The move would put local steel companies under pressure to expand production and upgrade technologies to reduce costs and compete with imported products. The Ministry of Finance (MoF) has proposed a 5-10% tax rate cut for imported steel products so as for the market prices to cool down. The move was part of the MoF’s […]
Read MoreDEVELOPERS in Singapore sold 872 new private homes in June, easing 2.6 per cent from May’s 895, according to data from the Urban Redevelopment Authority (URA) on Thursday. Including executive condominiums (ECs), sales reached 962, down 22 per cent from the 1,234 sold in May. Thursday’s figures were similar to analysts’ flash estimates published by […]
Read MoreMANILA, Philippines — Business groups want the Bureau of Internal Revenue (BIR) to repeal the imposition of 12 percent value-added tax (VAT) on local purchases of exporters and indirect exports, saying its implementation may lead to job losses and discourage investments in the country. In an online press conference, the business groups, consisting of the […]
Read MoreThailand’s economy is forecast to grow 2.2% this year, down from the 3.4% projected earlier, due to the impact of a third wave of Covid-19 infections and weak tourism, the World Bank said on Thursday. The economy contracted 6.1% last year, its deepest slump in over two decades, with the tourism sector devastated by the […]
Read MoreSuch a large corporation would serve as a market-leading player and reduce the dependence of foreign firms or multinationals for distribution. The Vietnamese government continues to encourage the formation of large-scale corporations in retail, aiming to strengthen the linkage between production zones and consumer markets. This move was revealed in the government’s decision No.1163/QD-TTg on […]
Read MoreCambodia exported $357.8 million worth of garments, textiles, shoes and travel goods in the first six months of 2021, inching up 1.4 percent compared with the same period last year. Figures from the Ministry of Commerce show the garment exports were produced in the special economic zones (SEZs). Cambodia has a total of 54 SEZs. […]
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