PETALING JAYA: With the rally in crude palm oil (CPO) prices owing to stronger global demand and lower production, the world’s two largest palm oil exporting countries, Indonesia and Malaysia, are taking advantage of the higher prices through increased taxes on the commodity. In just weeks after Indonesia raised its taxes on CPO exports, Malaysia […]
Read MoreThere is little hope of attracting international arrivals during the first quarter of next year as the coronavirus pandemic continues to spread in Thailand, Tourism and Sports Minister Phiphat Ratchakitprakarn says. Mr Phiphat said on Wednesday there is no need for the country to tighten travel restrictions on foreign passengers from the UK or other […]
Read MoreMANILA, Philippines — Christmas pushed home-stay Filipinos out of their homes to go shopping, giving the consumer-driven economy a shot in the arm and keeping a last hurrah from pandemic weakness very much alive. This is good news for economic officials banking on the typical spending splurge during the yuletide to restart an economy set […]
Read MoreVietnam has become the fastest growing national brand in Brand Finance’s ranking this year, with its brand value skyrocketing by 29 per cent to US$319 billion. The country climbed nine places from last year to 33rd in the Nation Brands 2020 list of the world’s 100 most valuable brands compiled by the UK independent branded […]
Read MoreThe Bank of Thailand has relaxed conditions attached to its Bt500-billion soft loan package, making it easier for individuals and companies to access credit. The relaxation follows a surge of Covid-19 cases in Thailand as well as other countries around the world. Some countries have also been hit by a new mutation of the virus, […]
Read MoreKUALA LUMPUR: Malaysia has set the export tax for crude palm oil (CPO) at eight per cent for January 2021. In a circular posted on the Malaysian Palm Oil Board’s website, the Royal Malaysian Customs Department said the eight per cent export duty rate was set after the CPO market price reached RM3,450 per tonne […]
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