China has reduced import tax on 1,585 products from an average of 10.5 per cent to 7.8 per cent, effective since November 1 last year, in order to drive Thai exports to China, the International Trade Promotion Department of Commerce Ministry reported yesterday. The department said that potential export products to China include garment, ceramic, […]
Read MorePresident Joko “Jokowi” Widodo announced on Monday fiscal incentives for the development of electric cars by lowering the luxury goods tax (PPnBM), while Industry Minister Airlangga Hartarto said the government would cut to zero the import duty for electric vehicles. Finance Minister Sri Mulyani Indrawati, meanwhile, explained that the government was preparing a presidential regulation […]
Read MoreAS the Japanese government begins accepting more foreign workers from April, various measures are being considered or taken to prepare for the move in nine Asian countries with which the government plans to sign bilateral accords. Such measures include forming new contracts with the Japanese side and increasing study programmes about Japan, with the aim […]
Read MoreBORDER trade between Myanmar and its neighbours during the October-December quarter amounted to more than US$2 billion, down by $71 million, or 3.2 percent from the same period in 2017, according to the Ministry of Commerce. The fall was mainly due to a $563 million drop in trade value at the China-Myanmar border to just […]
Read MoreMANILA, Philippines — Credit ratings of five Philippine banks are in danger after they were exposed to what could be the biggest corporate default in Philippine history, as this could mean higher credit costs and reduction in profit, Moody’s Investors Service said. The Philippine unit of South Korean shipbuilder Hanjin last week filed for court […]
Read MoreDEVELOPERS in Singapore sold 602 private homes in December last year, about half the 1,201 units moved in November. However, December’s tally was about 40 per cent higher the 431 units booked from the corresponding month a year ago. Of the 602 units sold, 16 were in the core central region (CCR), 293 were in the […]
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Thailand
