Integrity Legal

It recently came to this blogger’s attention that China and the United Kingdom have apparently concluded a revision of those nations’ double tax treaty. To provide further insight into these events this blogger is compelled to quote directly from the website of Accountancy Age, AccountancyAge.com:

REVISIONS TO THE double taxation treaty between the UK and China will reduce the withholding tax on dividends received by UK investors from Chinese companies. The document revisions coincide with the visit of Chinese premier Wen Jiabao. They reduce the withholding tax on dividends paid out by Chinese companies to 5% from 10%. This will apply to people holding at least 25% shares in a Chinese company and the rate will remain at 10% for other dividends. There has also been a small change in the treatment of royalties, with some royalties being charged at 6%, down from 7%.

Manila, July 16 (CNA) Taiwan’s Ministry of Economic Affairs is asking the country’s businesses to wait patiently for Taiwan to sign economic cooperation pacts with other Southeast Asian countries because Singapore and China are the trade negotiation priorities at present…There are over 8,000 items being discussed in follow-up negotiations with China, and substantive talks are also being held with Singapore, making it hard to give the necessary attention to the Association of Southeast Asian Nations, Shih said…The minister acknowledged, however, that ASEAN was an area with which Taiwan needed to forge a free trade agreement or economic cooperation agreement…

Readers are strongly encouraged to click upon the hyperlinks noted above to read the article in full.

As the ASEAN region continues to thrive economically there appears to be a growing yearning for ASEAN trade agreements from nations outside the region. This news comes shortly after the recent announcement that a sort of pan-ASEAN visa, similar to the Schengen Visa, will be one topic of discussion amongst ASEAN leaders. How any of these events will ultimately play out remains to be seen, but there are certainly those who would speculate that many of the topics noted above are positive developments.

For information pertaining to legal services in Southeast Asia please see: Legal.

Tags: ASEAN, ASEAN Visa, ASsociation of Southeast ASian Nations, China, Chinese companies, Chinese company, Chinese Premier Wen Jiabao, dividends, double taxation treaty, economic cooperation agreement, Free Trade Agreement, International agreements, royalties, Schengen Visa, Singapore, Taiwan Ministry of Economic Affairs, Treaties, Treaty, UK investors
Posted in ASEAN Business, ASEAN Visa, Thailand Business | No Comments »

It recently came to this blogger’s attention that the Chairman of the Joint Chiefs of Staff for the American Armed Forces has apparently traveled to China for talks with leaders in that nation. In order to provide some insight into these developments it is best to quote directly from the official Voice of America website, VOANews.com:

Admiral Mike Mullen, chairman of the U.S. Joint Chiefs of Staff, began a four-day visit to China Sunday for talks with top leaders and high-ranking military officials…Mullen said he will discuss stalled nuclear disarmament talks with North Korea, the Taiwan issue, U.S.-China relations, territorial disputes in the South China Sea and other matters. The admiral is in China at the invitation of Army Chief of the General Staff Chen Bingde…

The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to read this article in detail.

It would appear as though American personnel and Chinese officials are undertaking efforts to discuss sensitive and significant issues which pertain to China, the United States, and possibly the Greater Asia-Pacific region. The ramifications of such discussions could have an impact not only upon US and Chinese policy, but also upon the policies adopted by the member nations of the Association of Southeast Asian Nations (ASEAN, which includes Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam), the so-called BRICS nations (Brazil, Russia, India, China, and South Africa), or APEC (Asia-Pacific Economic Cooperation) members. Hopefully the meetings noted above will result in benefits for all concerned.

In matters pertaining to ASEAN it would appear as though that organization will be holding discussions with the Gulf Co-operation Council (GCC) in order to share ideas regarding a framework for cooperation. To provide detailed information to the reader it is best to quote directly from the Oman Daily Observer website OmanObserver.om:

SALALAH — The Sultanate will host today deliberations of the first meeting of the working team of economic and trade co-operation between the Gulf Co-operation Council (GCC) and Asean states at the level of experts and specialists. The two-day meeting, which will be held here, will discuss a framework agreement for the economic, commercial and investment co-operation, steps to start free trade negotiations between the two sides after the completion of studies and means of exploring investment opportunities on each other’s sides in the fields of construction, services and infrastructure…

This blogger asks readers to click upon the hyperlinks noted above to read about this situation further.

