UPDATED 17 APR 2023, 11:37 PM SGT SINGAPORE – Singapore’s key exports posted a much smaller drop than expected in March, but economists say that while the worst may be over, the outlook remains gloomy. Exports are likely to remain around current weak levels in the coming months, with the United States and the euro…
Hanoi (VNA) – The British Government handed over the Vietnam national trade repository (VNTR) to the Vietnamese side at a ceremony on July 13. The project was launched in 2020 under a letter of intention signed by the Vietnamese Ministry of Industry and Trade (MoIT) and the British Department of International Trade, in which the British side provided technical assistance for Vietnam.…
Dao Thi Boi, 40, was found guilty of importing a scheduled species without a permit She had not taken all reasonable precautions or exercised all due diligence before helping her client with his shipment in 2018, a judge found The shipment was found to contain almost 1,800 pieces of elephant ivory She will return to…
SINGAPORE: A freight forwarding company director was fined S$105,000 last week for fraudulently evading the payment of Goods and Services Tax (GST), as well as for abetting a consignee to furnish false information to Singapore Customs. Tang Yong Hoe, 43, is the sole director of I-Do Logistics, Singapore Customs said in a news release…
SINGAPORE: The Goods and Services Tax (GST) will be imposed on all imported goods from 2023 after a Bill was passed in Parliament on Tuesday (Nov 2). Under the Goods and Service Tax (Amendment) Bill, GST will be extended to low-value goods worth up to S$400 that are imported via air or post from…
19 July 2021 – Thanks to the China-ASEAN Free Trade Agreement (CAFTA), more commodities from ASEAN countries, ranging from agricultural products such as mango, durian and coffee to primary and intermediate products like rubber and paper, have entered the Chinese market. In 2020, China and ASEAN became each other’s largest trading partners for the first…
22 June 2021 – The Ministry of Commerce expects the Regional Comprehensive Economic Partnership (RCEP) agreement – signed by Cambodia and 14 other countries in November – to enter into force on January 1. Ratification of the trade deal is expected to open up more new markets as well as upgrade the Kingdom’s value chains…
9 April 2021 – Singapore ratified the Regional Comprehensive Economic Partnership (RCEP) agreement on Friday (Apr 9), becoming the first participating country to do so, the Ministry of Trade and Industry (MTI) said in a press release. The RCEP is the world’s largest free trade agreement, bringing together the 10 ASEAN economies as well as Australia,…
18 March 2021 – KUALA LUMPUR The federal government will not be introducing any new additional taxes for now as it is seeking ways to broaden its revenue post-pandemic, according to Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. Tengku Zafrul added the ministry is currently undertaking a study to review the national tax regime…
16 March 2021 – SEOUL South Korea on Tuesday said it will open new facilities overseas to help exporters better capitalize on free trade agreements (FTA) amid the coronavirus pandemic. Under the plan, the country plans to spend 11.9 billion won (US$10.4 million) this year to open new FTA support centers in Southeast Asia and…
