Malaysia’s 2019 Budget, India-China DTAA Updated – China Outbound

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Our weekly round up of other news affecting foreign investors throughout Asia.

ASEAN BRIEFING

Malaysia’s 2019 Budget: Salient Features

On November 2, 2018, Malaysia’s Minister of Finance Lim Guan Eng tabled the country’s much anticipated 2019 budget.

The budget focuses on three areas – implementation of institutional reforms; socio-economic well-being of all Malaysians; and the fostering of an entrepreneurial economy.

INDIA BRIEFING

India-China Amend Double Taxation Avoidance Agreement

In the latest move to check tax evasion by multinational companies operating in both China and India, the two countries signed a protocol to amend the existing Double Taxation Avoidance Agreement (DTAA).

The protocol, among other things, updates the existing provisions for the exchange of information to the latest international standards.

RUSSIA BRIEFING

Russian Energy Exports Benefit from US-China Trade Spat

Although China and the United States have agreed a 90 day truce in their trade war, and suspended the threat of additional tariffs, the issue has played to Russia’s advantage – almost certainly an unintended consequence by Washington.

Beijing has turned to alternative crude and natural gas suppliers since August, when it became apparent the threat of US tariffs were real, benefiting Russia’s energy industry.

SILK ROAD BRIEFING

The Case for the Belt and Road’s Alternative Currency Basket

There are calls for US dollar trade in China and Russia – the largest of the Belt & Road nations – to either be replaced by a return by to a gold or similar asset backed currency such as oil or gas reserves, or the creation and development of alternative basket of currencies, and including the Euro as a reserve currency.

VIETNAM BRIEFING

Vietnam Among the Top Five in Private Participation in Infrastructure Projects

According to a recent report by the World Bank, Vietnam ranks among the top five countries in private participation in infrastructure (PPI) projects in the first half of 2018.

A total of 34 countries attracted investments, with China, Turkey, Vietnam, India, and Brazil being the top five, accounting for 66 percent of the total investment, up 10 percent compared to last year.


About Us

China Briefing is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia and maintains offices in ChinaHong KongIndonesiaSingaporeRussia, and Vietnam. Please contact info@dezshira.com or visit our website at www.dezshira.com.

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