SINGAPORE’S non-oil domestic exports (NODX) contracted again in December, dragged by declines in non-electronic shipments and declining deliveries to most of the Republic’s top 10 key markets, data from Enterprise Singapore (EnterpriseSG) showed on Tuesday (Jan 17). Non-oil domestic exports (NODX) in December tumbled 20.6 per cent year on year from a high year-ago base, […]
Read MoreMALAYSIA’S central bank will deliver its fifth consecutive quarter percentage point hike on Thursday in its effort to keep high inflation under check and provide support to a struggling currency, a Reuters poll found. Bank Negara Malaysia (BNM) became in May last year one of the first Asian central banks to hike rates in the […]
Read MoreThe country’s trade surpassed the milestone of $700 billion in value to hit $73.5 billion in 2022, a rise of 9.5 per cent against the same period of the previous year, according to the updates of the General Statistics Office. New-generation free trade agreements (FTAs) continue to be a silver lining in Vietnam’s trade growth […]
Read MoreMANILA, Philippines — A wealth tax could fatten the Philippines’ tax haul as the growing number of dollar millionaires exposed the realities of inequality in the country, global nonprofit Oxfam said. Erika Geronimo, executive director of Oxfam Pilipinas, reckoned that the ranks of millionaires in the country have grown by 43.5% since 2012. The statement […]
Read MoreThe General Department of Customs and Excise at the Ministry of Economy and Finance will not increase the value-added tax (VAT) on goods imported, despite acknowledging the loss in customs income due to the implementation of trade pacts. Facing a loss in customs income due to the implementation of FTAs, the GDCE is considering lowering […]
Read MorePETALING JAYA: The easing inflationary pressures will be positive on the consumer sector and lead to better margins ahead, supported by lower raw material costs and the stronger ringgit, says MIDF Research. The research outfit said raw material costs for food manufacturers dipped substantially from the peak in the second quarter of 2022 (2Q22) owing […]
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Thailand
