WHO WE ARE
Asia Briefing publishes articles, magazines, and guides on doing business in Asia.
It has been produced by Dezan Shira and Associates since 1999.
Chinese New Year 2023 is the first since China lifted its longstanding COVID-19 restrictions, meaning that travel and consumption can finally return to somewhat normal levels. At the same time, the possible rebound in travel may increase transmission of COVID-19, which may dissuade some from leaving home. We look at the possible travel and consumption trends over the Chinese New Year period and discuss the impact they may have on the economy and businesses.
Singapore’s Manpower for Strategic Economic Priorities (M-SEP) scheme enables eligible companies to hire foreign S Pass and Work Permit holders above the permitted prevailing quotas. There are two conditions that companies must meet to qualify; participate in at least one key economic program provided by the government and commit to hiring or training Singaporeans. We explain the compliance issues.
In 2022, India’s merchandise trade surpassed the US$1 trillion mark, capping off a successful year. This feat comes at a time when the global economy is reeling under recessionary pressures due to monetary policy tightening in developed economies, high inflation, the Russia-Ukraine conflict, and global headwinds due to pandemic-led supply chain disruptions. In this article, we break down the latest trends and statistics surrounding this remarkable feat.
The India-US economic and strategic partnership has continued to consolidate in recent years, with the US emerging as India’s largest trade partner for merchandise goods in FY 2022. This collaboration is anticipated to grow even stronger as India assumes the G20 presidency in 2023, with a focus on advancing technology, innovation, resilient supply chains, and attaining inclusive and sustainable growth goals. In this article, we summarise significant decisions made during the 13th Ministerial Meeting of the India-US Trade Policy Forum (TPF). We also explore significant developments in commercial ties between the US and India.
Southeast Asia is home to several promising industries across its regional economy that will report quicker than the global average growth in 2023. Despite a concerning macroeconomic backdrop, various factors will continue to pull in investment and businesses to the region. Trends of capital inflow into key sectors, such as tech, manufacturing, and infrastructure development, will likely continue while China’s ‘reopening’ will provide a much-needed boost for tourism and travel from Q2 2023.
Vietnam’s emerging electric vehicle (EV) sector holds a lot of promise but also faces a number of challenges. These were discussed in depth at an e-mobility seminar in Ho Chi Minh City by a number of experts in the field. Here’s what they had to say.
The Chinese Vice-Premiers Speech At Davos 2023: A Comprehensive Investment Analysis
Who Are Apple’s Contract Manufacturers in India?
Azerbaijan – UAE 2023 Trade and Investment Development Prospects
Kazakhstan Eyes UAE As Agricultural Export Market
The Russian President, Vladimir Putin signed a decree on Tuesday (January 17), allowing Russian based companies in key strategic sectors to disregard the votes of shareholders from ‘unfriendly’ countries when making corporate decisions. The document, published online on Russia’s legal information portal, will apply to companies in the energy, mechanical engineering and trade sectors with annual revenue of more than 100 billion rubles (US$1.46 billion). It will remain in force until the end of 2023.
Economic relations between the two countries are at a high level. The trade turnover between the two countries constantly shows significant growth. In 2021, the trade turnover between Azerbaijan and the UAE amounted to US$50.42 million. There has been close to 100% growth. Azerbaijan’s trade turnover with the UAE from January through November 2022 amounted to US$94.62 million. While the growth rate is impressive, the still relatively small volumes show there is much additional capacity to develop bilateral trade ties.
There’s activity worldwide along the Belt & Road Initiative as China takes admin steps to make import-export easier and cements its connections in Central Asia. Turkiye has announced record Central Asian trade, while Kyrgyzstan’s trade with the Eurasian Economic Union grew by 32% in 2022. We have a complimentary ‘Doing Business In Vietnam’ 2023 Guide for you, while we also examine the potential for China-India bilateral trade. Over ¾ of foreign businesses did not exit Russia in 2022; we discuss why, and what the future holds for the Russian consumer market, while a new Latin American / Caribbean trade bloc has been proposed.
A bloc aligned with China and Russia – both of whom are active in the LatAm and Caribbean region, is perceived by Venezuela at least as being beneficial. Both have relatively stable economies – despite sanctions – and have been prepared to trade in non-US dollar currencies; even agreeing to currency swaps to help pressurized currencies ride out the current economic winds. China’s provision of a US$7.2 billion currency swap with Argentina earlier this month is an example.
Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia. Singapore’s M-SEP scheme enables companies to hire foreign S Pass and Work Permit holders above the permitted prevailing quotas.
Singapore and South Korea Sign Digital Trade Agreement
A Guide to Taxation in Malaysia
Singapore's Incentives and Schemes to Attract Industry 4.0 Investments, Bolster Innovation Capacity
Industries to Watch Out for Growth in Southeast Asia in 2023
UK-Malaysia 2023 Trade and Investment Trends Showcase a Lack of Interest into ASEAN
A Guide to Taxation in Thailand
Chinese New Year 2023 will be the first time in three years many people can travel, but will the lifting of COVID restrictions really bring a rebound in travel and consumption?
How Will the Downgrade of COVID-19 to a Class B Infection Affect Companies’ Employee Management?
Key Considerations for Foreign Equity Investment in China
5 Key Industries to Watch in China in 2023
China’s GDP Grew by 3 percent in 2022, Population Declined 0.85 Million
Belt And Road Weekly Investor Intelligence #116
China Coronavirus Updates: Latest Developments and Business Advisory
There are currently three contract manufacturers producing Apple products in India. We discuss where they are based and scope for investment.
What Makes Tamil Nadu a Top Foreign Investment Destination in India?
India’s Incentive Schemes for the Electronics and IT Sectors
Regulatory Framework Governing Mergers and Acquisitions in India
India's Merchandise Trade Crosses the US$1 Trillion Mark in 2022
Latest Guidelines on International Travel Applicable to Indian Travelers
India-US Collaborate to Bolster Supply Chains, Enhance Trade Ties
An e-mobility seminar in HCMC saw experts discuss the current state of Vietnam’s EV market. Here's what they said.
4 Key Sectors to Watch in Vietnam in 2023
Top 7 FDI Destinations in Vietnam in 2022 and Why
Vietnam FDI for 2022 Tops US$27 billion: MoIP
An Introduction To Doing Business In Vietnam 2023 - the
Explained: Vietnam’s FiT Rates for Solar and Wind Power Projects
Explained: Vietnam’s FiT Rates for Solar and Wind Power Projects
Russia Simplifies 2023 Residence Permit Applications For Foreign Investors
Russian Immigration To Maintain Covid Checks For Chinese Nationals Crossing Russian Borders
Venezuela Proposes New Regional LatAm / Caribbean Economic Bloc Tied To China And Russia
Foreigners Can Obtain 10-year Kyrgyz Investment Visas For US$230,000
Kazakhstan Eyes UAE As Agricultural Export Market
UAE, South Korea Sign 23 Bilateral Trade Agreements
Emirates Airlines Increases Frequency Of China Routes
Turkiye’s 2022 Central Asian Trade Reaches Over US$12 Billion
Arabic Stock Exchanges Reach Record Highs
Dubai’s DMCC Free Trade Zone Attracts Over 3,000 New Investors in 2022