JAKARTA, Sept 16 - Indonesia's parliament passed on Wednesday a revised law on value added tax (VAT) and sales tax on luxury goods, which could boost corporate mergers and spur the country's fledgling Islamic markets....
JAKARTA, Sept 16 - Indonesia's parliament passed on Wednesday a revised law on value added tax (VAT) and sales tax on luxury goods. The law, which will come into effect in April next year, will...
Regal Hotel International Holdings Ltd<0078>, one of the largest hotel operators in Hong Kong, recently entered into a hotel management agreement with Bosideng Holdings Ltd<3998> to manage a five-star luxury property in Dezhou, Shandong Province for the latter as part of its plan to expand in mainland China....
Chinese luxury goods buyers buck global recession and spend with abandon
Mercedes-Benz's first hybrid luxury sedan , the S400 Hybrid will come to China later this year. The car consists of a 6-cylinder 3.5-liter gasoline engine and an electromotor. The integrated fuel consumption is 7.9 liters per 100 kilometers, producing 190 grams per kilometer of carbon dioxide emi...
Geely Automobile Holidngs<0175>, a major auto maker in China, on Tuesday at its plant in Ningbo, Zhejiang Province unveiled its first mid-to-high segment model, the EC7, thus launching its luxury Emgrand brand, sources reported.The Emgrand EC7 will be mass-produced at Geely's Ningbo plant and...
Mercedes-Benz's China unit on Tuesday officially launched a new generation of the Mercedes-Benz E-Class luxury sedan in Shanghai as part of its plan to gain market share in the country's medium-sized premium sedan segment, the China Daily reported. The launch of the all-new E-Class is the most import...
Luxury auto brands sold well in China in the first half of this year, with Mercedes Benz, BMW and Audi all achieving double-digit sales growth even though the world's major auto markets are still in recession, sources reported.According to statistics released by the China Association of Automobile Manufacturers,...
By Zhang Nan According to the Chinese Luxury Goods Consumption Report 2009, Hong Kong remains at the top of luxury goods consumption in the Greater China Region and the consumption of luxury goods in Hong Kong due to the robust demand from the mainland, the China News Service reported. The Ming P...
By Tu Lei Consumer confidence and purchasing ability in China鈥檚 second-tier cities is close to that of the country鈥檚 first-tier cities when it comes to luxury items, according to an industry report released Friday. The joint report by Ruder Finn Asia, one of the world鈥檚 leading public rela...