Malaysia exports ports
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Malaysia: January exports exceed forecast, boost from China, Thailand

KUALA LUMPUR: Malaysia’s exports in January 2019 rose at a faster-than-expected pace of 3.1% year-on-year (y-o-y) to RM85.4bil, underpinned by expansion in exports to China, Thailand and South Korea, compared with a Bloomberg survey of a 0.6% contraction. The Statistics Department announced on Monday re-exports were valued at RM17.5bil (+0.4%) and accounted for 20.5% of total exports. Domestic […]

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Consumerism in Southeast Asia

Southeast Asia’s rapid urbanisation and increasing affluence has led to concerns about the growth of consumerism and its impact on sustainability. Consumerism is the constant purchasing of goods and services not termed as needs such as food, water, clothing and shelter and follows changing trends and fashion. Driving market forces, consumerism has become a way […]

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Law changes to make Vietnam more appealing to foreign investors

The Hanoitimes – With continuous improvement in the investment environment to facilitate investors and businesses, the revised law will also create good conditions for foreign investors to join the Vietnamese market The Vietnamese government’s revision of the Investment Law to further improve business and investment environment will make the country more attractive to foreign investors, experts […]

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Philippines: Taxes to be collected from foreign workers

Various government agencies are now working closely to ensure that foreigners working for offshore gaming operators are paying income taxes, the Finance department said on Sunday. In a statement, the department quoted Finance Secretary Carlos Dominguez 3rd as saying that the list of foreign nationals working for service providers of Philippine offshore gaming operations (POGO) […]

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Malaysia: Minimum wage based on sectors in 2 years

IPOH: The government will start implementing minimum wage according to sectors in the next two years, said Human Resources Minister M Kula Segaran. He said under the National Wages Consultative Council Act (NWCC) 2011, a review of the minimum wage should be carried out every two years. “Many people are unaware that matters on wages […]

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India to deepen ties with Asean

India is expected to strengthen economic ties with Thailand and the Asean region in 2019 through joining the Regional Comprehensive Economic Partnership (RCEP) and its participation in the on-going trilateral highway project.   “Despite India’s concerns about its trade deficits with Asean countries and China, it would be missing out on a key economic opportunity […]

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