2point6billion.com discusses investment news and events from the emerging markets of Asia - including India, China and the ASEAN countries. It is produced by the Asian foreign direct business advisors at Dezan Shira & Associates from their offices across emerging Asia.
BRICS Development Bank potential also being analyzed
Apr. 3 – The BRICS countries, who completed their fifth annual summit in Delhi last week, have agreed to provide credit facilities to each other in local currencies. The agreement, signed by the presidents of China, India, Russia, Brazil and South Africa, permits easier transactions and grants them freedom from having to use fully convertible currencies for trade, effectively avoiding use of the U.S. dollar and Euro. Continue reading
Apr. 2 – The latest issue of DPRK Business Monthly is now available for complimentary download. The regular magazine looks at current international, domestic, and peninsular affairs concerning North Korea while also offering commentary and tourism information on the country.
In recent news, Park Chan-mo, co-chair of the recently-opened Pyongyang University of Science and Technology (PUST), told the Korea Times, published in South Korea, that the Internet is now available to PUST students, as part of the institution’s goal to become a “globalized university.” Continue reading
Mar. 30 – India, currently boasting the fourth-largest economy in the world in terms of purchasing power parity (PPP), will become the largest by 2050, according to the 2012 edition of The Wealth Report released this week by global property firm Knight Frank and Citi Private Bank. The report also predicts China, currently the world’s second largest economy, will take the top spot from the United States by 2020.
According to the report, by 2050 the Indian economy is expected to be worth $85.97 trillion while China’s GDP would stand at $80.02 trillion. Both figures are forecasted to be dramatically higher than that of the United States, which is expected to have a GDP of $39.07 trillion by 2050 – dropping two places from the current number one spot. Continue reading
Mar. 29 – The U.S. Department of Commerce has just run a highly acclaimed series of events in the United States, titled the “Hot Markets Watch.” Included were two keynote presentations given by Chris Devonshire-Ellis, principal of Dezan Shira & Associates, concerning changing China trends, in addition to discussions about the development of India and the role of emerging ASEAN.
These live presentations were attended by several hundred CEOs through various presentations. These two presentations have subsequently been combined and were re-broadcast live as a webinar yesterday from the new Dezan Shira & Associates liaison office in Charlotte, North Carolina. Online attendance was excellent and we have had many requests to post the entire event – a 45 minute broadcast, plus live Q&A – on our web site. Continue reading
Mar. 28 – The Myanmar government is introducing a new set of regulations expected to promote foreign direct investment into the country. Coupled with the lifting of U.S. sanctions on the existing regime, this move may well spell the beginning of a new chapter in the nation’s development. Long a pariah state and run until recently as an oppressive military dictatorship, a shift in domestic policy appears to be opening up the country to reform.
New regulations are set to be introduced as early as next month, taking the shape of tax holidays, simplifying foreign exchange, liberalizing the banking sector and reforming the areas of investment available for foreign participation. Continue reading
By Xiaolei Gu
Mar. 22 – India’s 2012-2013 Budget, released on March 16, seeks gradual growth recovery and solutions to rein in deficits by boosting domestic demand and reviving private investments. In this article, we outline some of the new Budget’s key measures aimed at improving India’s investment environment.
According to the Budget, India’s GDP growth in 2012-2013 is projected to come back to 7.6 percent, after the economy slowed to only 6.5 percent in 2011-2012, and the country’s fiscal deficit will constitute 5.1 percent of GDP in the 2012-2013 fiscal year, compared with 5.9 percent of GDP in the 2011-2012 fiscal. Continue reading
Op-Ed Commentary: Chris Devonshire-Ellis
Mar. 20 – Later this week, I’ll be speaking at the U.S. Department of Commerce “Hot Market Watch” event in Cincinnati. My (two) keynote lectures are about China and Vietnam, and with a little bit of India thrown in for good measure. The reasons for this are that the market dynamics over the global supply chain, the subsequent manufacturing base for that, and the opportunity to sell to more Asian consumers than ever before are all shifting. It’s something I’m looking forward to – having seen our firm, Dezan Shira & Associates, through 20 years of foreign investment advisory work in China. Six years ago we moved to do the same in India and, four years ago, to Vietnam. We spotted these changing dynamics way back, invested ourselves in these markets, and are now primary advisers to foreign investors throughout the emerging Asia region. Continue reading
2point6billion.com is a commentary and news forum specifically dedicated to the impact trade, development, investment, politics, and the emerging markets of Asia are having on the global business community.
Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at china@dezshira.com, download our corporate brochure or visit at us www.dezshira.com