Anytime trade negotiations commence it should be noted that well-drafted trade agreements can have a dramatic and positive impact upon the economies in the jurisdictions which engage in such frameworks. That stated, a well drafted free trade agreement takes time to craft and often comes about only after a relatively protracted period of negotiation. Therefore, those interested in seeing positive developments which further sustainable trade are likely to wait while an acceptable agreement is forged. In a previous posting on this blog it was noted that an American Senator recently proposed a US-ASEAN Free Trade Agreement (FTA) in order to facilitate further trade between the United States of America and the collection of nations which compose the membership of ASEAN. Hopefully all of these proposals culminate in beneficial trade circumstances in the future.

For information related to legal services in Southeast Asia please see: Legal.

Tags: Admiral Mike Mullen, APEC, ASEAN, Asia Pacific Economic Cooperation, ASsociation of Southeast ASian Nations, Brazil, BRICS, Brunei Darussalam, Cambodia, chairman of the U.S. Joint Chiefs of Staff, China, Chinese Army Chief of the General Staff Chen Bingde, GCC, Gulf Co-operation Council, India, Indonesia, Laos, Malaysia, Myanmar, North Korea, nuclear disarmament talks, Philippines, Russia, Singapore, South Africa, South China Sea, Taiwan, Thailand, U.S.-China relations, US-ASEAN Free Trade Agreement, US-ASEAN FTA, Vietnam
Posted in ASEAN Business, China Business, News, Thailand Business | No Comments »

Inflation can be concerning for countries around the globe. In that vein, it recently came to this blogger’s attention that officials in China have apparently decided to raise an important interest rate. For further insight it is necessary to quote directly from the official website of USA Today, USAToday.com:

BEIJING — China raised a key interest rate Wednesday for a third time this year as it tries to cool surging inflation. The benchmark rate for one-year loans will be raised 0.25 percentage points to 6.56%, effective Thursday, the central bank announced. The rate paid on deposits will rise a similar margin to 3.5%. Inflation hit a 34-month high of 5.5% in May and is believed to have risen in June even as an overheated economy cools gradually under the pressure of investment curbs and other controls…

The administration of this blog asks readers to click upon the appropriate hyperlink noted above in order to read this insightful article in full.

In recent months it would seem as though China has had some difficulty controlling inflation. It would appear that the decision noted above has been made in an attempt to reign in rising inflation. In a previous posting on this blog it was noted that economic officials in the Southeast Asian nations of Laos and Cambodia have commented upon the likelihood that inflation would increase in those countries moving forward. Clearly, there exists an overall trend of inflation around the globe, but it remains to be seen whether governmental efforts will be successful in mitigating the ramifications of this economic force.

In related economic news, it appears that officials of the Association of Southeast Asian Nations (ASEAN) are poised to meet with business leaders from the nation of Japan. To shed light upon these unfolding events it may be prudent to quote directly from Yahoo News Singapore at Yahoo.com:

KUALA LUMPUR, July 5 (Bernama) — The Federation of Japanese Chambers of Commerce and Industry in ASEAN (FJCCIA) will hold its fourth annual dialogue with the Secretary-General of ASEAN Secretariat, Dr Surin Pitsuwan, here on Friday. During the dialogue, they will exchange views on tackling business issues associated with Asean”s on-going economic integration, said Takehide Teranishi…

This blogger encourages readers to click upon the relevant hyperlinks noted above to read about this situation in detail.

In a previous posting on this blog it was noted that the ASEAN community had sent a goodwill mission to Japan in response to events which transpired as a result of the tragic Earthquake in March of this year. As Japan remains a substantial economic force in both an Asian and global context it remains an important trading center. Therefore, other countries such as the United States, those within the ASEAN region (Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam), and even the so-called BRICS countries (Brazil, Russia, India, China, and South Africa) seek to maintain strong trade relations with Japan. Hopefully economic benefits derived from the discussions noted above will accrue to the economies of all concerned.

For information regarding legal services in Southeast Asia please see: Legal.

Tags: ASEAN, ASEAN Business News, Asian Business News, Asian Economic News, ASsociation of Southeast ASian Nations, Brazil, BRICS, Brunei Darussalam, Cambodia, China, Dr Surin Pitsuwan, Economic News, Federation of Japanese Chambers of Commerce and Industry in ASEAN, India, Indonesia, inflation, key interest rate, Laos, Malaysia, Myanmar, Philippines, Russia, Secretary-General of ASEAN Secretariat, Singapore, South Africa, Takehide Teranishi, Thailand, Vietnam
Posted in ASEAN Business, Cambodia Business, China Business, Laos Business, Malaysia Business, News, Thailand Business | No Comments »

