It sometimes proves difficult to predict how well an industry sector will do during the year due to the many uncertainties. The Philippines Business Inquirer has in fact reviewed the market trends for 2019 and has come up with 4 sectors that are most likely to have a profitable run this year.
On 31 August 2018, the Standing Committee of the National People’s Congress issued the New Individual Income Tax law which has just come into effect with full implementation from the 1st of January 2019. Some changes were effective from the 1st of October like the new IIT brackets rate and the new quick deduction of 5,000 RMB to be deducted to calculate the taxable salary but just at the end of the year the National Tax Bureau disclosed all the details of the new law, such as the new “five-year rule”.
This article will provide you an insight on the new landscape of the New Chinese Individual Income Tax law (IIT).
Following the recent rejection of Theresa May’s Brexit ‘Withdrawal Agreement‘ twice in the last month, the country has taken measures to once again amend the plan and reconvene towards the end of February for a further opportunity to vote. But what happens in the event of the deal failing?
The country seems to be preparing in case no agreement is settled before 29 March 2019. They are looking at four possible outcomes in the event of the country not being able to come to a meaningful vote.
Singapore's Prime Minister, Lee Hsien Loong was very optimistic in his New Year’s message, about the future of the country’s economy, as numbers show that it rose by 3.3%. You would think this isn’t a significant rise but as per forecasts this this growth surpassed expectations.
He said the economy is expected to grow by between 1.5 per cent and 3.5 per cent this year, but warned that the global economy faces major uncertainties with growing trade conflicts, nervous financial markets and signs of slowing growth.
The United Arab Emirates is expected to achieve a growth of 3.1% in its GDP. Economists have predicted an accelerated development for 2019, as non-oil revenue expands. This is a result of government measures introduced in 2018.
The UAE’s economy, the Arab world's second largest, grew 0.8% in 2017, this growth was attributed mainly to oil output and price declines. Overall growth is projected at 2.3% for 2018 and 2.9% in 2019.
EmTech has definitely gained the name of the world’s most influential conference on emerging technologies. It also attracts individual from the global communities that run in the United States, Europe, South America, India, Hong Kong, China and Singapore.
The Philippines is moving up and will become the 18th biggest economy in the world by 2037, partly to be boosted by a continuously growing labor force population, according to London-based Capital Economics.
According to a recent survey of business leaders within 21 Asia Pacific Economic Cooperation APEC economies, it was found that Vietnam was in top position for foreign investments for the second consecutive year. This is a big win for the tiny country in the Far Eastern region.
The American Dream… Alive in China?
This is quite an attractive headline for most of us, isn’t it? What is it that made journalists pass such a statement.
What is the American Dream? The American Dream is defined as a promise of a better life for those who work hard. Is China offering the same lifestyle? Let us shed some light on the matter.
Hot off the heels of our own seminar Next Stop Far East, held in Dubai last week, we at Kelmer have been inspired to focus more on the business opportunities in the Far Eastern Market. We thought it would be good to start with one of the largest exhibitions taking place in Singapore from 12-16 November, Singapore FinTech Festival (SFF) held at the Singapore Expo.
Kelmer Group brings you Next Stop Far East, along with the support of the Italian Chamber of Commerce Singapore – ICCS, Italian Chamber of Commerce Vietnam - ICHAM, Italian Chamber of Commerce Philippines – ICCPI and Italian Chamber of Commerce UAE – ICCUAE.