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India imposes anti-dumping duty on steel and fibreglass measuring tapes from Cambodia, Singapore

The Finance Ministry has imposed anti-dumping duty on steel and fibreglass measuring tapes imported from Cambodia and Singapore. This follows the Designated Authority in the Directorate General of Trade Remedies (DGTR), concluding a circumvention in the anti-dumping duty imposed on such tapes originating from China. The Designated Authority had, in September 2021, in its final […]

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Thailand: Diesel excise tax cut up in the air

The Finance Ministry has yet to consider cutting the diesel excise tax and will continue to use the Oil Fund to stabilise the retail diesel price, said Finance Minister Arkhom Termpittayapaisith. Truckers have renewed their call for the price of diesel to be capped at 25 baht per litre. The move was organised by the […]

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Malaysia: Ringgit opens higher following US Fed remarks

KUALA LUMPUR, Nov 18 — The ringgit opened slightly higher against the US dollar today following mixed signal coming from the United States (US) Federal Reserve officials amidst lower than expected housing starts statistics, said an analyst.  At 9am, the local note rose to 4.1750/1770 versus the greenback from 4.1795/1810 at yesterday’s close. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul […]

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