ASEAN News

October 4, 2018

Singapore looks to tighten controls in marine fuels supply chain

[SINGAPORE] Singapore authorities are looking to apply stricter control measures across the marine fuels sector supply chain, a spokesman for the government agency Enterprise Singapore said on Thursday, to boost transparency and accountability in a notoriously opaque industry. The Technical Committee for Bunkering has submitted a proposal to the national standards body, Enterprise Singapore, for a new standard on quantity, measurement and […]

October 4, 2018

Thailand: TRA ready to file appeal of tourist VAT refund contract

A group of retailers has called on the government to think twice about the downtown value-added tax (VAT) refund contract for foreign tourists outside airports, reasoning that Siam Paragon, CentralWorld, Central Chidlom, The Emporium and Robinson Sukhumvit are located in areas with the highest tourist densities, making them the most appropriate refund points. The five malls […]

October 4, 2018

Cambodia: Poverty falling at rapid pace, says UNDP

Poverty in Cambodia has fallen dramatically over the last two decades, and continues to fall at a rapid pace, said a high official of the UNDP to Khmer Times yesterday. All the poverty rateslines, either based on income and other dimensions, have seen big reductions at a gradual pace, often surpassing its peers in the Asia Pacific […]

October 4, 2018

Indonesia: Moody’s sees growing CPO demand in medium, long term

Moody’s Investors Service says crude palm oil (CPO) prices — which have fallen 14 percent since the start of 2018 and are at their lowest levels since 2015, will present a credit challenge for rated palm oil producers if they remain at current levels. “Continued weak CPO prices will challenge the credit metrics of the […]

October 4, 2018

Malaysia: Palm oil producers urge govt to review 5% sales tax

KUALA LUMPUR: Palm oil producers are urging the government to reconsider and review the Sales Tax (Rates of Tax) Order 2018 on fresh fruit bunches (FFB) as the industry is already burdened by cesses, levies and taxes, including the corporate tax. The Malaysian Palm Oil Association (MPOA) said on Thursday this was a matter of […]

October 4, 2018

Singapore companies are on a global acquisition spree, Bloomberg data show

[SINGAPORE] Singapore Inc is stirring, with companies from real estate to engineering becoming bolder in their hunt for acquisitions abroad. Companies in the city-state announced around US$91 billion of overseas deals this year through September, more than double the US$41.9 billion of transactions for the same period of 2017, data compiled by Bloomberg show. Temasek […]

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Vietnam: Elusive trade target with Vietnam renewed

Central Group wins bid for Big C Vietnam

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Up to 72 percent of enterprises support TPP

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