Thailand expects exports to South Korea to increase by 2% this year to US$6.52 billion, partially helped by a deeper trade partnership through a so-called mini-free trade agreement (mini-FTA) with the South Korean provinces of Gyeonggi and Pusan. According to Commerce Minister Jurin Laksanawisit, targeted export products include sugar, oil, rubber products, electronic circuits, aluminium products, […]
Read MoreMANILA, Philippines — Any delays in renewing the European Union’s Generalized Scheme of Preferences Plus (GSP+) could pose serious problems to Philippine exporters, so says a trade think tank. The current scheme will expire by the end of 2023 if the EU does not renew it. However, the European Commission expressed willingness to renew the […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) free trade pact and the bilateral free trade agreements (FTAs) will play a crucial role in attracting more foreign direct investments to Cambodia, Cambodia’s central bank said in a report released on Thursday. In addition to the RCEP, the world’s largest free trade deal engaged with 15 Asia-Pacific countries, […]
Read MoreJAKARTA: Indonesian officials are investigating whether there have been illegal nickel ore shipments to China, more than three years after Jakarta banned exports of the commodity, its mining minister said on Friday (Jul 7). Indonesia, the world’s biggest nickel ore producer, had stopped exports of the material since the beginning of 2020 to reserve raw […]
Read MoreBusinesses are expecting another VAT reduction of 2 per cent from this month, along with clear guidance documents to ensure favourable implementation. From July 1 to the end of the year, VAT is being cut by 2 per cent, applied on the majority of goods, according to the resolution released on June 24 at the […]
Read MoreKakao Pay Corp., a mobile payment and digital wallet service in South Korea has launched an overseas ATM withdrawal service in partnership with Global Loyalty Network (GLN), an overseas payment platform under Hana Bank, to allow users to withdraw national currency in Laos, Vietnam, and Japan using just their mobile phones. To use the service, […]
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Thailand
