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Cambodia: Draft law on trade remedies adopted

The Council of Ministers on Friday adopted a draft law on trade remedies to protect local producers, businesses, enterprises and foreign businesses operating in Cambodia from imported products being sold below their cost base.  Ministry of Commerce spokeswoman Soeng Sophary said the trade remedies law will protect all businesses in the kingdom and will regulate […]

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India-Asean engagement deepening in 2017

India is preparing to help celebrate 25 years of relations with Asean in style with a plethora of meetings, summits, fashion shows, IT events and business fairs in the country and abroad throughout this year. It began in February this year with the Indian Telecom Equipment and Services Export Promotion Council (TEPC) hosting telecom representatives […]

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Philippines: Slower growth seen for Q1

MANILA, Philippines – Dutch financial giant ING Bank expects a slower growth of six to 6.2 percent for the Philippine economy in the first quarter due to moderate government spending and higher unemployment. Joey Cuyegkeng, senior economist at ING Bank Manila, said the investment bank’s gross domestic product (GDP) growth forecast for the first quarter […]

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Myanmar-Thailand: Good neighbours

Exports from Thailand and Malaysia will continue to grow thanks to the rapid economic expansion driving demand in the CLMV (Cambodia, Laos, Myanmar and Vietnam) countries and weak currencies, while economic recovery in both countries will continue to support bilateral trade, say experts. Malaysia’s economy is projected to expand by between 4% and 4.5% this […]

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Thailand: New levy for second home tweaked

People owning second homes may face land and buildings taxes in the range of 0.03-0.1% of the appraisal price, depending on the value of the property, says an informed source at the Finance Ministry. Second homes will be charged from 0.03% for those with appraisal prices of up to 50 million baht, 0.05% for homes […]

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Singapore’s manufacturing output up 12.6pc in February year-on-year

SINGAPORE (Xinhua) – Singapore’s manufacturing output increased 12.6 per cent year-on-year in February, said the country’s Economic Development Board (EDB) on Friday. Excluding biomedical manufacturing, output grew 17.1 per cent, said EDB in the press release. On a seasonally adjusted month-on-month basis, manufacturing output decreased 3.7 per cent compared to the previous month. Excluding biomedical […]

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