Solar and Wind in India, China’s Arctic Links, and Environmental Tax in Vietnam – Asia Investment Brief
Our weekly round up of other news affecting foreign investors throughout Asia:
On February 19, Singapore’s finance minister delivered the 2018 budget with a focus on helping businesses in Singapore prepare for future challenges and create new opportunities. In this article, we present key highlights from the budget with important implications for businesses.
In June 2015, India announced that it would develop 175 gigawatts (GW) of renewable energy capacity by 2022. To this end, federal and state governments introduced a number of tax and financial incentives to make India’s nascent solar and wind sectors appealing for investors.
Construction of the Nizhneleninskoye-Tongjiang railway bridge is expected to be completed this year, together with other cross border infrastructure programmes aimed at enhancing Russia’s connectivity with China, Central Europe and Central Asia, according to senior officials of Northeast China’s Heilongjiang Province.
The Arctic Link is a proposed rail connection between northern Finland and Arctic Norway, with the potential to later include with Murmansk in Northern Russia. It is hoped to improve Scandinavia’s trade links to China via the Northern Sea Route.
Vietnam proposes higher environmental protection taxes on oil and petroleum products from July 1, 2018, to offset decreasing import tax revenues due to tariff commitments. Read more to know about the tax hikes and its effect on the economy, government revenues, and environment.
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