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E-commerce and logistics sector tops warehouse occupancy in Singapore: Colliers

THE e-commerce and logistics sector accounted for 44 per cent – the biggest chunk – of occupied warehouse space in Singapore, according to a Colliers International report on Thursday. The third-party logistics (3PL) and logistics sector comprise e-commerce firms, freight forwarders, transport agents, supply chain and logistics support companies, delivery services and storage services. Other warehouse […]

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Malaysia: Digital tax can rake in RM2.4bil a year

PETALING JAYA: Tax revenue could increase by more than RM2.4bil a year should foreign digital service providers register for the 6% service tax that is set to be implemented from Jan 1 next year. “We are expecting the big boys to start registering with us. The registration (with the customs department) started yesterday and we […]

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Philippines: 70% tariff on rice imports pushed

MANILA, Philippines — The government should impose up to 70 percent tariff on rice imports amid the deluge of cheap imports that continue to dampen prices of unhusked rice, according to the Philippine Chamber of Agriculture and Food Inc. The PCAFI said a tariff rate of at least 70 percent should be reasonable enough to […]

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Vietnam c.bank rules out devaluing currency

The Hanoitimes – Devaluing the dong must take into account trade turnover, foreign debt, current account, so as to ensure the highest national interest and stability of the market, according to the State Bank of Vietnam. Vietnam would not consider using the USD/VND exchange rate as a tool to boost exports, but taking into account a […]

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Thailand: Central Group readies IPO for retail division

Central Retail Corporation Plc, the retail arm of Central Group, the country’s biggest mall operator, is offering a combined 2.23 billion shares, 1.62 billion of which will be new ordinary shares, as part of an initial public offering (IPO). According to the company’s filings submitted to the Securities and Exchange Commission (SEC) on Tuesday, 1.62 […]

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