KUALA LUMPUR: The government has been urged to relax rules related to foreign workers recruitment, in order to stop more small and medium enterprises (SMEs) from winding up. According to Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry (KLSICCI) president Datuk R. Ramanathan, regulations on foreign workers recruitment have tightened since the change […]
Read MoreThe government on Monday submitted the macroeconomic assumption and basic fiscal policy for the 2020 state budget, which among other things proposed a gross domestic product (GDP) growth projection of 5.3 to 5.6 percent. The projection is lower than the figure in the 2019 state budget, which is 5.4 to 5.8 percent. Finance Minister Sri […]
Read MoreVIENTIANE, May 16 (Xinhua) — The amount of electricity imported by Laos is likely to drop in 2019 as the country witnesses a surge in electricity generation, local daily Vientiane Times reported on Thursday. In 2018, Laos spent 15.4 million U.S. dollars on electricity imports, less than the 18 million U.S. dollars spent in 2017, […]
Read MoreSINGAPORE’S exports extended its double-digit decline for the second straight month in April, surprising economists who had expected a milder drop. Non-oil domestic exports (NODX) fell by 10 per cent last month on the back of a high base a year ago, according to the latest report by Enterprise Singapore. This followed a revised 11.8 […]
Read MorePeople who are selling cosmetics online without permission from the Department of Food and Drug Administration (DFDA) will face action under the Export and Import Law, said Director of the Department of Consumer Affairs U Myint Cho. Online cosmetics sellers currently do not pay taxes to the government and do not abide by the requirement […]
Read MoreBank of Thailand governor Veerathai Santiprabhob has acknowledged the possibility that the US will add Thailand to a watch list for currency manipulation because of a high current account surplus, but not for stepping into the foreign exchange market for trade advantages. Thailand has no policy of currency intervention to gain a trade advantage, he said, […]
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