Investing in Offshore Labuan, India’s Growing Logistics Industry – China Outbound
Our weekly round up of other news affecting foreign investors throughout Asia.
Labuan is an offshore, Malaysian island, which has the benefit of low tax regimes while still retaining the protection of Malaysia’s laws and regulations.
Labuan entities benefit from nearly all the Double Taxation Agreements (DTAs) Malaysia has signed with over 70 countries while profiting from tax exemptions under the Labuan International Banking and Financial Center (IBFC).
India’s logistics industry is currently experiencing a transformative phase.
The federal government’s Make in India initiative, entry of global players in the logistics industry, roll-out of the Goods and Services Tax (GST), and emerging avenues such as e-commerce, hyperlocal startups, and new logistics parks infrastructure are creating immense investment opportunities as well as diversifying the scope of the industry.
Russia and Europe are undergoing a renaissance in relations, with trade between the two rising by 20 percent in 2018.
Russia remains a huge market for many European companies, and they have either been relocating to Russia to continue to service the Russian domestic consumer market or have been engaging with Russia via Asia and offshore centers, such as Hong Kong and Singapore.
Multiple Belt and Road (BRI) nations have featured in the top 20 emerging market economies, according to Bloomberg’s 2018 rankings.
Russia finished in second place, just behind Malaysia, and ahead of China in third. Other Asian countries, such as Philippines, Thailand, Indonesia, and India also all featured in high positions.
The rankings were based upon metrics ranging from growth prospects to the state of the current account, sovereign credit ratings, and stock and bond valuations.
Quang Ngai province is a south-central coastal region, halfway between Hanoi and Ho Chi Minh City, and positioned within the Key Economic Region of Central Vietnam.
Quang Ngai boasts of four major industrial zones, as well as transportation infrastructure that connects the region to neighboring economic zones.
The Dung Quat Economic Zone is a multi-functional economic zone within the province that focuses on large-scale projects in industries such as shipbuilding and repairing, mechanical engineering, cement production, automobile, and equipment manufacturing.