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Brunei: Red flag raised on food product

The Ministry of Health (MoH) has raised the red flag on a dietary product found to contain sibutramine, following testing by the Department of Scientific Services under MoH. Extra Looksliim (lemon tea flavoured, 15 packets x 15g) is manufactured by AS Legacy Sdn Bhd Malaysia. The use of sibutramine in food is prohibited under the […]

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Directorate of Investment and Company Administration (DICA) plans recommendation for online visa extension of expatriate businesspersons in Myanmar

Myanmar is expected to meet its foreign direct investment (FDI) target of US$5.8 billion in the current fiscal year 2019-2020, and over $4.6 billion flowed into the country around the ten months, said U Thant Sin Lwin, director-general of the Directorate of Investment and Company Administration (DICA). “We intend to reach FDI target of US$5.8 […]

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Moody’s keeps Philippines’ investment grade rating

MANILA, Philippines — Despite economic shocks brought by the pandemic, the Philippines’ most-prized credit ratings are safe for now, securing another badge of creditworthiness from Moody’s Investors Service on Thursday who kept the country under investment grade. The global debt watcher kept the country’s credit rating at “Baa2” — two notches below the coveted “A” grade […]

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New rule on transit flights through Thailand

The Civil Aviation Authority of Thailand has banned all flights with Covid-19 infected passengers from transiting through Thailand after China banned two flights from here. CAAT director-general Chula Sukmanop spoke of the new measure on Thursday in response to the report that the Chinese government temporarily banned the services of Thai AirAsia X and Thai […]

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Vietnam: Price wars imminent as initial fees reduce

As car sales continue to reduce, local importers have asked authorised agencies to apply a 50% reduction in registration fees for imported cars in order to remove discriminatory tax reduction currently used for only locally-assembled vehicles. The European Chamber of Commerce (EuroCham) noted in its newly-released Whitebook on the year’s investment issues affecting the business […]

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