At the behest of the local logistics sector, the Ministry of Public Works and Transport is urging international shipping companies to consider reducing, or even dropping, fees that have inflated costs for local firms. Particularly, the Freight Forwarders Association has raised concerns over the effect the container imbalance charge (CIC) is having on the bottom […]
Read MoreThe Fiscal Policy Office (FPO) is maintaining its forecast for the country’s economic growth at 4.5% as private consumption picks up and investment counters sagging global demand. Private consumption and investment are gaining momentum, in tandem with the falling unemployment rate and higher farm income as crop output rises, said fiscal policy adviser Warotai Kosolpisitkul. […]
Read MoreDBS Group Research downgraded its Singapore dollar (SGD) forecast last Friday as its analysts said the currency was “too strong” relative to external and domestic factors. In a research note, FX (forex) strategist Philip Wee and economist Radhika Rao said they now believe that that USD/SGD will rise to 1.40 by the end of this year and stay above […]
Read MoreBUDGET 2019 is expected to be a tough one –with potential new taxes, existing tax hikes and prudent spending given the government’s commitment to tackle the nation’s debt situation. It is also the perfect time for the new government to launch reforms that are effective to future proof Malaysia and I am glad that a […]
Read MoreThe Hanoitimes – Though Vietnam has more opportunities to promote exports thanks to tariff reduction in new-generation free trade agreements (FTA), the country, in return, also has to offer foreign invested enterprises more rights under the deals’ commitments. Vietnam is one of the countries with the most FTAs in the world. It has signed a total […]
Read MoreThe Energy and Mineral Resources Ministry’s oil and gas director general, Djoko Siswanto, said on Monday that the gas-rich Masela block’s operator, Japanese oil firm Inpex, had pledged to submit the block’s development plan by next month. Djoko said Inpex made the commitment when he visited the company’s headquarters in Japan recently. “One of the things we […]
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Thailand
