By Abhishek Dey and Melissa Cyrill In 2023, the global economic landscape witnessed a convergence of pivotal events and challenges forcing businesses to rethink strategies and de-risk operations – especially US companies based in Asia. From political developments and conflict in the Middle East, to supply chain disruptions and monetary policy shifts, US businesses […]
By Bob Savic, Advisor to Dezan Shira & Associates As the world emerges from an unprecedented pandemic-induced economic slump, Asia is once again garnering the attention of international investors and multinational corporations in the form of large-scale inflows of portfolio and direct investments into strategic economic sectors.
By Chris Devonshire-Ellis and Bob Savic The NATO communique issued yesterday (see here) addresses China as a security threat to the West for the first time. However, within the text there is relatively little on China (vs Russia) other than reference to it being a “systemic rival”, mirroring earlier EU wording on its relations with […]
Chris Devonshire-Ellis is the Founding Partner and Chairman of Dezan Shira & Associates, and visiting lecturer at the Russian Higher School of Economics. Dezan Shira & Associates handles foreign direct investment into Asia, has 28 offices across China, India, ASEAN, and Russia, and last year celebrated its 25th anniversary of operations. Over the years, the […]
While North Korea has been taking up the headlines of US Vice-President Pence’s trip to South Korea and Japan, a little noticed meeting is taking place tomorrow in Tokyo that could spark the re-ignition of the Trans-Pacific Partnership agreement that new President Trump ditched almost immediately after coming into office. It is worth remembering that […]
The cash-strapped Mongolian government has reached a deal with the International Monetary Fund, World Bank, Asian Development Bank, and sovereign nation funds from Japan, South Korea, and China to bail out its stricken economy. A US$5.5 billion bailout has been agreed to, part of which includes a US$440 million loan package.
China Plans Revamp of its Medical Devices Industry, Date Set for India’s GST, and Details of Hong Kong’s DTA With Russia
China is targeting cutting through the bureaucratic red tape in the registration process of its medical devices, while India has committed to implement its Goods and Services Tax (GST) in April 2017. Additionally, a date has now been set for the Hong Kong – Russia DTA to come into effect.
China Introduces New Transfer Pricing Rules, India Set to Implement National Education Policy, and Opportunities in ASEAN’s Emerging Sharing Economy
China’s State Administration of Taxation has issued new regulations that fundamentally change how China treats transfer pricing, while India has recently announced its intent to establish a National Education Policy that will affect FDI into its education industry.
China Targets Reduced Meat Consumption, India Looks to Allow Foreign Law Firms to Practice, and Malaysia Raises Minimum Wage
The Chinese government has issued new dietary guidelines that aim to cut meat consumption in half by 2030. Meanwhile, the Bar Council of India last week drafted rules to allow foreign lawyers to practice in India, and Malaysia raised its minimum wage.
New 24/7 Trading Law in India, the Philippines to Lower its CIT, and an Analysis of China’s e-Waste Crisis
India’s Union cabinet recently approved a bill that will allow commercial establishments to operate for 24 hours a day. Elsewhere, the Philippines is set to lower its CIT under new President Duterte, and China’s electronic waste problems continue to worsen.