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Philippines: Tariff pushed on sugar imports

MANILA, Philippines — The Department of Trade and Industry (DTI) is pushing for the adoption of a similar system as rice tariffication on sugar wherein imports would be allowed to enter the country with a tariff. Trade Secretary Ramon Lopez told reporters the proposal would involve allowing sugar imports as long as tariffs are paid as a form of […]

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Vietnam: Petrolimex proposes loosening foreign ownership cap to 49% to lure buyers

The Hanoitimes – Petrolimex, Vietnam`s largest petroleum distributor, has suggested postponing the further sale of its shares until the 2019 – 2020 period, citing unfavorable market conditions in 2018 as reason. Vietnam National Petroleum Group (Petrolimex) has proposed expanding the foreign ownership limit in itself to 49% from the current 20% to attract investors, especially foreigners, […]

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Singapore home prices won’t pop without migrants

[HONG KONG] If Sherman Kwek sounds annoyed, he has his reasons — 2.9 million square feet worth of reasons. That figure, equating to 270,000 square metres, is the total saleable area of apartments almost ready to hit the market on the books of City Developments Ltd, the Singapore developer controlled by the family of billionaire […]

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