KUALA LUMPUR: Malaysia’s economy is vibrant and stable, with a sufficient foreign currency reserve, said Chinese Ambassador Bai Tian. The increasingly stronger Ringgit and a 14.8% growth of foreign trade in 2017, he said, resulted in different international finance agencies adjusting the forecast of Malaysia’s growth rate as China believe in its potential. Speaking at […]
Read MoreSINGAPORE: Asian currencies are cheap in historical trade-weighted terms despite a steady rise to multi-year highs over the past year on broad U.S. dollar weakness and strong flows into the region, analysts say. Malaysia’s ringgit, for instance, has appreciated more than 15 percent against the dollar since the beginning of 2017, but in real effective […]
Read More“This is bad news for Myanmar. It will undermine Myanmar’s sovereignty and empower multinational corporations,” said Dr Charlie Thame from Thammasat University. CRITICS questioned Beijing’s decision to set up three commercial courts in China to resolve Belt and Road-related project disputes, arguing that legal disagreements involving transnational investors should be settled in host states or […]
Read MoreThe Hanoitimes – The Ministry of Industry and Trade (MoIT) will conduct the first review of anti-dumping duties on a number of imported galvanized steel products. The ministry announced that applications for the review must be sent to its investigation agency before March 8 this year. Previously, in last March, the ministry issued Decision No.1105/QD-BCT on […]
Read MoreSmall and medium-sized enterprises (SMEs) with annual sales of up to 100 million baht in 17 provinces where the daily minimum wage will be raised by an average of five baht will enjoy a double windfall from the government’s measure that lets them deduct expenses for minimum wages. The tax deduction is 1.15 times expenses, […]
Read MoreThe government is revising a regulation on tax holidays and tax allowances to simplify the procedures to obtain such facilities in hopes of garnering interest from businesspeople. Industry Minister Airlangga Hartarto blamed complicated procedures for the reluctance of businesspeople to apply for the facilities. “Obtaining the incentives is not simple,” said Airlangga in Jakarta on Wednesday as quoted […]
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Thailand
