Understanding China’s Deflation Crisis
China has long been a major economic force in the world. It draws companies from all over the globe who want to take advantage of its enormous consumer market and developing industries. Despite its apparent economic strength, China is currently dealing with a serious problem: deflation. Deflation is a persistent decrease in the general price […]
A Starting Guide to International Business Negotiations
Communication is one of the most important aspects of business negotiations and relationships. Even more so in the international arena, where each party has different cultures, values, laws, and ideologies. We define culture as the collective mental programming of the human mind distinguishing one group of people from another. This programming influences patterns of thinking […]
Papua New Guinea: Gold mines are restarting operations
In 2022, Papua New Guinea (PNG) was the world’s 18th-largest producer of gold and accounted for 1% of global production. Why is this important? Soon, more of its gold mines will be in production, and with them, direct and indirect jobs will be created. FDI (foreign direct investment) and tax revenues will be implemented by […]
FAQ: Sponsoring Japan working visas
Learn more about sponsoring visas for employees to work in Japan from some of these frequently asked questions. Table of contents Work visa and permits Are all employees required to present their employment contract to apply for a working visa? What is the maximum period of stay that the working visa provides? Can family members […]
FAQ: Hiring employees in Australia
Learn more about hiring employees in Australia from some of these frequently asked questions about background checks, the distinction between contractors and employees, etc. Stay informed and ensure you are complying with Australian employment laws. Background Information Can I perform background checks on applicants? What if I used a third-party service provider? To filter applicants, […]
Bangladesh: Income Tax Act 2023 replaces Income Tax Ordinance 1984
As of 1 July 2023, Bangladesh’s Income Tax Act (ITA) 2023 is in effect. The new act aims to create a more centralized and uniform legal framework that conforms to global taxation best practices and ensures compliance with international standards. According to the National Board of Revenue (NBR), it presents significant changes for individuals, companies, […]
Singapore: SAT helps check Employment Pass and S Pass qualifications
Singapore’s Ministry of Manpower (MOM) is launching an enhanced Self-Assessment Tool (SAT) to help employers and employment agents evaluate if the candidate qualifies for an Employment Pass (EP) or S Pass before application or renewal. This free tool uses salary, educational qualifications, and work experience to generate a result. An EP eService (formerly EP Online) account […]
Vietnam: Proposed changes to Decree 152 affect Work Permits
Summary
Singapore: Benefits and Complexities for Multinational Companies
Singapore is a bustling city-state with a thriving business landscape that attracts multinational companies from all over the world. With its advanced economy, favorable tax policies, and multilingual workforce, Singapore has become an ideal destination for businesses seeking to expand their operations in Asia. However, like any other country, Singapore has its unique set of […]
Employment Considerations in South-East Asia
As multinational companies continue to expand globally, the demand for Employer of Record (EOR) services has grown significantly, particularly in South-East Asia. EOR companies like EOS – Employment Outsourcing Solutions support these companies by providing a comprehensive solution to handle their HR and payroll needs in foreign countries. The Association of South-East Asian Nations […]
