Indonesia, a top supplier of a key battery metal, will aim to boost sales of electric vehicles with a new regulation that will cut tax breaks for hybrid cars. Battery-powered electric vehicles will retain their 0% luxury tax rate, while plug-in hybrid vehicles will see their tariff increase to 5% from 0%, according to a […]
Read MorePETALING JAYA: Malaysia External Trade Development Corp (Matrade) has launched its new enhanced Guidelines for Services Export Fund (SEF) and three new activities to enhance the exports of services. “The SEF is an effort to facilitate and enhance capabilities of Malaysia Services Providers (MSPs) in gaining market access into overseas projects, ” Matrade said in […]
Read MoreThe UK’s MoneyWeek news website has run a story highlighting that Vietnam is one of the most promising markets of Asia in a long time thanks to the country’s success in COVID-19 control. The article noted that Vietnam’s GDP growth rate of 2.9 percent was low by historical standards – it typically manages 6-7 percent […]
Read MoreMANILA, Philippines — Manila-based Asian Development Bank (ADB) is planning to lend $3.5 billion or about P168.65 billion to the Philippines this year to help the country recover from the pandemic-induced recession. During the Laging Handa briefing yesterday, ADB country director Kelly Bird said the multilateral lender remains committed in financially supporting the Philippines. “This […]
Read MoreThe Federation of Thai Industries (FTI) is worried efforts to restore the reeling Thai and global economies may face a setback as some European countries have renewed lockdown measures amid fears of coronavirus mutations. The FTI’s concerns emerged as Thailand reported a new cluster of Covid-19 infections in Bang Khae district in western Bangkok as […]
Read MoreDEVELOPERS in Singapore sold 645 new private homes in February, down 60.5 per cent over January’s 1,632 units amid a paucity of new launches. Developers launched 167 units for sale in February against 3,300 in January. January’s large number was due to three projects – the mega 1,862-unit Normanton Park, which moved 625 units, followed […]
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