ASEAN-India Free Trade Area Part III: Cambodia, Brunei, Laos and the Philippines
By Alex Tangkilisan Feb. 27 – In the third part of our ASEAN-India Free Trade Area analysis, we will examine trade trends and statistics from India to Cambodia, Brunei, Laos and the Philippines. While the Philippines is part of the ASEAN six majors, Cambodia, Brunei and Laos are the three smallest economies in the region. […]
Malaysia Q4 Growth Up 6.4%
Feb. 22 – Malaysia recorded better than expected GDP growth figures in the fourth quarter of 2012, with its economy growing by 6.4 percent. The total annual growth for last year hit 5.6 percent, higher than the expectations of most analysts. Both government spending on infrastructure projects and a solid consumer base contributed to Malaysia’s […]
Singapore CBD Office Rent 52% Lower Than Hong Kong
Feb. 21 – While the price of Hong Kong office rentals fell last year, its main competitor for Asian focused business, Singapore, is still 52 percent less expensive in the same market. Singapore is increasingly important as a link to both the other ASEAN countries and India, with prices expected to rise starting early this […]
ASEAN-India Free Trade Area Part II: Indonesia, Vietnam & Myanmar
By Alex Tangkilisan Feb. 20 – In the second part of our ASEAN-India Free Trade Area analysis, we will examine trade trends and statistics from India to Indonesia, Vietnam and Myanmar. Indonesia and Vietnam make up two of the major six economies in ASEAN, while Myanmar is one of the four smallest economies in the […]
UK Seeks To Boost Investment In India
Feb. 19 – The United Kingdom’s Prime Minister David Cameron is in India this week on a trade mission to beat the drums for stronger trade links between the two countries, and to advocate the UK as India’s “partner of choice”. Prime Minister Cameron stressed the opportunities that an emerging Indian economy presents for the […]
Hiring Foreign Staff to Work in Vietnam
Feb. 19 – The number of foreign laborers coming to Vietnam for work has steadily increased in recent years, from 52,633 people in 2008, to 55,428 in 2009, and 56,929 in 2010. However, by September 2011, the number of foreign workers in Vietnam had surged to 78,440 people. A large portion of the foreign workers […]
An Overview of India’s Taxes on Business
Feb. 14 – In this article, we give a brief overview of India’s major taxes and duties on business, including Corporate Income Tax, Dividend Distribution Tax, Minimum Alternative Tax, Value-Added Tax, Central Sales Tax, Goods And Service Tax, Customs Duty, Excise Duty (CENVAT) Service Tax, Capital Gains Tax, Wealth Tax, and Withholding Tax. The central […]
As China Burns More Coal, India Needs More
Feb. 14 – Recent figures from the U.S. Energy Information Administration have revealed that China consumes almost as much coal as the rest of the world combined. Perhaps even more shocking, it has been estimated that India, who currently faces domestic shortages, could be importing as much coal as China by 2017. As the Asian […]
Update: Personal Income Tax Finalization for Foreigners in Vietnam
Feb. 12 – On January 15, the Vietnam General Department of Taxation issued Official Letter 187/TCT-TNCN (OL187) to provide guidance on the finalization of personal income taxes (PIT). Some of the key updates can be found below. 183 Day Rule Foreigners who work in Vietnam do not have to pay PIT if they spend fewer […]
Standard Chartered Bank Opens in Yangon
Feb. 7 – Standard Chartered Bank opened a representative office in Yangon, Myanmar yesterday, becoming the only major international bank to have an operating presence in all ASEAN member countries. The move comes 10 years after the bank withdrew its presence in the country following a 150-year tenure that began when the bank first established […]