India plans to propose the imposition of “safeguard tax” on imports to better protect domestic industries as part of the long-awaited Regional Comprehensive Economic Partnership (RCEP), which is supposed to reduce trade barriers. A government source cited a news report in India that says New Delhi wants the 16 RCEP members to adopt the proposal […]
Read MoreTo reduce Myanmar’s dependence on imported steel, plans are being made to increase local production with Chinese technology say industry officials. “Local steel consumption relies heavily on imports rather than local production as only 10 percent of what the local market needs is produced locally while the 90 percent is imported,” said U Tin Myint, […]
Read MoreMANILA, Philippines — The Duterte administration’s Build Build Build program generated about three million additional jobs last year, according to the Department of Finance (DOF). During a lunch meeting with lawmakers, economists and former finance chiefs last Friday, Finance Secretary Carlos Dominguez said the government would continue to accelerate the implementation of its massive infrastructure […]
Read MorePETALING JAYA: The second largest tobacco company in the country will be undertaking a significant downsizing exercise, just two years after it shut down its manufacturing plant. According to sources, JT International Bhd (JTI Malaysia) is looking at trimming its workforce by about 40%, or around 170 people, over the next two years. While the […]
Read MorePlastic is omnipresent in Thailand. It’s found everywhere, from luxury shopping malls to 7-Eleven convenience stores, on almost every street corner and beneath the skin of some individuals. It’s even inside the stomachs of much marine life. The unprecedented death rate of dugongs and microplastics found in mackerel have sparked alarm among happy-go-lucky Thais, with […]
Read MoreCambodia needs to focus on infrastructure development if it wants its shipping and logistics industry to move forward. In a presentation during the 17th Asean Ports & Shipping Expo at NagaWorld Hotel & Casino, Primo Ye, country manager of Maersk (Cambodia) Ltd, said that, of all the challenges in the sector, it is the infrastructure […]
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