It recently came to this blogger’s attention that the Kingdom of Thailand may see a female Prime Minister for the first time in that country’s history. In order to provide further insight into these developments it may be best to quote directly from the official website of Reuters, Reuters.com:

Yingluck Shinawatra, a 44-year-old businesswoman who wasn’t even in politics two months ago, is poised to get the top job after the stunning election victory of Puea Thai (For Thais), whose de facto leader is her brother, fugitive ex-premier Thaksin Shinawatra. Yingluck, known as Pou (Crab), the nickname her parents gave her, has never run for office or held a government post, so she has a lot to prove to show she can run the country. But some Thais, especially females, want to give her the benefit of the doubt and see this as a big step for women in a country where they have struggled for equal representation in government…

The administration of this web log encourages readers to click upon the relevant hyperlinks noted above to read further about the details of this story.

The Kingdom of Thailand is a member of the Association of Southeast Asian Nations (ASEAN) and political events occurring in this jurisdiction can have ramifications for the business community in Thailand and Greater Asia. Concurrently, the prospect of a first time election of a female leader in any nation is significant news by any estimate. It should be interesting to see how these events unfold.

In American news, the government of the sovereign State of Minnesota recently shut down and has remained so for a few days. To provide further insight into these events it may be best to quote directly from the official website of CNN, CNN.com:

The government shutdown in Minnesota could drag on for days as a spokeswoman for Gov. Mark Dayton said talks probably won’t happen until after the July 4 holiday. ”I do not expect formal meetings to resume before Tuesday,” Katharine Tinucci said in an e-mail Saturday night. The Minnesota government was forced to shut down Friday for the second time in six years after lawmakers failed to reach a budget agreement before a midnight Thursday deadline…

The administration of this web log encourages readers to click upon the hyperlinks above to learn more.

In a previous posting on this web log the possibility of an American federal government shutdown was discussed, but did not actually occur as American legislators came to a consensus regarding some of the issues associated with the United States budget and this consensus resulted in the American government remaining open. As the United States has a separate sovereignty system the various American States maintain separate governments from that of the federal government. The shutdown of any government can have implications for a State’s economy and therefore it is likely hoped by many around the USA (and the world) that Minnesota’s government can resolve their issues and get back to the business of governing that State.

For related information please see: Legal or US Company Registration.

Tags: American Company Registration, ASEAN, ASEAN news, ASsociation of Southeast ASian Nations, Association of Southeast Asian Nations News, federal government, female Prime Minister, Minnesota government shutdown, Minnesota Governor Mark Dayton, Puea Thai, separate sovereignty, State government, State of Minnesota, States' Rights, Thailand Business, Thailand News, Thaksin Shinawatra, US Company Registration, Yingluck Shinawatra
Posted in American Business, ASEAN Business, Thailand Business, Thailand company | No Comments »

It recently came to this blogger’s attention that media outlets around the globe are discussing the pending elections in the Kingdom of Thailand. In order to provide more insight into these developments it may be best to quote directly from the official website of Channel News Asia, ChannelNewsAsia.com

BANGKOK – Thailand votes on Sunday in a closely fought election seen as pivotal to the future of the deeply divided kingdom, after years of political deadlock and often bloody street protests. The poll is the first major electoral test for the government since mass opposition rallies paralysed Bangkok last year, scaring away foreign tourists and sparking a military crackdown that left about 90 people dead. Now the tense vote could herald a comeback for fugitive former premier Thaksin Shinawatra and his political allies…

This blogger encourages readers to click upon the hyperlinks noted above to learn more on this story.

Politics in Thailand can have ramifications for the economy and the business community. Meanwhile, developments in Thailand can have reverberations throughout the Association of Southeast Asian Nations (ASEAN). This regional grouping is currently having a substantial regional and global impact upon geopolitics. Also, this organization’s ascendancy comes at the same time as international commentators discuss the increasing significance of the so-called BRICS nations (Brazil, Russia, India, China, South Africa). China has also received a great deal of international coverage recently as that nation’s Communist Party celebrated the 90 year anniversary of the Party’s founding. To quote directly from the official website of the Hindustan Times, HindustanTimes.com:

The world’s largest political party, in charge of the world’s fastest-growing economy, marked its 90th anniversary with a prolonged campaign of revolutionary Mao-era lyrics sung in schools, universities and parks. Television stations pulled out soaps and crime shows to air red propaganda. Employees of state-owned companies were told to troop into cinema halls to ensure that the film Founding of the Party, made with 108 actors, could claim blockbuster status…

This blogger asks readers to click upon the hyperlinks noted above to read this insightful article written by Reshma Patil.

