Featured News
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.
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China Briefing
New Amendments to BVI Business Companies Act: Impact on Hong Kong Companies and Companies Holding China Assets
The new amendments aim to bring BVI's business regime in line with international standards.
China Officially Launches New Private Pension Scheme - Who Can Take Part?
China's private pension has officially launched, but high barriers to entry mean not many players can get involved - yet.
China’s Biopharma Industry: Market Prospects, Investment Paths
We discuss the market size, growth drivers, and global competition facing China’s biopharma industry and suggest potential investment paths.
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
Maharashtra Revises Single-Use Plastic Ban: Items Now Allowed for Production and Use
Maharashtra rolled back the state's ban on single-use plastic items made of compostable material and specified packaging material.
India’s New Plastic Waste Management Rules Effective from July 1, 2022
Businesses must note that single use plastic will be banned in India from July 1, 2022, and noncompliance will trigger penalties.
Investment Opportunities in India's Transition to a Low-Carbon Economy
India’s net-zero commitments will demand a vast amount of funding over the next five decades. We discuss key investment opportunities.
India Finalizes INR 160 Billion Sovereign Green Bonds Framework to Fund Green Projects
The Sovereign Green Bonds Framework will ensure availability of finance for green infrastructure and renewable energy projects. We discuss how.
Vietnam Briefing
Vietnam Milks EAEU for all its Worth with New Dairy in Russia
Vietnam’s TH Milk is expanding into Russia with a new facility near Moscow. Here’s a short overview.
No World Cup for Vietnam but Still Key Player in World Football Market
Vietnam won’t be playing in the World Cup but that doesn’t mean it won’t be well represented on the pitch. Here’s how.
Vietnam’s Emerging Cosmetics Industry: Strong Potential for Growing Market
Vietnam Briefing profiles the emerging cosmetics industry in Vietnam including the current scenario, opportunities, and challenges.
Explainer: Implications of the Latest Fed Rate Hike on the Vietnamese Dong
Changes to interest rates in the US have global implications. Here’s what it might mean for Vietnam.
ASEAN Briefing
ASEAN-Australia-New Zealand Free Trade Area Upgraded
The AANZFTA upgrade aims to modernize the agreement with new provisions on government procurement, MSMEs, trade, and sustainable development.
Thailand: New Incentives for Investor Retention, Relocation, High-Tech, and Green Industries
Thailand has introduced new incentives aimed at supporting high-tech industries, tax exemptions for companies relocating to the country, and rewarding existing investors.
Opportunities for Australian F&B Brands in Singapore
Singapore is highly dependent on food and beverage imports and the country presents a highly lucrative market for Australian food brands.
Australia’s Beef Exports to Indonesia Highlights Wider Potential for Halal Products
Australia’s agricultural products, particularly its cattle and beef, are important merchandise exports to Indonesia.
Silk Road Briefing
Algeria, China, Upgrade And Extend Belt & Road Initiative Development Plans
Algeria and China signed an executive plan on Monday (December 5) for the joint development of the Belt and Road initiative, the Ministry of Foreign Affairs in Algiers has announced. A second agreement was signed regarding cooperation in “important areas” between the two countries extending until 2024.
2022 Kyrgyzstan – Uzbekistan Bilateral Trade Reaches Record Highs
Shifting supply chains and BRI developments are boosting Central Asian trade and investment with positive regional results By Chris Devonshire-Ellis The bilateral trade turnover between Kyrgyzstan and Uzbekistan since the beginning of 2022 has reached US$1 billion, a record figure. The announcement was made by Shavkat Mirziyoyev, the President of Uzbekistan, following conversations with[.....]
Kyrgyzstan, Turkmenistan To Increase Road Transport Connectivity As Middle Corridor Develops
Kyrgyzstan’s Minister of Transport and Communications, Tilek Tekebayev has held meetings with Annadurdy Kosaev, the Chairman of the Turkmendeniz Deryayollary Transport agency at Turkmenbashi port, according to the Kyrgyz Ministry of Transport.
Tajikistan Unveils 2023-2037 Green Development Policy
Tajikistan’s Ministry of Economic Development and Trade has introduced the “Strategy for the Development of the Green Economy for 2023-2037”, with the goal being to implement regulatory reforms, ensure the efficient use of natural capital, attract investments, introduce modern and innovative technologies, and strengthen international cooperation in the green economy.
Russia Briefing
2022 Belarus-Russia Trade To Hit Record US$50 Billion
Belarus-Russia trade is likely to hit a record high of $50 billion in 2022, according to the Belarusian Ambassador to Russia, Dmitry Krutoi, who made the statements at the “Belarus – Russia: Equal Union, Common History, Shared Future” forum held this week.
Gazprombank Launches Chinese RMB Yuan Remittance Services To Individuals & Businesses
Gazprombank (GPB) has launched money remittances for individuals in Chinese yuan from their accounts to the accounts of individuals and legal entities in any other bank in Russia or abroad, the bank has stated. Gazprombank retail clients could previously make transfers in Russian rubles, U.S. dollars, and Euros. In the West, the bank is sanctioned[.....]
2022 European Union Trade With Russia: Increases & Decreases YTD
The Russian State-Owned Statistics Agency RIA Novosti has claimed that many EU countries have increased their bilateral trade with Russia, citing data from the European Union’s own trade intelligence.
Russia-Commonwealth of Independent States Trade Up 6.8% In 9M 2022
Energy, construction and agricultural trade all show sizeable increases By Chris Devonshire-Ellis The 96th meeting of the Economic Council of the Commonwealth of Independent States has taken part, with Russian Deputy Prime Minister Viktoria Abramchenko representing Russia. The Commonwealth of Independent States (CIS) includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan and[.....]