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Cambodia, Singapore to further boost bilateral trade

Both countries are exchanging views on post-Covid-19 crisis recovery efforts and the progress of Asean’s response to the Covid-19 crisis; review and approval of the recommendations of the 41st Meeting of the High-Level Working Group on Asean Economic Integration to the 28th Asean Economic Ministers’ Meeting Cambodia and Singapore have reaffirmed their commitment to continue […]

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Asean economic ministers optimistic on upgrading pacts

The Asean Economic Ministers (AEM) group wants to upgrade existing free trade agreements (FTAs) and accelerate the enforcement of the Regional Comprehensive Economic Partnership (RCEP) trade pact among all members, aiming to revive the regional economy amid the Covid-19 crisis. According to Trade Negotiations Department director-general Auramon Supthaweethum, the economic ministers are expected to discuss […]

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VAT increment frustrates Indonesian tourism players

Indonesia’s move to increase the value-added tax (VAT) on goods and services from 10 per cent to 11 from April 1, 2022 is met with dismay from tourism stakeholders, who fear that higher travel costs will hamper business recovery as well as raise operating costs. The government said the increased value-added tax was needed to […]

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