THE country should seek out new markets and pursue direct trade negotiations with the United States against the backdrop of heightened fears of a global trade war following protectionist moves by Washington, the Thailand Development Research Institute (TDRI) said. Last week, President Donald Trump said that the US will impose tariffs of 25 per cent […]
Read MoreThe Revenue Department has threatened to block giant foreign e-commerce websites if they do not pay VAT taxes. Director general Prasong Poonthanet said on Tuesday the department would this month submit a tax bill covering e-commerce to Finance Minister Apisak Tantivorawong for endorsement before it goes to Cabinet for approval. If the draft law is […]
Read MoreDHAKA (Reuters) – Bangladesh and Vietnam aim to raise their two-way annual trade to $2 billion over the next three years from nearly $1 billion, a business association official said on Monday. “We had a meeting with the visiting president of Vietnam today and focused on trade and investment,” Mohammad Shafiul Islam, president of Federation […]
Read MoreKUALA LUMPUR: The ringgit opened higher against the US dollar today on renewed buying interest in the local note, as news on proposed US tariffs on aluminium and steel continued to linger over the market, said a dealer. At 9 am, the local note was quoted at 3.8990/9040 versus the greenback from Monday’s 3.9050/9080. OANDA […]
Read MoreMANILA, Philippines — Consumer prices picked up to a fresh three-year high in February under a rebased index, although at a slower pace than the figure calculated on the previous base year, the country’s statistics agency reported Tuesday. Headline inflation accelerated to 3.9 percent last month, faster than January’s 3.4 percent and was the highest […]
Read MoreTHE government aims to bring down its rate of late payment to business vendors to below 5 per cent on average, down from the current 6.5 per cent, said Senior Minister of State for Finance and Law Indranee Rajah in Parliament on Tuesday. She said that the government processes an average of two million payments […]
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