As noted previously on this web log, China is becoming an ever more important player in the international economic arena as that nation’s Premier was recently noted for making a trip to Europe and the United Kingdom. In related news it was noted that China has previously announced plans to construct a high speed rail system to connect Southern China with the Thai city of Bangkok. It would appear that a plan is also in place to construct a large Chinese Trading Complex in the Bangkok metropolitan area. How such developments will play out in the future remains to be seen.

For related information please see: Thailand Company.

Tags: ASEAN, ASEAN news, ASsociation of Southeast ASian Nations, Association of Southeast Asian Nations News, Bangkok, Bangkok Metropolitan Area, Bangkok News, BRICS, BRICS News, China, China News, Chinese Trading Complex, foreign tourists, Founding of the Party, high speed rail, high speed rail system, Thailand, Thailand company, Thailand News, Thailand Poll, Thailand Vote, Thaksin Shinawatra, world's largest political party
Posted in ASEAN Business, China Business, Thailand Business | No Comments »

It recently came to this blogger’s attention that it appears Malaysia (a member nation of the Association of Southeast Asian Nations, ASEAN) will not be hosting other ASEAN nations at the Langkawi International Dialogue (LID). To provide further insight it may be best to quote directly from an article written by M. Saraswathi and posted on the website Bernama.com:

KUALA LUMPUR, June 19 (Bernama) — There are no plans to include Asean nations in the Langkawi International Dialogue (LID) as it will be too big to manage, Prime Minister Datuk Seri Najib Tun Razak said today. Malaysia would maintain the present dialogue format between the African and Caribbean countries, he said. “No. We don’t want too many countries to be involved. We will maintain the present format of African and Caribbean countries,” he said when asked if Malaysia intends to include Asean countries in LID at a press conference here today. This year’s dialogue is being attended by African leaders such as Zimbabwe’s President Robert Mugabe, Prime Minister Pakalitha Bethuel Mosisili of Lesotho, Swaziland Prime Minister Barnabas Sibusiso, Ugandan Vice-President Edward Sekandi and Kenyan Vice-President Stephen Kalonzo…

The administration of this web log strongly encourages readers to click upon the appropriate hyperlinks noted above to learn more from this insightful article.

In this blogger’s opinion, one of the positive aspects of the ASEAN community, for the membership, is a sort of general flexibility. It could be inferred from the quotation above that Malaysia has a strong trade relationship with certain countries in Africa and the Caribbean. Such relationships make the Malaysian economy rather unique compared to her other counterparts in the ASEAN community. This uniqueness would seem to create various levels of comparative advantage for the Malaysian economy. Concurrently, the other jurisdictions of ASEAN (Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, and Vietnam) are able to receive a kind of refractive benefit from Malaysia’s strong trade relations in Africa and the Caribbean since ASEAN nations are able to streamline their direct trading with Malaysia herself. How ASEAN will evolve in the future remains to be seen, but it is clear that ASEAN is quite unique amongst the various regional organizations around the globe. Hopefully, this uniqueness will result in tangible benefits for the citizenry of the various ASEAN countries and for ASEAN’s trading partners as well.

On a related note, China was in the news recently as it is being reported that China is expanding her foreign reserves into non-dollar denominated assets. To shed further light upon these developments it may be best to quote directly from an article written by Jamil Anderlini and Tracy Alloway and posted to the Financial Times website, FT.com:

China began diversifying away from the US dollar in earnest in the first four months of this year, most likely by buying far more European government debt than US dollar assets, according to estimates from Standard Chartered Bank. China’s foreign exchange reserves expanded by around $200bn in the first four months of the year, with three-quarters of the new inflow invested abroad in non-US dollar assets, the bank estimated. “It certainly appears that China’s finally following through on its policy to diversify its foreign reserve holdings away from the US dollar,” said Stephen Green, the bank’s chief China economist.

This blogger asks readers to click upon the relevant hyperlinks above to find out further details. Frequent readers of this web log may recall that the United States and China are apparently cooperating with regard to ASEAN engagement, but this news came amidst announcements that China had divested rather sizable holdings in US Treasuries. As China continues to show further economic dominance on the global stage it will likely prove interesting to see how this nation invests her financial resources. Hopefully as China and ASEAN continue their economic growth it will accrue to the benefit of all concerned.

For information related to immigration from Asia please see: K1 Visa Thailand or Legal.

