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Thailand: December drop drags 2018 exports

Exports fell for a second straight month in December, dropping the full-year performance for 2018 to 6.7% growth and missing the 8% target set by the government. The Commerce Ministry reported Monday that customs-cleared exports unexpectedly shrank by 1.7% year-on-year last month with a value of UScopy9.4 billion after contracting 0.95% in November. The December decline was […]

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Philippines: Customs orders post-clearance audit of imports

MANILA, Philippines — The Bureau of Customs will now require the conduct of post-clearance audit on importers and brokers, as well as the prior disclosure in their goods declarations in a bid to further improve its revenue collection capabilities. Customs commissioner Rey Leonardo Guerrero issued Customs Administrative Order 01-2019, dated Nov. 29, 2018, prescribing the policies and guidelines on […]

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Singapore Budget 2019 could see public works and other moves to prop up economy: report

FITCH Solutions analysts are looking at looser fiscal policy from the Singapore government in February’s Budget, according to a short commentary out on Monday. Citing an impending global slowdown and the pressure on the Republic’s export-driven economy, the report said that the rising external downside risks “are likely to prompt policymakers to adopt policies to cushion the economy through […]

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Malaysia ranks 12th among Vietnam’s foreign investors in 2018

KUALA LUMPUR — Malaysia ranked 12th among the countries and territories investing in Vietnam in 2018 with total registered capital hitting US$435.54 million, according to the Vietnamese trade office in Malaysia. The country pumped $254.76 million into 41 new investment projects in Vietnam from the start of 2018 to December 20, while its investors added $27.47 million in total to their capital at […]

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