MANILA, Philippines — The country’s rice inventory maintained its upward momentum in February, given a continued open market regime. Latest data from the Philippine Statistics Authority (PSA) showed that total rice inventory stood at 2.37 million metric tons (MT) in February, up 11 percent from the previous year. However, the current inventory is 11.2 percent […]
Read MoreThe Excise Department has temporarily exempted tax levied on pure alcohol while the government has unlocked the requirement to free 3 million litres of alcohol left over from energy usage to encourage the manufacture of alcohol-based hand sanitisers to meet strong demand amid Covid-19 fears. The tax exemption only applies to pure alcohol used to […]
Read MoreAlthough Myanmar has not officially detected any COVID-19 carriers, the virus has wreaked havoc on the economy and could lead to full-blown economic crisis if not contained soon. The tourism sector has suffered from a stampede of cancellations beginning in China. Now, most tourists from all other countries have decided to stay at home. The […]
Read MorePrime Minister Hun Sen has signed a sub-decree to completely exempt export tax on rubber that is sold below the market price of $1,400 per tonne, adjusting from the previous $1,000 per tonne market rate. Mr Hun Sen said the export tax has been adjusted to assist local rubber plantations after calls from the private […]
Read MorePETALING JAYA: A survey conducted by the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (MIER) is projecting gloomy domestic sales during the first-half of the year (1H20). According to the FMM-MIER Business Conditions Survey, manufacturers’ outlook for business in 1H20 is generally lacklustre, as uncertainties continued to weigh amid the […]
Read MoreVietnam’s e-commerce market is projected to hit VND 399.5 trillion (US$17.3 billion) in 2023, from VND 218.3 trillion (US$9.4 billion) in 2019, according to a forecast from data and analytics company GlobalData. This represents a compound annual growth rate of 16.3 per cent. GlobalData further found that Vietnam’s e-commerce market has doubled during the past […]
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Thailand
