The Industry Ministry is seeking to increase the role of small and medium enterprises (SME) in supplying raw materials for big businesses, as the government wants to reduce reliance on imported goods. A program that runs from July 1-15 aims to prepare selected SMEs by helping them with brand registration, packaging as well as with […]
Read MoreThe EVFTA will abolish 65 per cent of the duties on EU exports to its developing partner, with the remainder phased out over a 10-year period. The announcement was made by the European Commission in a notice published on Tuesday. The EVFTA will abolish 65 per cent of the duties on EU exports to its […]
Read MoreMalaysia, the world’s second largest palm oil producer, will take legal action against the European Union’s restrictions on palm oil-based biofuels with the World Trade Organization (WTO), calling the policy a “discriminatory action”. Plantation Industries and Commodities Minister Mohd Khairuddin Aman Razali said on Wednesday the EU’s renewable energy directive “restricts free trade practices”. “The […]
Read MoreEuropean countries have agreed to postpone Myanmar’s loan repayments totalling around US$100 million due this year. The bloc urges China to do the same. Austria, Finland, France, Germany, the Netherlands and Poland have deferred repayments totalling $98 million including interest for the May to December 2020 period. The debt amount comprises 20 percent of Myanmar’s […]
Read MoreAlong with implementing better provisions against credit risks, commercial banks are stepping up the sale of mortgaged assets to collect debts. Commercial banks have been offering to sell mortgaged assets, from high-end apartments, land and townhouses to cars, equipment and production workshops, in order to collect debts. The Vietnam Asset Management Company (VAMC) has also […]
Read MoreGENEVA: Global tourism revenues are expected to fall by up to US$3.3 trillion due to Covid-19 restrictions, with Thailand standing to lose $47 billion, according to a UN study published on Wednesday. The ‘Covid-19 and Tourism’ report released by the United Nations Conference on Trade and Development (Unctad) is based on three scenarios for the […]
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