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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.
The Russian President Vladimir Putin has been on an official visit to Saudi Arabia and the UAE and is holding discussions with the Iranian President in Moscow. There are significant implications for Israel, Palestine, and future energy collaboration in addition to Caspian Sea trade between the Middle East, Russia, and Central Asia.
Vietnam and Luxembourg have a long and productive trading history. With diplomatic relations normalized back in 1973, the two countries have progressively become more and more intertwined in international trade. This has been helped along by the proactive approach to boosting trade ties taken by the two countries.
The Institute of Chartered Accountants of India has released an exposure draft proposing new auditing standards for limited liability partnerships (LLPs) in India to align them with prevailing corporate auditing norms. It is open for public comments until January 6, 2024. We explain what these new proposals mean and how they affect foreign investors.
With a reshuffle in the British Government and ex-Prime Minister – and generally pro-China politician David Cameron now as the UK’s Foreign Minister, there have been early signs of a potential mild rapprochement in the British governments overall attitude towards Beijing. 2023's UK-China investments can be indicative of 2024's UK investment trends.
On December 4, Thailand’s central bank and the Hong Kong Monetary Authority launched a new cross-border QR payment link enabling travelers from Thailand and Hong Kong to make retail payments through their mobile payment applications. Customers of Hong Kong’s Faster Payment System (FPS) and Thailand’s PromptPay can use their respective QR codes in either jurisdiction.
India’s economic ascent, potentially become the world’s second-largest economy by 2075, stems from multifaceted strengths. Anchored by strategic positioning, a commitment to digitalization, and demographic advantages, India stands as a tech haven amid global turmoil. Major tech firms like Apple, Microsoft, and Meta witness exponential growth in India, showcasing the country’s resilience.
The US Senate has voted not to send more aid to Ukraine. Understanding the real decision-making influences is key to predicting what is now likely to happen in Kiev, and is key to understanding developments in Ukraine, Russia, and Europe. We discuss the implications, scenarios for the end of the conflict and what happens next.
The BRICS Ambassador at large, Anil Sooklal, has stated that a further 20 countries, in addition to the recently proposed six new members invited earlier this year, have applied to join the BRICS group. We provide a summary of all 20 new candidate BRICS nations plus an overview of the global trade impact should they join.
With the Suez now considered a risk, and EU gas supplies dead, Asia is intent on taking up the lion’s share of Russia’s gas and supply chain volumes. The Northern Sea Route (NSR) cuts 8,000 km off the supply chain with a distance of 13,000 km, reducing sailing time from five-six weeks, to under three weeks between Russia’s European Ports and Asian ports such as Shanghai.
The increasing energy demand within the European Union is driving the initiation of new projects, including some linked with China’s Belt & Road Initiative. With Azerbaijan close to the European land mass but with Central Asia just across the Caspian Sea, its importance for Europe has risen. Azerbaijan and Central Asia will benefit, but the EU’s geopolitical risks have increased.
Malaysia's 2024 budget brings forth structural alterations that will notably impact businesses and individuals.
China's medical beauty market has emerged as a standout sector amid global economic challenges, exhibiting remarkable growth and resilience. Fueled by capital influx and a well-defined industrial chain, the industry has become a focal point for consumption growth within the broader beauty and healthcare sectors, offering an array of opportunities for foreign businesses and investors.
The Institute of Chartered Accountants of India has released an exposure draft for public comments until January 6, 2024, proposing new auditing standards for Limited Liability Partnerships (LLPs) in India to align them with prevailing corporate auditing norms.
Last week, Vietnam released its Resource Mobilisation Plan (RMP) for the Just Energy Transition Partnership it formed last year. But the RMP is just one pillar of a multifaceted approach to Vietnam’s green energy transition, in this article Vietnam briefing looks at one other: the National Strategy on Green Growth Strategy.