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Malaysia: Weak production seen in June

PETALING JAYA: Uncertainties surrounding the duration of the first phase of the National Recovery Plan (NRP) are expected to weigh on Malaysia’s economic growth, especially in the third quarter of this year. While seven states have since moved on to the second phase of the NRP, which allows for an expanded list of activities, the […]

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Vietnam c.bank calls for lower interest rates in July

As the pandemic continues to persist, stronger measures are needed to restructure debts and lower interest rates for customers. The State Bank of Vietnam (SBV), the country’s central bank, suggested the Vietnam Banks Association (VNBA) should reach an agreement with commercial banks and institutions in lowering interest rates in July. SBV’s Vice Governor Dao Minh […]

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Cambodia: Customs broker licence fees waived till 2023

The Ministry of Economy and Finance’s General Department of Customs and Excise of Cambodia (GDCE) has waived the payment of customs broker licence fees for 2021-2022 as the Kingdom’s transport and logistics sectors reel from the sweeping effects of the ever-deepening Covid-19 pandemic. A letter signed by GDCE director-general Kun Nhem on July 9 noted […]

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