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Indonesia: Freeport Export Permit May Not be Extended

TEMPO.CO, Jakarta – The Energy and Mineral Resources Ministry reported that FreeportIndonesia`s copper concentrate permit will expire as soon as next month. The Ministry suggested that the mining company must submit a new recommendation from the Indonesian government to continue its overseas concentrate sales. Director General of Coal and Mineral Bambang Gatot Ariyono said that Freeport must fulfill […]

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Malaysia: Merchantrade launches Visa multi-currency prepaid card

Merchantrade Asia Sdn Bhd (Merchantrade) has launched Merchantrade Money, a Visa multi-currency prepaid card that digitally converts pre-loaded ringgit into multiple currencies using exchange rates decided by the customer. “In addition to the ringgit, the card currently supports five currencies, namely Australian dollar, pound sterling, Indonesian rupiah, Singapore dollar and US dollar, in addition to […]

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Cambodia: Customs collection up 10.4 percent

Revenue in the General Department of Customs and Excise (GDCE) reached $1.9 billion last year, an increase of 10.4 percent compared to 2016. “We collected 104.5 percent of our goal,” said Kun Nhem, director general of GDCE. Mr Nhem said the key achievements for his department in 2017 have been strengthening the technical compliance of […]

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