Asia Briefing News - Latest Business and Regulatory Updates

China Briefing

Tapping into China’s Space Program

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.

US-China Relations in the Biden-Era: A Timeline

Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.

China Permanent Residence Application: Explaining the Process in Shanghai

We explain the procedure for and benefits of obtaining a Chinese permanent residence ID card, with a focus on Shanghai.

Private Education Industry in China: New Investment Opportunities and Restrictions for Foreign Players

New regulations for China’s private education industry clarify the levels of access available to foreign players.

India Briefing

Investing in India’s Food Processing Sector: Production-Linked Incentive Scheme

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.

OIDAR Digital Services in India: GST Applicability and Compliance

In India, 18% GST tax is applicable on digital services categorized as 'OIDAR'. We explain what services are considered OIDAR and relevant GST compliance.

India’s IT Sector: Regional Hubs, Growth Drivers, Push for Hardware Production

We look at the latest developments boosting the investment viability of India's IT sector, including push for local hardware manufacturing and 5G trials.

India Incentivizes Production of White Goods, Solar Modules: New PLI Schemes

Eligible investors involved in the manufacture of air conditioners, LED lights, and related components as well as solar modules will be granted incentives.

Vietnam Briefing

Reducing Business Costs in Vietnam amid the Pandemic

Similar to last year, Vietnam has issued incentives for businesses affected by COVID-19. These include tax breaks and land fee payment deferrals.

Vietnam Business Operations and the Coronavirus: Updates

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.

Business Risk Management in Vietnam in the Era of COVID-19

Vietnam Briefing discusses how businesses can prepare against exposure to fraudulent risks within the organization during times of economic turmoil like COVID-19.

What EU’s Sustained Investment Tells Us About Vietnam’s Business Environment

EU's sustained investment in Vietnam shows Vietnam's improved business environment despite the pandemic. Vietnam Briefing highlights the reasons why.

ASEAN Briefing

Thailand Approves Latest Stimulus Package to Sustain Consumer Confidence

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 Introduces Pemerkasa Plus Economic Stimulus Package

Malaysia’s government has introduced its latest economic stimulus package — Pemerkasa Plus — as a response to the national lockdown measures.

The Guide to Singapore's Import and Export Procedures

In line with Singapore’s business-friendly environment, the country’s import and export procedures are relatively efficient and simple.

Vietnam Encouraging More Singaporean Investments in Da Nang

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[.....]

Chinese Cartoon Mocking The G7 Goes Viral (But Not In The West)

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[.....]

Shanghai Cooperation Organisation Pursuing Eurasian Regional Trade Alliances

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[.....]

Rashakai Special Economic Zone Breaks Ground In Pakistan

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.

Russia Briefing

Eurasian Economic Union To Establish Medical Agency & Health Resort Integration

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[.....]

The Biden-Putin Geneva Summit: Analysis & Geopolitical Implications

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[.....]

New Iran-EAEU FTA Will Usher In An Era Of Increased Trade With Russia, India, and the Caspian Nations

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.[.....]

A Re-Set Of Global Geopolitics Is Occurring: The Eurasian Economic Union Is Part Of This And Is Going Global

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[.....]

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