Tags: Africa, ASEAN, ASEAN news, ASsociation of Southeast ASian Nations, Association of Southeast Asian Nations News, Brunei Darussalam, Brunei Darussalam News, Burma, Burma News, Cambodia, Cambodia news, Caribbean, China, China News, Indonesia, Indonesia News, Kenyan Vice-President Stephen Kalonzo, Langkawi International Dialogue, Laos, Laos news, LID, Malaysia, Malaysia News, Myanmar, Myanmar News, non-US dollar assets, Philippines, Philippines News, Prime Minister Datuk Seri Najib Tun Razak, Prime Minister Pakalitha Bethuel Mosisili of Lesotho, Singapore, Singapore News, Standard Chartered Bank, Swaziland Prime Minister Barnabas Sibusiso, Thailand, Thailand News, Ugandan Vice-President Edward Sekandi, US Treasuries, Vietnam, Vietnam News, Zimbabwe President Robert Mugabe
Posted in ASEAN Business, Cambodia Business, China Business, Laos Business, Malaysia Business, Myanmar (Burma) Business, Thailand Business | No Comments »

It recently came to this blogger’s attention that the nations of China and India have made arrangements to resume military exchanges. In order to provide further insight to the reader it may be best to quote directly from the Associated Press on the official website of Yahoo, Yahoo.com:

BEIJING – An Indian general led a delegation to Beijing on Sunday as the two countries moved to resume exchanges between their militaries after a yearlong freeze. Maj. Gen. Gurmeet Singh and seven accompanying officers arrived in Beijing on Sunday for a weeklong visit that will also include meetings with Chinese counterparts and stops in the business and shipping hub of Shanghai and the far-northwestern territory of Xinjiang. Such exchanges were suspended by India last year in protest over China’s decision to issue visas to Indians from disputed Kashmir in the form of a document stapled into their passports rather than a stamp. The decision appeared to question the legitimacy of Indian rule in Kashmir and was considered a concession to Pakistan, India’s arch rival with which China maintains close ties…

Readers are encouraged to click upon the hyperlinks noted above to read this story in full.

It is not difficult to infer that a resumption of military exchanges between China and India could have ramifications for virtually all countries around the world, at least to some degree. This is certainly important information for those who live in either India or China. The same could also be said for those living in Greater Asia as the resumption of military exchanges could have an impact upon the geopolitics of the whole continent. Meanwhile, those living in one of the jurisdictions which comprise the Association of Southeast Asian Nations (ASEAN) are prudent to note these developments as both of these countries are likely to be increasingly important trading partners with that organization in the future. Furthermore, it should be noted that China and India are currently associated with the so-called BRICS (Brazil, Russia, India, China, and South Africa) grouping of countries which many consider to be of increasing importance on the world stage.

With ASEAN in mind, the reader should note that China and India are not the only jurisdictions that are engaging in military exchanges as it recently came to this blogger’s attention that the United States Navy is conducting a naval exercise in conjunction with some of the ASEAN member states. To quote directly from an article written by Gilbert P. Felongco and posted on the official website of GulfNews.com:

Manila: The US Navy is conducting a naval exercise with its forces from the five member states of the Association of Southeast Asian Nations (Asean) amid rising tensions in the troubled South China Sea. Dubbed the Southeast Asia Cooperation and Training (Seacat) 2011, the drills were launched last Tuesday in the Malacca Strait, Sulu Sea and Celebes Sea and will run until Friday…The drills will focus on real-time information exchange, coordinated surveillance operations, tracking, and eventual conduct of visit, board, search and seizure operation, he said…

Those reading this web log are strongly encouraged to click upon the relevant hyperlinks noted above to learn more on this developing story.

The United States Armed Forces have been known to conduct exercises in many places and it would appear that the exercise noted above is designed to coordinate efforts between ASEAN members and the United States. Readers in the Kingdom of Thailand may note that the United States routinely works with the Thai military in undertaking exercises such as Operation Cobra Gold. Hopefully all such endeavors will accrue to the benefit of all concerned in the USA, Thailand, ASEAN, China, India, and Greater Asia.

For information related to doing business in Thailand please see: Legal.

