Indonesia’s Lion Air Signs Deal For Additional Aircraft
Mar. 19 – In a sure sign that the battle for Asian air passengers is heating up, Indonesia-based budget air carrier Lion Air recently signed a US$24 billion deal with Airbus to purchase 234 A320 aircraft over the next decade. Included in the purchase are the current A320 aircraft and the soon to be introduced […]
Asia’s High Net Worth Individuals Concentrated in China & India
A survey by Knight Frank, the Wealth Report 2013, has clearly demonstrated that the bulk of Asia’s high net-worth individuals (HNWI) are concentrated in China and India, and that the fastest growing rates for the accumulation of wealth will also be in these two countries.
The TPP’s 16th Round of Negotiation in Singapore
By Nathanael Susanto, Business Manager, Singapore, Dezan Shira & Associates Mar. 13 – The Trans-Pacific Partnership (TPP) framework is fundamentally designed to be identical to the free trade agreement model, and is also known as a “high standard” agreement aiming at emerging trade issues in the 21st Century. The 16th round of the TPP negotiations […]
Expanding Asia: The Growth of Mobile Internet in Asia
Mar. 13 – As Internet use in Asia continues to develop thanks to Asia’s seemingly infinitely growing Internet penetration rates and a consistently growing number of web users, methods to go online have evolved from the usual desktop experience into something much more, literally, mobile. Because of Asia’s broadband infrastructure, accessing the Internet has proven […]
Using Singapore as a Base for Asia Expansion
By Eunice Ku and Nathanael Susanto, Dezan Shira & Associates Mar. 12 – As a financial and services hub, Singapore is the de facto financial capital of the Association of Southeast Asian Nations (ASEAN). For companies interested in doing business with ASEAN, the place to start is Singapore. Companies in Singapore enjoy a low corporate […]
Trans-Pacific Partnership Negotiations Continue, FTA Likely Signed This Year
By Sondre Solstad Mar. 8 – Over 600 delegates from 11 countries are currently meeting in Singapore with an aim to continue progress on the Trans-Pacific Partnership (TPP) agreement. “This is the 16th round of negotiations, and a very important one,” stated Malaysia’s Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed. The TPP […]
Presumptive Basis of Taxation for Small Business in India
By Himanshu Joshi, Accounts Associate, Dezan Shira & Associates Mar. 8 – In order to provide small business owners relief from the tedious work of book keeping, auditing and compliance, sections 44AD and 44AE of the Income Tax Act 1961 allows an assessee to determine their income on a presumptive basis. This allows income to […]
Vietnam Announces Growing Revenues, Analysts Predict Further Growth
Mar. 8 – The General Statistical Office (GSO) announced that total revenues from retail trade and services throughout the first two months of 2013 were estimated at a total of VND422.2 trillion (US$20.59 billion) – 10.9 percent year-on-year gain. In addition, HSBC recently released a report that predicted Vietnam’s GDP to continue to grow in […]
Walmart Announces Zero-Tolerance Policy, Stricter Standards for Suppliers
By Sondre Solstad Mar. 7 – Wal-Mart Stores Inc. (Walmart) has announced a “Zero-Tolerance Policy” on unauthorized sub-contracting, affecting all suppliers of Walmart stores and subsidiaries in the United States, United Kingdom and Canada. Effective from March 1, the Zero Tolerance Policy for subcontracting replaces the multinational retail giant’s former three-strike-rule, and indicates that Wal-Mart […]
ASEAN-India Free Trade Area Part IV: Thailand, Singapore and Malaysia
By Alex Tangkilisan Mar. 7 – In the fourth and final part of our ASEAN-India Free Trade Area analysis, we will examine trade trends and statistics from India to Thailand, Singapore and Malaysia. Thailand, Singapore and Malaysia account for three of ASEAN’s six major economies known as the ASEAN six majors (the other three being […]