October 31 2023
News
October 30 2023
China to further ease foreign ownership restrictions
China will mull the feasibility of further removing or relaxing foreign ownership restrictions to draw more global investors. While continuing to shorten its negative list for foreign investment, the...October 30 2023
Switzerland, wage agreements concluded for 2023 in the agreed sectors – Actual and minimum wages increased on average by 2.5% and 1.9% respectively in 2023
The social partners signing Switzerland's main collective labour agreements (GLAs) agreed on an average nominal increase of 2.5% for actual wages and 1.9% for minimum wages for 2023. Actual...October 25 2023
Switzerland, consultation on the partial revision of the VAT Ordinance launched
At its meeting on 25 October 2023, the Federal Council initiated the consultation procedure on the partial revision of the VAT Ordinance (VVV). The revision includes, in particular, the...October 25 2023
Switzerland, tougher measures against abusive failures from 1 January 2025
Debtors must not be able to escape their financial obligations by abusing bankruptcy proceedings. At its meeting on 25 October 2023, the Federal Council put the necessary amendments to...October 19 2023
Shanghai’s artwork and antiques market sees robust growth
The market for artwork and antiques in Shanghai has achieved robust growth, with its volume surpassing the 10 billion yuan (1.39 billion U.S. dollars) mark, local authorities said Monday....October 18 2023
Bulgaria: Positive economic forecast for 2024
The economists at UniCredit Bulbank have predicted an increase in economic growth in 2024 in their latest analysis from September 2023. This increase is the result of the expected...October 17 2023
Singapore: upcoming GST Rate Change
As announced in Minister of Finance’s Budget 2022, the GST rate will increase from 8% to 9% on 1 January 2024. The rate change affects any GST-registered business that...October 15 2023
Dubai maintains top global ranking for attracting Greenfield FDI projects in H1 2023
Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate attracting 511 Greenfield projects in H1 2023, as per Financial Times ‘fDi...October 12 2023