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Indonesia, EFTA sign long delayed free trade deal

JAKARTA: Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations. Under the deal, tariffs and non-tariff barriers would be eliminated for thousands of products traded between Indonesia and the EFTA countries – Switzerland, Liechtenstein, Norway and Iceland, according to government statements. Among those products, Indonesian […]

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Thailand: New land tax bill nears NLA approval

Deputy Finance Minister Wisudhi Srisuphan has hailed the bill on land and buildings tax, which is on the verge of sailing through the National Legislative Assembly (NLA), as a significant overhaul of the tax structure.  Mr Wisudhi said that once the bill becomes law, it will help boost effective use of land and inject more money […]

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Singapore non-oil exports jump 8.3% in October

SINGAPORE’S non-oil domestic exports (NODX) jumped 8.3 per cent in October over a year ago, extending September’s 8.1 per cent rise – thanks to an increase in non-electronic NODX which overweighed a continued dip in electronic domestic exports. Non-electronic NODX grew 12.8 per cent after rising 11.8 per cent in the previous month, while electronic […]

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Illicit imports threaten Myanmar’s e-commerce players

The commerce ministry committed to developing the country’s nascent e-commerce sector as a means to boost trade and create jobs, but the lack of infrastructure and rampant illicit trade pose a serious threat to the emerging industry. The report from the United Nations Conference on Trade and Development (UNCTAD) titled “Rapid eTrade Readiness Assessment of Myanmar” […]

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