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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.
Singapore’s Ministry of Manpower (MOM) provides a range of employment permits for professional expatriates planning to work in the country. Each employment permit differs across various categories of employees and is based on their professional skills and monthly salaries. In this article, we discuss the type of employment permits for professional foreign workers and the requirements to obtain them.
India’s Northeast Region (NER) is among the poorer and less developed parts of the nation but provides investors with a strategic landscape and various greenfield opportunities. A key appeal of the states in this region is the abundance of raw materials, cheaper labor costs, and access to Southeast Asian markets. In this article, we take a closer look at investment opportunities in the NER and how the region is transitioning from a primarily agrarian economy.
Saudi Arabia is Indonesia’s largest trade partner in the Middle East with bilateral trade reaching some US$5.5 billion in 2021, an increase of 40% from the previous year. The trade balance is heavily in favor of Saudi Arabia with the main export being oil and its products, which amounted to over US$3 billion in 2021. However, other market opportunities exist as Indonesia’s RCEP and ASEAN memberships can help Saudi exporters reach 500 million Islamic consumers.
India’s National Logistics Policy is expected to give a massive boost to the country’s US$200 billion logistics sector. Through increased digitization, streamlining how different ministries operate, and cross-sector initiatives, the policy aims to reduce the cost of logistics and enhance efficiency. Industry stakeholders have welcomed the National Logistics Policy, which can place India among the top 25 logistics ecosystems in the world. The policy will be implemented in conjunction with the PM GatiShakti National Master Plan to ensure efficiencies in India’s massive infrastructure and connectivity development programs.
As China endeavors to shift from being a low-end mass manufacturer to a high-end producer, the government has doubled down on encouraging targeted investments in research and development (R&D) and technological innovation. The ongoing technology confrontation with the US is another factor at play, impacting a wide range of segments from access to chips and other key input technologies and products. This has resulted in China labeling its technology sector as a strategic one and for which government support has increased. We provide the very latest incentive updates.
The Vietnam Chamber of Commerce and Industry (VCCI) has launched the Vietnam Business Integrity Index. The project, created in collaboration with the UNDP and funded by the British government, provides a toolkit for assessing the integrity and conduct of Vietnamese business. By doing this, the program’s developers hope to attract more investment and enhance the progression of Vietnamese enterprise.
China and Russia have signed contracts for the deployment of China’s Beidou system stations in Russia, and Russia’s GLONASS stations in China, Russia’s state corporation Roscosmos has stated. The cooperation paves the way for strategic cooperation in satellite navigation projects. The Chinese stations will be based in Obninsk, Irkutsk and Petropavlovsk-Kamchatsky, while Russia’s GLONASS stations will be located in Urumqi, Changchun and Shanghai.
Another result in the trend of Russia’s regional Governments taking the initiative to expand international trade ties has arisen with the Governor of St. Petersburg, Alexander Beglov, holding trade and investment discussions with the President of Turkmenistan Serdar Berdimuhamedov. Among the main areas of discussion were energy, transport and communications, construction, road transport infrastructure and shipbuilding, investment and digitalization. At the same time, interaction in the construction of smart cities is of particular importance.
The 3rd China-Türkiye Communication Forum was held on September 26, 2022. The forum, jointly sponsored by China International Communications Group (CICG), and Turkuvaz Media Group concentrated on the development of deeper bilateral strategic cooperation in politics, economy and trade, culture, education, and science and technology. Alignment between the BRI and Caspian corridors has been made a priority. We explore the outcomes of these discussions.
Iran is preparing to launch an international stock exchange at the Kish Island Free Zone by the year end, according to Mehdi Keshavarz, the Managing Director of the Kish Free Zone Organization. Owing to its free trade zone status, has an estimated population of almost 40,000 residents and about 1 million visitors annually, making it the third most visited trade and tourism destination in the Gulf. It can be expected to evolve into a financial services centre highlighting Iranian and other regional businesses and trade.
The latest issue of ASEAN Briefing Magazine, titled “Opportunities for Foreign Investors in Thailand”, is out now and available as a complimentary download.
Hong Kong has lifted hotel quarantine for all inbound travelers - we explain the new rules for testing and self-monitoring.
As India and the Netherlands formalize the FTM, we discuss their bilateral trade and commercial links and the pivot in Dutch investments in India in UN SDG-linked areas.
The Vietnam Business Integrity Index has been created in collaboration with the UNDP and funded by the British government.