THE last quarter of 2018 saw a deterioration in local firms’ payment performance for three straight quarters, and more companies were also slow in payment compared to the last quarter a year ago, according to Singapore Commercial Credit Bureau (SCCB). SCCB in a statement issued on Tuesday said that prompt payments slid 4.48 percentage points […]
Read MoreDespite permission to export Myanmar produced gold and gold jewellery, local traders have not taken advantage of the opportunity due to the withholding taxes involved, insiders said. Traders are expected to pay a withholding tax of 2 percent on the amount of gold they wish to export. “At that level of taxes, it is no […]
Read MoreThe National Bank of Cambodia (NBC) will continue to promote the development of the Fourth Industrial Revolution in the Kingdom’s financial sector, according to its Macro-economic and Banking Sector Development in 2018 and Outlook for 2019 report released last week. The report said the continuing development of human resources and technology is important for maintaining […]
Read MoreVIETNAM should become one of world’s top 15 most developed agricultural nations in the next 10 years, said Prime Minister Nguyen Xuan Phuc. He made the statement at a meeting on reviewing works last year and launching tasks for this year for the Ministry of Agriculture and Rural Development (MARD) held on Thursday in Hanoi. […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures fell on Monday, a second drop in four sessions, as traders remained cautious over official data due to be released by the industry regulator this week. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed down 0.6 percent to 2,160 ringgit ($524.78), while trading volumes stood at 30,366 lots […]
Read MoreAs chair of Asean this year, Thailand is set to host the first senior economic official meeting (Seom) during Jan 12-18 in Bangkok, highlighting 12 key economic issues as top priorities. Auramon Supthaweethum, director-general of Trade Negotiations Department, said the issues for the first Seom comprise how to reduce transaction costs by 10% in 2020, […]
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