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A renewed emphasis on regional cooperation was among the key issues discussed this week during Indian PM Singh’s visit to China. Both sides agreed to further dialogues on the Bangladesh-China-India-Myanmar Economic Corridor, a strategic economic partnership proposed by the long-standing BCIM Forum.

Oct. 25 – Vietnam’s National Assembly issued the Law on Personal Income Tax (PIT) on November 21, 2007, which came into effect on January 1, 2009. The law applies to individuals earning income, including individuals doing business who were previously included under corporate income tax. According to the PIT Law, PIT is levied on the […]

Bangladesh & Myanmar trade corridor between China & India also discussed Oct. 24 – China and India have agreed that in the event of any conflict along the Line of Actual Control (LAC) they will not revert to using force or threats, and will actively seek to prevent any form of armed conflict or unnecessary […]

Oct. 24 – The European Union (EU), accounting for 20 percent of global imports and exports, plays a massive role in Asia’s markets. EU-India trade, for example, grew from €28.6 billion in 2003 to €79.9 billion in 2011. Furthermore, ASEAN as a whole represents the EU’s largest trading partner after the U.S. and China, with […]

Oct. 17 – Pursuant to the prevailing regulation on Vietnamese tax management, the taxpayer must submit monthly valued-added tax (VAT) returns and settle tax payments on or before the 20th day of the following month in localities where they conduct production or business. Furthermore, in specific situations, business establishments that pay VAT according to the […]

Oct. 16 – In its study of the energy outlook for the Asian region, the Asian Development Bank (ADB) created two possible future scenarios: business as usual (BAU) or the more positive “alternative case.” Specifically, the BAU case “reflects the impact of existing policies and current technology levels on future energy demand and energy choice, […]

Oct. 16 – When applying for a long-term visa in India, there are a number of procedures and legal frameworks that must be understood. In this article, we discuss the documents necessary for a foreigner to work in India. Visa Application India provides two kinds of work-related visas: a business visa, also called a B […]

Op-Ed Commentary: Chris Devonshire-Ellis Oct. 14 – As China becomes increasingly shrill in its condemnation of the prospect of a U.S. default, an interesting question begins to arise – which Asian economies could withstand such an event? Xinhua, China’s official government news agency, said that as American politicians continued to flounder over a deal to […]

Oct. 14 – Chinese Premier Li Keqiang, holding a press conference with Vietnamese Premier Nguyen Tan Dung, said that “the relationship between China and Vietnam has made substantial progress.” He further noted that the two sides have “made a breakthrough in bilateral cooperation” after pledging to set up three joint work groups to advance maritime, […]

Rice, Rubber & Railways Oct. 14 – Following Chinese President Xi Jinping’s visit to Indonesia and Malaysia a week ago, Prime Minister Li Keqiang now gets the job of promoting Chinese interests in Asia with visits to Thailand and Vietnam. In Thailand, China has agreed to boost bilateral trade through a deal to increase its […]