KUALA LUMPUR: The ringgit continued its slide against the US dollar at the opening today with higher US yields and the worsening US-Sino trade war has boosted appetite for the safe-haven currency. At 9 am today, the ringgit was quoted at 4.1780/1810 against the greenback compared to 4.1750/1780 from last Friday’s close. Bank Islam Malaysia […]
Read MoreLocal firms must have a clear understanding of phytosanitary regulation if they wish to increase shipments abroad, experts stressed during a workshop organised by Germany’s GIZ last week. For in depth analysis of Cambodian Business, visit Capital Cambodia Phytosanitary inspections help prevent pests and ensure the products are safe to eat, said Heng Chhun Hy, deputy […]
Read MoreThe Commerce Ministry is once again warning private hospitals of severe legal repercussions for overcharging patients, after several probes found that many medical facilities often mark up the prices of their medicines by as much as 900%. The source said complaints have been received via the 1569 hotline alerting the ministry to the problem. One caller […]
Read MoreStarting June 1, a five percent commercial tax on mobile phones and accessories shall be collected from buyers at the time of purchase and the relevant tax stamps affixed to the receipts in accordance with the Commercial Tax Law, the Internal Revenue Department (IRD) announced earlier this month. The department issued the instruction to clarify […]
Read MoreThe Bank of the Lao PDR has warned commercial banks, businesses and members of the public not to buy, sell or use cryptocurrency for money transactions as this practice is illegal. The central bank’s Transaction System Management Department recently issued the warning after learning that cryptocurrencies such as Bitcoin, Ethereum and Litecoin have been advertised […]
Read MoreMANILA, Philippines — Strong foreign exchange inflows continued to strengthen the country’s balance of payments (BOP) position, recording a surplus for six straight months with $467 million in April, according to the Bangko Sentral ng Pilipinas. The latest figure was a complete reversal of the $270 million deficit recorded in April last year. The BOP […]
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