Our weekly round up of other news affecting foreign investors throughout Asia:
Thailand’s Investment Outlook for 2018
Despite a decade of political instability and economic shocks, the Thai economy grew at a rate of 3.7 percent in 2017 and is expected to touch 4 percent in 2018. Read more about Thailand’s latest FDI trends and outlook for 2018 in our latest article.
Minimum Alternate Tax in India: Foreign Infrastructure Companies Exempt
Tax reform in India has picked up pace in recent years, with the Narendra Modi government focused on attracting greater foreign investment into the country. Unfortunately, India’s complicated tax rules and retrospective enforcement dissuade many foreign investors from doing more business in India.
The Battle of the Bullionaires – Russia Leading China in Race for Gold Reserves
Russia has just overtaken China as the world’s fifth-biggest holder of gold reserves. In January, the Bank of Russia boosted its holdings of the precious metal by almost 20 tons, reaching 1,857 metric tons, thus overtaking the People’s Bank of China, which reported 1,843 tons.
China’s Silk Road Gold Fund – The Central Asian Gold Deposits
China’s Silk Road Gold Fund was launched in 2015, and has begun trading on the Shanghai Gold Exchange. According to Xinhua, over 60 countries have invested in the US$16 billion fund, which aims to provide financing to extract gold from existing, but underutilized deposits.
Growing Economic Cooperation between Japan and Vietnam
In 2017, Japan emerged as one of the leading economic partners for Vietnam. With the growing bilateral trade and investments, economic cooperation between the two countries will continue to expand in the future. Read more to know about the growing FDI, bilateral trade, and major sectors attracting investment.
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