Representatives of two business associations have called on the government to lower the rate of corporate income tax so they can manufacture products that can compete in the global market. They claim that the 25 percent tax rate means Indonesian products cannot compete in the global market because neighboring countries have lowered the income tax rate. Chairman of the Association of […]
Read MoreThailand‘s manufacturing production index (MPI) in February unexpectedly dropped 1.6% from a year earlier, led by lower production of steel, computers and rubber products, the Industry Ministry said on Tuesday. That compares with a forecast rise of 0.52% in a Reuters poll, and against January’s 0.18% increase. Capacity utilisation was at 69% in February, down from January’s […]
Read MoreKUALA LUMPUR: The ringgit opened higher against the US dollar in early trade amid the likelihood of a US dollar weakness, a dealer said. At 9.10 am (0110 gmt), the local currency traded at 4.0640/0680 compared with yesterday’s close of 4.0670/0700. He said trade tensions on the US-China trade front could put a floor to […]
Read MoreJAKARTA: Indonesia‘s government said on Monday it will encourage the country’s palm oil companies to file lawsuits against the European Union if the bloc goes ahead with a plan to phase out use of the commodity in renewable transport fuel. Indonesia, the world’s biggest palm oil producer, has strongly condemned the EU move to classify palm as a crop that causes […]
Read MoreLazada Group, a Singapore-based online shopping and selling platform, and Mastercard have entered into a five year partnership to develop Southeast Asia’s e-commerce ecosystem. The companies will jointly develop marketing and education campaigns to increase consumer confidence. They will also develop new reward schemes to incentivise the use of digital payments. Lazada will be able […]
Read MoreMyanmar’s parliament has enacted the Occupational Safety and Health (OSH) Law to promote safe and secure working environments for labourers and workers. The new law, signed by President U Win Myint on March 15, is expected to pave the way for the first legally-established health and safety standards in the country. It stipulated that OSH standards will […]
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