SINGAPORE: Global central bankers sounded the alert that a trade war would leave them worrying more about the economic fallout than any boost tariffs would give to inflation. As President Donald Trump threatens to impose levies on imported steel and aluminium and duties on as much as US$150bil of Chinese goods, uncertainty over global commerce […]
Read MoreKUALA LUMPUR: The ringgit opened marginally lower against the US dollar today on a lack of market demand, a dealer said. At 9.21 am, the local unit was quoted at 3.8980/9010 from 3.8950/8000 recorded at Friday’s close. OANDA Head of Trading Asia-Pacific, Stephen Innes said the US 10-year yields are approaching three per cent and […]
Read MoreJack Ma’s flagship unit Alibaba has asked the Thai government to raise the maximum 1,500-baht import duty exemption in a push that could boost the country’s demand for imported goods and cut customs officials’ workload. The e-commerce giant has signed deals to splash more than 10 billion baht in investment in Southeast Asia’s second-largest economy. A […]
Read MoreThe government is preparing a regulation on incentive packages for investors of small and medium enterprises (SMEs), as investments of this nature were not covered in the newly introduced policy on tax holidays. Finance Ministry Regulation No. 35/2018 stipulates that investors must contribute a minimum of Rp 500 billion (US$ 35.98 million) to apply for […]
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Thailand
