The Indian government approved 100% Foreign Direct Investment (FDI) in single-brand retail businesses, as compared to the previous regulation that restricted it to 51%. As reported by Kyodo News, the new policy, effective from January 12 this year, will allow foreign investors to run single-brand businesses selling products such as sporting goods and clothing, although at least 30% of the brand-name products by value is required to be sourced from small domestic industries. The deregulation was implemented in order to attract foreign investment, improving the availability of brand-name products in the nation as well as enhancing the country's competitiveness through access to global designs, technology and management practices. |
Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more