21 March 2021 – The Royal Malaysian Customs Department is targeting to collect RM40.7 billion in taxes this year, or higher than the RM38.6 billion in 2020. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz is confident that the department could achieve the target, even though the country still has to contend with the sting…
Details21 March 2021 – Customs brokers: Who are they? What do they do? Cross-border supply chains can be time consuming and complex. A customs broker can help navigate cross-border freight. But companies should know what to look for in a customs brokerage. What is a customs broker? According to U.S. Customs and Border Protection (CBP), customs…
Details18 March 2021 – Logistics providers and truckers are pushing each other in a ‘technological arms race’ to offer better integrated functionality – or they are joining hands to do so. Last month, logistics platform provider Redwood Logistics forged a strategic alliance with supply chain platform firm Blue Yonder. Integrating the latter’s price discovery service…
Details18th March 2021 – Just a few months into the U.K.’s new relationship with Brussels, British exporters to the EU are struggling with mounting Brexit red tape and border disruption. Half (49%) of U.K.-based exporters were facing extra costs and delays in shipments to and from the continent, due to extra border checks and paperwork,…
Details18 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…
Details17 March 2021 – Ambitious AIT Worldwide Logistics has been taken over by private equity firm The Jordan Company (TJC) in what is expected to mark the start of another period of growth for the forwarder. Its partnership with its PE owner Quad-C Management has come to an end as the company recapitalises. TJC doesn’t…
Details17 March 2021 – A reduction in BCD, it said, will adversely affect Indian Made Foreign Liquor (IMFL) brands since imports already dominate the Indian alcoholic beverages market. Amid reports of the UK seeking massive tariff concessions on imports of scotch whiskey during ongoing free trade agreement (FTA) negotiations, liquor sector association Confederation of Indian…
Details16 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…
Details15 March 2021 – India told the countries objecting to the new regulations that the matter cannot be raised at WTO and needs to be bilaterally discussed. (Photo: Bloomberg) India’s free trade partners have raised concerns at the World Trade Organization (WTO) that its insistence on additional documents to determine the origin of imported…
Details14 March 2021 – Before the implementation of Brexit, the Swedes were able to order goods from British companies without paying customs duties. This is no longer the case. At the turn of the year, the United Kingdom officially left the European Union, which means that the country is outside the European Union’s customs union.…
Details
