Member Event | Important Notice on Tax Issues around Overseas Pensions & Provident Fund

One of the many unforeseen impacts of COVID-19 has been the massive financial impact, especially in the tourism and aviation industries around the world. Initially this was mainly in reduced hours and unpaid leave, however as time progresses and little solution is in sight, we are now seeing a raft of redundancies that will directly …

Member News | China’s “Two Sessions”

    AustCham China in partnership with North Head, will be providing daily updates on the 2020 annual sessions of the National People's Congress and CPPCC (Two Sessions). North Head is a leading independent strategic communications and public affairs consultancy company with international credentials and a rich experience serving clients within a wide range of sectors.  …

Applying for an Exclusion from Chinese Tariffs: FAQs

  Written by: Zoey Ye Zhang, Asia Briefing, Dezan Shira & Associates On May 13, 2019, China’s Customs Tariff Commission of the State Council released the Trail Measures on the Exclusion Work for US Products Subject to Additional Tariffs in Announcement [2019] No.2. On a trial basis, the document allows imported US products to be temporarily exempted from …

MEMBER NEWS | Significant changes to security of payment regime in Singapore

Written by Out-Law, Pinsent Masons Significant changes to the security of payment regime in Singapore are due to come into force in the near future. The changes contained in the Building and Construction Industry Security of Payment Amendment Bill 2018 are the most extensive changes to the Security of Payment Act (SOP Act) since it became …

MEMBER NEWS | The rise of unsolicited proposals for infrastructure projects in Asia

Written by Out-Law, Pinsent Masons There has been a significant increase in the number of unsolicited proposals (USPs) for greenfield and brownfield public-private partnership (PPP) infrastructure projects in Asia over the past two years. Unlike solicited proposals where a government entity launches a formal public tender, in the case of an unsolicited proposal, it is the …

MEMBER NEWS | Philippines and ADB sign loan for Malolos-Clark railway project

Written by Out-Law, Pinsent Masons The Asian Development Bank (ADB) and the Philippine government have signed an agreement which will see $1.3 billion provided to help finance the Malolos-Clark railway project. The ADB is co-financier of the project and has agreed to provide a total $2.75bn loan facility to support construction. According to the ADB statement, …

MEMBER NEWS | US private firms to take part in Philippines’ infrastructure programme

Written by Out-Law, Pinsent Masons US ambassador to the Philippines Sung Kim has said that US is supporting the Duterte administration’s ambitious ‘build, build, build’ infrastructure programme and American private companies will take part in major infrastructure projects under this programme, according to CNN. This project has also been financed through Chinese loans and grants. The …