Stay on top of the latest business news from across Asia. Here we bring you a selection of the latest articles on economic, regulatory, tax, HR, and payroll developments published on our respective regional platforms.
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.
Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.
We explain the procedure for and benefits of obtaining a Chinese permanent residence ID card, with a focus on Shanghai.
New regulations for China’s private education industry clarify the levels of access available to foreign players.
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.
In India, 18% GST tax is applicable on digital services categorized as 'OIDAR'. We explain what services are considered OIDAR and relevant GST compliance.
We look at the latest developments boosting the investment viability of India's IT sector, including push for local hardware manufacturing and 5G trials.
Eligible investors involved in the manufacture of air conditioners, LED lights, and related components as well as solar modules will be granted incentives.
Similar to last year, Vietnam has issued incentives for businesses affected by COVID-19. These include tax breaks and land fee payment deferrals.
Businesses in Vietnam need to prepare for an escalation of the coronavirus outbreak; measures taken by authorities may get enforced with little or no notice.
Vietnam Briefing discusses how businesses can prepare against exposure to fraudulent risks within the organization during times of economic turmoil like COVID-19.
EU's sustained investment in Vietnam shows Vietnam's improved business environment despite the pandemic. Vietnam Briefing highlights the reasons why.
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.
Malaysia’s government has introduced its latest economic stimulus package — Pemerkasa Plus — as a response to the national lockdown measures.
In line with Singapore’s business-friendly environment, the country’s import and export procedures are relatively efficient and simple.
Vietnam is eager to encourage more Singapore investments into Da Nang city, as the city aims to be a socio-economic center in Southeast Asia.
South Asia the main recipient, Central Asia on the horizon China’s outbound direct investment (ODI) into countries involved in the Belt and Road Initiative (BRI) increased in the first five months of 2021, according to China’s Ministry of Commerce. During these five months, investment into BRI countries expanded 13.8% when compared to the same period[.....]
The tables are turned as concerns satire’s targets At Silk Road Briefing Mansions, we always feel a bit of humor is required especially when dealing with today’s contemporary political problems and global fracturing. While we usually stick to serious subject matters, satire can be a useful way to describe events, and can be funny whether[.....]
New Eurasian Trade & Security cooperation 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 Bakhtiyer Khakimov has stated that the SCO is working on a memorandum of understanding with the Eurasian Economic Commission (EAEU), and trade agreements[.....]
New SEZ to service markets in Afghanistan, Xinjiang and the Middle East The opening ceremony of the first CPEC industrial park was held at the end of May, with the Rashakai Special Economic Zone in Pakistan’s Khyber Pakhtunkhwa (KP) province, bordering Afghanistan, situated roughly equidistant between the capital cities of Islamabad and Kabul.
Eurasian Health Resort Ring Project To Be Implemented: Opportunities for foreign investors in medical tourism, health resorts and pharmaceuticals The Eurasian Economic Union (EAEU) is planning to fast track a Eurasian Medical Agency to permit unified and faster response times when dealing with pharmaceuticals and other medical requirements. At present, drugs must be individually licensed[.....]
Op/Ed by Chris Devonshire-Ellis & Bob Savic Reading between the lines: The United States to develop LatAm, Eurasia & Africa to Moscow & Beijing Preamble: Badly Behaved Journalists Scuffles? People being pushed to the ground? General mayhem, havoc, and chaos? Bad language? Such was the media scrum trying to take photos of the US and[.....]
Op/Ed by Chris Devonshire-Ellis Iran plans to sign an expanded EAEU FTA by October, with trade between India, Russia and the Caspian Nations all set to increase as free trade agreements and infrastructure connectivity combine Iran’s First Vice-President Es’haq Jahangiri has been overseeing the upcoming renewal of the Iran-Eurasian Economic Union (EAEU) Free Trade Agreement.[.....]
Op/ed by Chris Devonshire-Ellis The EAEU as an alternative to Europe is fast becoming a trade reality Russian Foreign Minister Sergey Lavrov said last week that ‘tens’ of countries in Africa, Latin America and Asia are interested in negotiating Free Trade Agreements with the Eurasian Economic Union (EAEU). Lavrov said “The EAEU s attracting more and more[.....]