Forty-six countries have already signed the new Singapore Mediation Convention (Convention), including the US, South Korea, China, Malaysia, India and Singapore itself. I would encourage Myanmar to also sign. This would provide another welcome alternative to the conventional court system for the resolution of international commercial disputes. One of the problems international businesses face in doing […]
Read MoreThe government has relaxed the requirement for international tourists to claim a value added tax (VAT) refund for goods purchased in Indonesia, aiming at boosting tourism and encouraging small and medium enterprises to join the tax refund program. A finance ministerial regulation issued on Aug. 23 allows tourists to request a VAT refund using multiple […]
Read MoreThailand Development Research Institute (TDRI) has urged the government to include waste management as part of the national agenda and proposed the government ban foam usage and make consumers pay for plastic shopping bags. Somkiat Tangkitvanich, president of the TDRI, said the group’s study found Thailand’s sea debris volume rose rapidly to 1 million tonnes […]
Read MoreSINGAPORE: Singapore’s central bank has kicked off the application process for up to five new digital bank licences and issued detailed guidelines for potential contenders. The entry of new players could lead to the biggest shake-up in two decades in a market dominated by local banks DBS Group Holdings Ltd, Oversea-Chinese Banking Corp and United […]
Read MoreMANILA, Philippines — Vehicle importers registered a slight dip in sales in the seven months to July this year as the passenger car (PC) segment remains weak. Data from the Association of Vehicle Importers and Distributors Inc. (AVID) showed the group sold 50,164 units as of end-July, down slightly from the 50,505 units sold in […]
Read MoreThe number of direct flights linking Cambodian cities to destinations in Asean and China has surged in recent months, according to a recent report from the Ministry of Tourism. In a brief report, the Ministry notes that the Kingdom is now connected with eight countries in the Asean region – Singapore, Thailand, Laos, Vietnam, Malaysia, […]
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