Saturday , January 18 2025

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India seizes $725 million of Xiaomi assets over illegal remittances

India seizes $725 million of Xiaomi assets over illegal remittances

India said it had seized $725 million from the local bank accounts of China’s Xiaomi Corp after it made illegal remittances to foreign entities by passing them off as payments. The Enforcement Directorate had been investigating the Chinese company’s business practices over suspected violations of Indian foreign exchange laws. The …

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Expats’ salaries topped $34,000 a month in Q1

Expats’ salaries topped $34,000 a month in Q1

The monthly incomes of foreign experts ranged between US$8,500 and $34,000 last quarter, according to a recent report by recruitment firm Navigos Search. The report said enterprises operating in Vietnam “pay very high salaries” to attract foreign candidates. Navigos Search said some sectors like garment, tourism and hospitality have high …

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