Tags: American News, ASEAN news, ASsociation of Southeast ASian Nations, Beijing, Brazil, BRICS, BRICS News, Celebes Sea, China, China News, India, India News, Kashmir, Maj. Gen. Gurmeet Singh, Malacca Strait, military exchanges, Pakistan, Philippines News, Russia, Seacat, South Africa, South China Sea, Southeast Asia Cooperation and Training, Sulu Sea, Thailand News, United States Armed Forces, United States Navy, US News, Xinjiang
Posted in American Business, ASEAN Business, Brazil Business, Cambodia Business, China Business, India Business, Laos Business, Malaysia Business, Myanmar (Burma) Business, Russia Business, South Africa Business, Thailand Business, US Mission ASEAN, Vietnam Business | No Comments »

It recently came to this blogger’s attention that the Chinese President has traveled to the nation of Russia for a State visit. It would appear as though this meeting is intended to facilitate greater cooperation between these two important countries. In order to provide further insight it may be best to quote directly from the People’s Daily Online, PeopleDaily.com.cn:

Chinese President Hu Jintao arrived in Moscow on Wednesday for a state visit aimed at deepening pragmatic cooperation between China and Russia. Hu said in a statement released upon his arrival at the airport that his visit intends to inject fresh impetus into the sustained, healthy and stable growth of the China-Russia strategic partnership of cooperation…

The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to learn more.

It is clear that China is becoming an increasingly significant player in the realm of geopolitics, international economics, and finance. Meanwhile, Russia remains a key player in both the European region and also in Northern Asia. Both of these countries have substantial economies. Therefore, the ramifications of Sino-Russian policies could impact the United States of America, the Kingdom of Thailand, and the broader Association of Southeast Asian Nations (ASEAN). At the time of this writing it remains to be seen whether this meeting will culminate in tangible results, but certainly it is important for those interested in Russo-Chinese relations. The reader may be interested to note that there have been recent announcements that a large Chinese Trading Complex is to be erected in Bangkok, Thailand.

The news about the Chinese President’s trip comes at the same time as an announcement in Britain regarding a new financial policy  that some are referring to as a “British Glass-Steagall” (an allusion to an American piece of legislation of the same name).  To shed further light upon this issue it may be best to quote directly from Yahoo Finance at Yahoo.com:

Finance minister George Osborne announced a major overhaul of Britain’s banks, approving a separation of their retail and investment businesses to help avoid another global financial crisis. In a high-profile address to finance leaders in central London, Osborne also announced that Northern Rock would be privatised three years after it was nationalised to save it from collapse as the global financial crisis hit. Osborne backed the findings of the government-appointed Independent Commission on Banking (ICB) which earlier this year called for a “ring-fencing” of retail businesses. “Today I have told the Commission that the government endorses both these proposals in principle… We will make these changes to banking to protect taxpayers in the future,” he said.

This blogger asks readers to click on the hyperlinks above to read this article in full.

Although geographically small, financial events that transpire in the United Kingdom can have a substantial effect upon the global economy as a whole. This statement is also true in the context of Asia as events (particularly in the financial realm) transpiring in the UK have implications for Asian jurisdictions. Hopefully the newly proposed measures will have a beneficial impact upon the British economy as well as the other economies around the world.

For related information please see: Thailand Company Registration.

Tags: ASEAN, ASsociation of Southeast ASian Nations, British Glass-Steagall, China, Chinese Trading Complex, Finance minister George Osborne, Hu Jintao, Independent Commission on Banking, investment banking, Nationalization, Northern Rock, Privatization, retail banking, Russia, Russo-Chinese relations, Sino-Russian relations, St. Petersburg International Economic Forum
Posted in American Business, China Business, Russia Business, Thailand Business, US Embassy China, US Embassy Russia | No Comments »

It recently came to this blogger’s attention that the value of trade between China and the Association of Southeast Asian Nations (ASEAN) is expected to increase significantly in the coming months and years. In order to provide further insight into this issue it may be best to quote directly from a recent article posted on the website English.cri.cn:

Trade value between China and ASEAN nations is expected to top 300 billion U.S. dollars this year as the Free Trade Area (FTA) continues to offer boosts, said Xu Ningning, the executive secretary general of China-ASEAN Business Council. The FTA, which started operation since the beginning of last year, has boosted economic exchanges between China and the ASEAN (Association of Southeast Asian Nations) member states, Xu said Sunday at a forum in Kunming, capital of Yunnan Province. The estimated amount will be higher than the 292.8 billion U.S. dollars registered between the two sides in 2010, up 37.5 percent from a year earlier. Customs data showed that in the first four months of this year, trade value between China and ASEAN nations rose 26.5 percent year-on-year to 110.2 billion U.S. dollars…

The administration of this web log strongly encourages readers to click upon the relevant hyperlinks noted above to learn more.

