CONSUMER loans in Singapore continued to dive in April, with credit card loans clocking their steepest fall as the Republic’s “circuit breaker” took effect on April 7, keeping people at home and most retail outlets shut. Credit card loans fell 9 per cent to S$9.65 billion from March – the biggest decline on record. This […]
Read MoreThe Excise Department has turned down car makers’ proposed 50% tax cut, fearing prices of all vehicles in the market will decline further if the reduction is implemented, the department’s chief says. Lowering taxes to boost domestic car sales is inappropriate because there could be a knock-on effect on all cars, said Patchara Anuntasilpa, director-general […]
Read MoreJAKARTA: Indonesia has imposed tariffs on imports of some textile products for the period until November 2022, according to a Finance Ministry regulation, in a bid to protect local producers from a surge of imports of fabrics, curtains and yarn. “Safeguard duties” of up to 11,426 rupiah (25 baht) per metre have been imposed for […]
Read MoreMANILA, Philippines — Inflation is seen to slightly accelerate in May from previous month, but would likely remain subdued, giving the central bank space to boost money supply amid the economy’s battle against the pandemic. In a statement on Friday, the Bangko Sentral ng Pilipinas (BSP) said inflation is seen to settle “within the 1.9-2.7% […]
Read MoreThe Ministry of Electricity and Energy is facing pressure from key private sector bodies and embassies over its plans to rush through a 1GW solar tender in the middle of the pandemic. On May 25, the American, British and European chambers of commerce submitted a letter to the ministry highlighting their concerns and asking for an […]
Read MoreThe Hanoitimes – The move would help support the development of local supporting industries, particularly the automobile manufacturing and assembling in the 2019 – 2023 period. The Vietnamese government has agreed to remove import tariffs for auto parts and accessories, which are currently cannot be manufactured domestically. The decision, set to take effect from July 10, […]
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Thailand
