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Mar. 21 – Egyptian President Mohamed Morsi declared Egypt’s desire to join the BRICS bloc, making it E-BRICS, during his visit to Delhi this week. Morsi made his intentions known to the Indian Commerce Minister Anand Sharma after revealing that Egyptian-Indian bilateral trade is expected to double in the next three years. He also noted […]

Mar. 20 – Signs assuring customers that fruit, vegetables and other consumable products are not imported from China are beginning to pop up in wet markets across Asia, especially in Vietnam, due to an ensuing problem with heavily contaminated fruit originating from China. Several regional newspapers throughout Hanoi, Manila and Jakarta have carried stories of […]

Mar. 19 – Sri Lanka recently unveiled its second international airport in the southeast region of Hambantota. The main focus of opening this new international airport is to promote Sri Lanka’s growing tourism industry along with its southeast coast, and to also assist with freight traffic coming from Sri Lanka’s new Hambantota Port facility that is currently […]

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 […]

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.

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 […]

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 […]

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 […]

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 […]

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 […]