The ASEAN community includes the following jurisdictions: Brunei, Indonesia, Malaysia, Philippines, Singapore, the Kingdom of Thailand, Vietnam, Laos, and the Kingdom of Cambodia. Many feel that these jurisdictions have a great deal of potential for economic growth in the future. Meanwhile, as can be gathered from the quotation above, China remains a vibrant economic actor which has been engaging the ASEAN economies. In previous postings on this blog it was noted that the United States of America and China are committed to cooperation in ASEAN engagement. Concurrently, China appears poised to create a rail link between Thailand and Greater China while a billion dollar Chinese trade complex is to be erected in Bangkok. In that vein, the Prime Minister of Malaysia was recently noted for discussing ASEAN relations with both China and India. To quote directly from the official website of Business Standard, Business-Standard.com:

After a speech calling for the establishment of a new multilateralism where nations, especially Asia, would not have to take sides between the United States and China, Malaysian Prime Minister Najib Razak has said the 10-member Association of Southeast Asian Nations (Asean) would not need to choose between India and China. “Asean is located between two great civilisations, China and India. Both these countries, as part of the Asean architecture, the Asean +3 and the East Asia Summit, are quite happy to accept Asean as the centrality in the whole process,” Najib said in reply to a question at the opening of the International Institute for Strategic Studies Asian Security Summit: The Shangri La Dialogue. “Both these two countries want to engage constructively with Asean and (are) looking at ways and means of increasing their trade, investment and other forms of exchanges with the Asean countries. In short, I am quite optimistic we can develop a meaningful and constructive relationship with India and China,” he added…

In a geopolitical sense, the Association of Southeast Asian Nations (ASEAN) is positioned so as to enjoy trade benefits with both India and China, two of the world’s economies which are expected to show tremendous economic growth in the coming days, months, and years. This observation is made at a time when an inauguration of the Cambodian Securities Exchange is expected. To quote directly from the official website of Xinhua, Xinhuanet.com:

PHNOM PENH, May 30 (Xinhua) — Cambodia is scheduled to inaugurate the long-awaited Cambodia Securities Exchange (CSX) on July 11, according to the statement of the finance ministry released to the media on Monday. And the first securities trading will begin towards the end of 2011, added the statement dated on May 26…

The administration of this web log strongly encourages readers to click upon the hyperlinks above to read this article in detail. This blogger must point out that, although noted in the aforementioned article, it would seem that actual trading on the Cambodian Stock Exchange is apparently not expected to commence upon the exchange’s inauguration. To further elucidate this point it may be best  to quote directly from the official website of the Reuters News Service, Reuters.com:

May 30 (Reuters) – Trading on Cambodia’s long-awaited stock exchange, which was scheduled to start in July, has been delayed yet again until the end of the year because companies planning listings need more time to comply with regulations, operators said on Monday. Ek Sonn Chan, director general of state-owned Phnom Penh Water Supply Authority (PPWSA), said there were many details still to be ironed out but his company was going ahead with plans for a $20 million flotation…

The administration of this web log asks readers to click upon the hyperlinks above to read this story in further detail as it may provide further perspective upon these developments.

Clearly, there appear to be some bumps in the road toward getting this exchange operational. As with many things in Southeast Asia, it often takes a significant amount of time to undertake a substantial project such as the opening of a stock exchange. Interested parties are encouraged to conduct research into this issue until such time as the exchange’s trading operation is confirmed.

For related information please see: Legal.

Tags: 300 billion U.S. dollars, ASEAN, Asean +3, ASsociation of Southeast ASian Nations, Brunei, Cambodia, Cambodian Securities Exchange, Cambodian stock exchange, Cambodian Stock Exchange inauguration, China-ASEAN, China-ASEAN Business Council, Chinese Trade Complex, Chinese-Thai High Speed Rail, CSX, East Asia Summit, Ek Sonn Chan, Free Trade Area, FTA, high speed rail link, Indonesia, International Institute for Strategic Studies Asian Security Summit, Khmer, Kingdom of Cambodia, Kingdom of Thailand, Kunming, Laos, Malaysia, Malaysian Prime Minister Najib Razak, multilateralism, Philippines, Phnom Penh Water Supply Authority, PPWSA, rail link, railroad, Singapore, Sino-Thai Railway, Thai, Thailand, The Shangri La Dialogue, Vietnam, Xu Ningning, Yunnan Province
Posted in ASEAN Business, Cambodia Business, China Business, India Business, Malaysia Business, Thailand Business | No Comments »

It recently came to this blogger’s attention that there may be some geopolitical tensions arising in Asia in connection to issues associated with the use of water. To quote directly from a very insightful article apparently written by Santha Oorjitham of the New Straits Times and posted by chellaney on the blog Stagecraft and Statecraft:

