SINGAPORE – Official forecasts for Singapore’s key exports and overall merchandise trade have been raised, amid better-than-expected growth seen in the first quarter of 2021. Non-oil domestic exports (Nodx) are now expected to expand between 1 per cent and 3 per cent for the year, up from 0 per cent to 2 per cent. Total trade […]
Read MoreFood delivery platforms have begun to lower the commissions they charge food vendors after the government pressured them into assisting restaurants struggling to make ends meet amid the pandemic. Many restaurants who rely on online delivery services have cried foul about gross profit (GP) shares of about 30% collected from food vendors, which they say […]
Read MoreThe General Department of Customs (GDC) said that risks in transit services continue to exist as smugglers try to carry prohibited goods into Vietnam. In late 2020, the Lang Son province Association of Vietnam-ASEAN Transit Goods Traders sent a dispatch to the Government and relevant ministries complaining about the administrative fines imposed by the border […]
Read MoreThe Department of International Trade Promotion (DITP) expects food exports to grow this year thanks to Thailand’s strict safety standards and full cooperation from food producers. Along with supervisory measures, DITP has also launched the “Thailand Delivers with Safety” campaign to boost confidence among importers. Somdet Susomboon, DITP’s director-general, said the overall value of Thai […]
Read MoreRuixue (Cambodia) Co Ltd, a subsidiary of China-based Ruixue Group, has received approval for setting up a new garment factory in Khan Sen Sok. The new factory to be set up at a cost of $4.5 million will create 2,000 jobs in manufacturing womenswear, including sweaters, dresses and handbags. The approval was given by the […]
Read MoreOn-spot exports are now not subject to duty exemption, possibly derailing the recovery of textile and footwear companies. The government issued Decree No.18/2021/ND-CP on March 11, amending a previous 2016 decree to implement the Law on Export and Import Taxes. Now, products traded on spot are not eligible for import duty exemptions. Goods exported or […]
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Thailand
