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September, 1, 2016

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Business > Asia
Businesses hopeful as India overhauls complex tax law
When trader Vivek Mehra buys artwork from the remote corners of India, he braces himself for a world of pain as he navigates the country's notoriously complex tax system.
 
The Ministry of Finance (MOF) on Sunday forecast positive growth for July exports, which could mark the end of the longest-ever consecutive decline in the nation's exports, surpassing that of the global financial crisis in 2008.
 
Thailand feeling effects of political uncertainty ahead of a referendum
Thailand's stagnating economy is unlikely to get much of a boost from a referendum Sunday on a new constitution proposed by the military government, which took power in a 2014 coup.
 
India's upper house of parliament on Wednesday passed a landmark tax reform bill that will pave the way for the introduction of a new national sales tax, creating a common market across the country for the first time.
 
Raising transport standards?
In this Tuesday, Aug. 2 photo released by Xinhua News Agency, people watch the Transit Elevated Bus TEB-1 as it passes vehicles, during a test run in Qinhuangdao, Hebei province.
 
Asian markets down in global retreat
Most Asian markets tumbled for a second day Wednesday, extending a global retreat, with Tokyo taking a hit from a strong yen after Japan's economy-boosting stimulus program fell flat with investors.
 
The yen held its gains Wednesday after markets were left underwhelmed by Japan's bid to stimulate the sluggish economy, sparking demand for safer assets.
 
Passengers from China accounted for nearly 40 percent of the foreign visitors to Taiwan in the first half of the year, although the total number represented a double-digit drop of more than 10 percent in May and June.
 
Apple buys from 865 Japanese firms
Apple Inc. did around 3.6 trillion yen worth of business with 865 Japanese suppliers for parts and other items in 2015, according to figures released by Apple on Tuesday.
 
South Korea fines, halts sales of VW cars for forged tests
South Korea has fined Volkswagen 17.8 billion won ($16 million) and suspended sales of 80 VW models, alleging the German carmaker fabricated documents on emissions or noise level tests.
 
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