcare to technology. These prospects will foster greater business collaboration, market penetration, and job creation, and are fueling the UK's drive to secure a free trade agreement with the GCC. | | | | | Oman, under the stewardship of Invest Oman, has unveiled a series of strategic investment opportunities worth over OMR 166 million (approx. US$430 million) in the manufacturing sector. This initiative aligns with the Sultanate’s broader economic diversification strategy, Oman Vision 2040, and aims to attract foreign direct investment (FDI) into high-growth sectors, such as renewable energy, technology, artificial intelligence, tourism, the circular economy, and food security. | | | | | Turkey’s revised economic outlook for 2025-2027 reflects a strategic shift amid high inflation and slowing growth. The adjustments highlight the impact of monetary tightening, which has slowed economic activity while trying to stabilize inflation. Sectors like manufacturing and consumer goods have faced significant pressure, with shrinking demand and profit margins. | | | | | An overview of UAE Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) compliance requirements, reporting best practices, area-wise supervisory authorities. | | | | | The UAE implemented VAT in 2018 with a standard rate of 5 percent, applied at each stage of the supply chain. Businesses must adhere to compliance regulations, and failure to do so can result in significant penalties |
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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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