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Asia Briefing publishes articles, magazines, and guides on doing business in Asia.
It has been produced by Dezan Shira and Associates since 1999.
Thailand’s cabinet has approved its latest stimulus package, valued at US$4.5 billion, aimed at supporting the economy These latest measures will be implemented from July to December 2021, and include cash handouts to welfare card holders, cash rebates, and co-payments for consumer purchases.
The new labeling requirements follow a comprehensive series of new regulations governing the cosmetics industry in China, which took effect on January 1, 2021. The Measures act in accordance with this broader regulatory framework and will come into force on May 1, 2022. Cosmetics provided to consumers in the form of free trial, gift, and via coupons or vouchers that can be redeemed are also subject to the new standards.
Over the past decade, much of Russia’s economic cooperation in the region has flown under the radar or been dismissed as trivial. Yet infrastructure developments and free trade agreements are having a slow, yet positive impact on Russian investments in Asia. In this article, we explore the new trends and rivers of Russian overseas direct investments (ODI) into Southeast Asia and ASEAN.
In India, services mediated by information technology over the internet, or an electronic network are taxed under the GST regime. These services are officially called Online Information Database Access and Retrieval (OIDAR) services. We provide a reference of OIDAR services and clarify services which may be provided through internet-based networks, but do not come under the OIDAR category. We also discuss the registration process and GST compliance requirements for OIDAR service providers.
Foreign investors can now establish entertainment venues in China without special ownership restrictions, following the release of new regulations. The amendment offers significant new long-term opportunities for entertainment venue operators, who have been among the hardest hit in China and abroad by COVID-19-related disruptions.
The electric vehicle industry in India is picking pace with 100% FDI possible, new manufacturing hubs, and increased push to improving charging infrastructure. Federal subsidies and policy favoring deeper discounts for Indian-made electric two-wheelers as well as a boost for localized ACC battery storage production are other growth drivers for the Indian EV industry.
Badly-behaved journalists, the meeting in the China context, Diplomatic communications, Strategic weapons, Cyber-security, Foreign policy, Russia's global expansion, Space cooperation, Sanctions, and Biden telling journalists to be negative. All that and our reading on the geopolitical implications based on what we know elsewhere.
Iran plans to sign an expanded EAEU FTA by October, with trade between Iran, India, Russia, and the Caspian Nations all set to increase as free trade agreements and infrastructure connectivity combine. The Caspian Sea Ports of Anzali, Baku, Aqtau, Turkmenbashi, Russia’s new Lagan Port and Iran's Arabian Sea Chabahar Port are all significant trade and operational hubs in this fast-developing region.
New Eurasian trade & security cooperation is being developed in moves that impact all of Asia and usher in the Great Eurasian Partnership. Russia’s Special Presidential Envoy for Shanghai Cooperation Organization (SCO) Affairs has stated that the SCO is working on a memorandum of understanding with the Eurasian Economic Union (EAEU), and trade agreements with other multilateral organizations.
The EAEU as an alternative to Europe is fast becoming a trade reality, with Russian Foreign Minister Sergey Lavrov saying that 'tens' of countries in Africa, Latin America and Asia are interested in negotiating Free Trade Agreements with the Eurasian Economic Union (EAEU). We look at the whole development picture.
Thailand’s cabinet has approved its latest stimulus package, valued at US$4.5 billion, aimed at supporting the economy amid a resurgence in COVID-19 cases.
China has successfully sent its first group of three astronauts to the country’s under-construction space station; more missions are to follow this year.
Foreign investors keen on India's food processing industry should note the new last date to apply for the production-linked incentive scheme is June 24, 2021.
Similar to last year, Vietnam has issued incentives for businesses affected by COVID-19. These include tax breaks and land fee payment deferrals.