KUALA LUMPUR: Malaysia posted a trade surplus of RM10.41bil in May this year, rebounding from a deficit of RM3.63bil in April but overall exports were weaker than expected, the Ministry of International Trade and Industry (MITI) said. It said on Monday the trade surplus was the highest monthly trade surplus for the month of May […]
Read MoreThe manufacturing production index (MPI) for May dropped 23.19% from a year earlier, led by lower production of cars, petroleum and air conditioners due to the impact of the coronavirus outbreak, the industry ministry reported on Monday. That compared with a forecast for a drop of 21.0% in a Reuters poll, and against April’s revised […]
Read MorePresident Joko “Jokowi” Widodo signed Wednesday Perpres No. 72/2020, a presidential regulation that regulates an increase in state spending and a widening state budget deficit amid Indonesia’s fight against the coronavirus pandemic. The government now officially states that the 2020 state budget deficit is expected to reach Rp 1.03 quadrillion (US$73.4 billion) or 6.34 percent […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) is giving taxpayers more time to file for value-added tax (VAT) refund claims amid movement restrictions to slow the spread of the coronavirus disease 2019 or COVID-19 outbreak. On June 24, the Department of Finance (DOF) and the BIR issued Revenue Regulations (RR) 16-2020, extending anew […]
Read MoreTeuk Chhou area of the coastal Kampot province is expecting two projects focusing on smoke-free, ecotourism and infrastructure improvement The update was provided by Kampot Provincial Governor Cheav Tay during a press conference here in Phnom Penh, adding that the projects will further boost tourism in the province. The first project to be located in […]
Read MoreVietnamese apparel companies will not enjoy immediate tariff cuts after the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect, as they have to overcome strict rules of origin. Under the deal, Vietnam’s footwear, textile and garment industries will have to make changes to meet the conditions of origin and take advantage of preferential tariffs. For […]
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Thailand