[T]he lower Mekong states of Thailand, Cambodia, Laos, and Vietnam have a water treaty. India has water-sharing treaties with both the countries located downstream — Bangladesh and Pakistan. There are also water treaties between India and its two small upstream neighbours, Nepal and Bhutan. But China, the dominant riparian power of Asia, refuses to enter into water-sharing arrangements with any of its neighbours. Yet China enjoys an unrivalled global status as the source of trans-boundary river flows to the largest number of countries, ranging from Vietnam and Afghanistan to Russia and Kazakhstan…

The administration of this web log strongly encourages readers to click upon the relevant hyperlinks above in order to read more from this fascinating article. For readers who are unfamiliar with matters pertaining to Asia, particularly Southern Asia or Southeast Asia, it should be noted that water issues can be extremely important for Asian political actors and policy makers. Issues associated with water can have ramifications upon the economies, political institutions, and business environments in Asia and around the globe. As regional associations such as the Association of Southeast Asian Nations (ASEAN) and nations such as India and China begin to become increasingly important players on the international stage it stands to reason that water issues pertaining to Asia will be considered increasingly important by those seeking news and information about the area.

Meanwhile it also recently came to this blogger’s attention that the United States Citizenship and Immigration Service (USCIS) is taking measures in an effort to transform that agency into a more electronic environment compared to the current primarily paper-based environment in which it now apparently finds itself. To quote directly from a USCIS Executive summary as posted upon the website ILW.com:

U.S. Citizenship and Immigration Services (USCIS or Agency) is undertaking an agency-wide effort to move immigration services from a paper-based model to an electronic environment. This effort is known as USCIS Transformation. Transformation will deliver a simplified, Web-based system for benefit seekers to submit and track their applications. The new system is account-centric and will provide customers with improved service. It will also enhance USCIS’s ability to process cases with greater precision, security, and timeliness. In March 2011, the Office of Transformation Coordination and the Office of Public Engagement hosted a series of listening sessions and webinars with participants representing customers, attorneys and community-based organizations (CBOs). The purpose of these listening sessions was to inform USCIS about the benefits and challenges of moving to an electronic environment…

Those interested in learning further about this transformation from the USCIS Executive Summary are well advised to click upon the relevant hyperlinks above to find out more.

This blogger is personally pleased to see the United States Citizenship and Immigration Service (USCIS), an agency under the jurisdiction of the Department of Homeland Security, taking measures to create a more efficient system for adjudication of immigration and visa related petitions or applications. Frequent readers of this blog may have taken note of the fact that USCIS is the initial adjudicator of petitions for the K-1 visa (US fiance visa) as well as the CR-1 visa (US Marriage Visa) and the IR-1 visa. Hopefully, USCIS’s transformation will result in more streamlined processing of the aforementioned petitions.

For related information please see: US-Thai Treaty of Amity or Consular Processing

Tags: Afghanistan, ASEAN, ASsociation of Southeast ASian Nations, Bangladesh, Cambodia, CR-1 visa USCIS, Department of Homeland Security, IR-1 visa USCIS, K-1 visa USCIS, Kazakhstan, Laos, Nepal, Office of Public Engagement, Office of Transformation Coordination, Pakistan, Riparian, Riparian Power in Asia, Russia, Thailand, United States Citizenship and Immigration Service, USCIS, USCIS Transformation, Vietnam, Water, Water Rights, water treaty, water-sharing treaties
Posted in ASEAN Business, Cambodia Business, China Business, CR1 Visa, India Business, IR1 Visa, K1 Visa, K2 Visa, Laos Business, Myanmar (Burma) Business, Russia Business, Thailand Business, US Consulate ChengDu, US Consulate Chennai, US Consulate Guangzhou, US Consulate HCMC, US Consulate Hong Kong, US Consulate Hyderabad, US Consulate Kolkata, US Consulate Macau, US Consulate Mumbai, US Consulate Shanghai, US Consulate Shenyang, US Consulate Vladivostok, US Consulate Wuhan, us embassy bangkok, US Embassy Bangladesh, US Embassy Beijing, US Embassy Cambodia, US Embassy China, US Embassy Dhaka, US Embassy Hanoi, US Embassy India, US Embassy Islamabad, US Embassy Laos, US Embassy Nepal, US Embassy New Dehli, US Embassy Pakistan, US Embassy Phnom Phen, US Embassy Russia, US Embassy Vietnam, USCIS, Vietnam Business | No Comments »