sin01
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CECA and other Singapore FTAs do not give foreigners ‘free rein to come to live and work in Singapore’: Ong Ye Kung

Competition between foreign and local professionals, managers and executives (PMEs) is not a zero-sum game, Health Minister Ong Ye Kung told the House on Tuesday, while defending the government’s policy on free trade agreements (FTAs). Specifically, the India-Singapore Comprehensive Economic Cooperation Agreement (CECA) does not oblige Singapore to unconditionally allow entry to PMEs from India, […]

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cam01
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Cambodia: Trade body sorts out new EU VAT rules

A local trade body is working to educate its network and find solutions concerning the EU’s recent removal of a value added tax (VAT) exemption for goods imported into the bloc with a value not exceeding €22 ($26), and the optional Import One-Stop Shop (IOSS) scheme created for low-value consignments. In effect since July 1, […]

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th04
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Thailand: Gold opens stronger for second successive day

The price of gold in Thailand rose by THB100 per baht weight on Tuesday morning. The Gold Traders Association report at 9.26am showed buying price of a gold bar at THB27,250 per baht weight and selling price at THB27,350, while gold ornaments were priced at THB26,757.40 and THB27,850, respectively. On Monday morning, gold had gained […]

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Vietnamese banks remain attractive to foreign investors

Vietnamese banks are still attractive to foreign investors thanks to the country’s economy and strong resilience to unprecedented difficulties and challenges caused by the COVID-19 pandemic. With Fitch Ratings raising the overall outlook for Vietnam from “Stable” to “Positive”, several Vietnamese banks have also been rated positive by the international rating agency. The rating has confirmed […]

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Philippines: Easing transport costs temper inflation to 4.1% in June

MANILA, Philippines (Update 2, 11:57 a.m.) — A slower increase in transportation fares tempered inflation in June, a welcome reprieve to consumers still reeling from pandemic-induced economic shocks and giving the central bank enough reasons to sustain its easy-money policy. After three straight months of steady reading, inflation, as measured by the consumer price index, eased to 4.1% […]

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