Port of Newcastle welcomed delegates from Qinhuangdao Port in China to the region this week, marking 30 years of friendly exchange between the sister ports. Qinhuangdao Port is an international multifunctional trade and logistic port primarily engaged in energy output and the world’s largest independent port operator for major dry bulk cargo, including coal, metal …
Written by: Frank Ka-Ho Wong, Asia Briefing, Dezan Shira & Associates China’s crackdown on daigou is part of its moves to strengthen e-commerce regulation and better control the rapidly expanding sector. Cross-border e-commerce in China has grown steadily in recent years, on the back of strong consumer demand for premium brands and high-quality overseas products. A significant …
Alipay is now available in Commonwealth Bank of Australia’s (CBA) 94,000 touchscreen services across Australia, as Business Insider Australia reports. The payment, which is performed through an innovative apps ecosystem Albert App Bank, comes as a result of the agreement in 2016 between CBA and Ant Financial Service Group, a financial technology company affiliated with e-commerce …
By Woodside Woodside Energy Trading Singapore Pte Ltd (Woodside) has signed an agreement with RWE Supply & Trading GmbH (RWE) for the mid-term supply of LNG commencing in the fourth quarter of 2020 and in effect until December 2022. Woodside EVP Marketing Trading & Shipping Reinhardt Matisons said the LNG would be supplied on an …
By: Thibaut Minot, China Briefing, Dezan Shira & Associates Foreign companies entering a high-risk market like China must pay attention to their compliance programs at the local level. Passive supervision from the top simply won’t suffice. As a starting point, the below internal control measures should be carefully considered and strengthened where appropriate. Embed internal …
By Cheung Kong Graduate School of Business (CKGSB) On November 28 in Beijing, more than 500 attendees and 520,000 live-stream viewers tuned in as 16 inspiring leaders – including the British Ambassador to China, Barbara Woodward, Australian Ambassador to China, Jan Adams, Chairwoman of China International Capital Corporation, Shirley Chen, and Vice President and CMO of …
The minimum wage in China has historically been low comparatively to global standards, largely owing to its prevalent manufacturing sector, and significantly aiding processes of domestic economic growth over the past several decades. However, the recent report composed by Dezan Shira & Associates illustrates that such a trend is becoming less of a reality, with …
By: CPA Australia On 6th November 2018, CPA Australia signed a Memorandum of Cooperation (MoC) with the Chinese Institute of Certified Public Accountants (CICPA) at the 20th World Congress of Accountants (WCOA) in Sydney. The MoC is designed to facilitate closer collaboration between the two bodies, enhance the international standard of accounting professionals and broaden …
By: Dorcas Wong, China Briefing, Dezan Shira & Associates On August 31, 2018, the second draft of the Individual Income Tax Law was passed. The new law makes changes to many elements of the calculation and enforcement of individual income tax (IIT) in China — focusing on expanding deductibles, adjusting tax brackets, and changing residency rules. …
Come and spend an entire day at one Servcorp’s coworking spaces for free! Servcorp is a global network of exceptional office facilities. They have thrived in the industry because they have never compromised their 5 star standards. Simply put, they have selected the best buildings with the best aspects, located in the most dynamic …