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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.
Senior officials have signalled the gradual easing of the China tech crackdown through a series of policy documents promoting the sector’s development. This move will alleviate investor concerns and potentially help the country battle current economic headwinds. In this article, we discuss the potential easing of regulatory measures on the technology sector and how events are expected to unfold in 2022 and beyond.
Vietnam’s Ministry of Industry and Trade issued Circular 7 on guiding the implementation of trade remedies in the Regional Comprehensive Partnership Agreement (RCEP). Vietnam Briefing details what are trade remedies and how Circular 7 will tackle trade remedy measures for businesses using the RCEP.
Over the past two years, China has issued a range of tax policies to help ease the tax burden of businesses hit by the COVID-19 pandemic. As Shanghai continues to battle the worst outbreak of COVID-19 the country has seen since early 2020, the city has begun rolling out additional measures to help struggling businesses. Here we summarize the applicable national and Shanghai tax incentives, rebates, exemptions, and extensions that businesses can access during the current COVID-19 outbreak.
Brunei is heavily dependent on its hydrocarbon resource wealth, which provides more than half of the nation’s income. The government has highlighted its concerns about the nation’s oil dependence, which leaves it vulnerable to economic shocks. Brunei sees diversification as integral to its economic development and has outlined plans to reduce oil dependency and develop other industries.
Vietnam Briefing’s Tax, Accounting, and Audit Guide for 2022, produced in collaboration with our tax experts at Dezan Shira & Associates, aims to provide an overview of taxes for businesses and individuals in Vietnam, as well as fundamental accounting and audit information in the Vietnamese business context. It is a complimentary download. A strong understanding of tax liabilities enables foreign investors to maximize the tax efficiency of their investments while ensuring full compliance with all tax laws and regulations.
Company surveys conducted by foreign chambers of commerce in China have shown that while business confidence is shaken by the recent disruptions, most foreign companies still view the country to be an essential market, key to global competitiveness. In this article, we discuss key concerns highlighted by foreign businesses and what factors will shape the long-term outlook. There continues to be an underlying confidence in doing business in China – illustrated by high FDI inflows and better than expected Q1 results posted by some export-facing businesses.
The Ukraine conflict has resulted in unexpected increases in trade flows east, with one of the beneficiaries being Iran. This is because the International North-South Transportation Corridor (INSTC), originally intended as a link to boost India-Iran trade, has now become a key part of the far wider Southern Route between Europe and Asia as the EU’s Northern border with Russia remains closed. Iranian INSTC trade routes between Europe and Asia are flourishing but when will the EU be pressured into conducting its trade purely with North America?
Thailand and Russia are ready to boost bilateral trade to US$10 billion in 2023, Jurin Laksanawisit, Thailand’s Minister of Commerce Minister said on Saturday. Jurin was speaking after talks with Russia’s Economic Development Minister Maxim Reshetnikov on the sidelines of the APEC meeting in Bangkok. Bangkok is following the trend for ASEAN nations to establish Free Trade Agreements with the EAEU
Is BRICS+ an alternative to the G20? An online meeting of potential BRICS+ Foreign Ministers was held last Friday (May 20) in which the FMs of Brazil, Russia, India, China, and South Africa (BRICS) were joined by the FMs or representatives from Argentina, Egypt, Indonesia, Kazakhstan, Nigeria, the UAE, Saudi Arabia, Senegal, and Thailand with a view to them joining an expanded organisation.
Kazakhstan is a clear winner as geopolitics reshape Central Asia, like the impact of the US tariffs on China (a form of sanctions) to spur the country to adopt policies that would develop its own consumer market. Russian reactions to sanctions are already having a similar effect. We can start to look forward to a slew of new investment laws and state development policies from the end of this year and into 2023 as Russia adapts to a new reality and countries such as Kazakhstan (and Uzbekistan) get to share more in Russia's gigantic, if slow-moving potential.
Brunei sees diversification as integral to its economic development and has outlined plans to reduce oil dependency and develop other industries.
Is China's technology sector out of the regulatory woods? We look at the signs and discuss the outcomes of recent meetings and language spoken by policymakers.
We discuss some of the tax, HR, and payroll considerations for expatriates when choosing to relocate to India for work or other purposes.
Vietnam Briefing details the government's recently issued Circular 7 on how to tackle trade remedy measures for businesses using the RCEP.