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Business interruptions, cyber incidents top risks to Singapore firms in 2019: Poll

SINGAPORE firms say business interruptions (BIs) and cyber incidents are the biggest risks they face this year according to a survey by Allianz Global Corporate & Specialty (AGCS). Of the 200 Singapore respondents to its Allianz Risk Barometer 2019 poll, 43 per cent selected BIs and 42 per cent cite cyber incidents as the top risk, outpacing fire and natural catastrophes. In total, 2,415 respondents from 86 […]

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Southeast Asia: A bright spot for global investors hid

ASK MANY American, German or Canadian businesses or investors about “Asian business opportunities,” and they are likely to think “China,” and perhaps “India.” Southeast Asia – home to countries including Indonesia, Malaysia, Singapore and the Philippines – is likely to be an afterthought.  That is a pity. After all, this fast-growing region is worth a […]

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Vietnamese exports to be sold via Amazon

HANOI — The Vietnam Trade Promotion Agency under the Ministry of Industry and Trade will work with Amazon to help Vietnamese small and medium-sized enterprises (SMEs) join the firm’s e-commerce system. Vietnam Trade Promotion Agency and Amazon Global Selling organised an event to announce the co-operation with the company in Hanoi on Monday. Besides supporting Vietnamese enterprises with export promotion via international exhibitions or […]

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China cuts import tax to drive Thai exports

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, […]

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Indonesia: Govt to cut to zero import duty for electric vehicles

President 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 […]

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