Indonesia issues regulation to implement global minimum tax
Indonesia issues regulation to implement global minimum tax. JAKARTA (Jan 16): Indonesia's finance ministry said on Thursday it had issued a regulation to implement the global minimum corporate tax at 15% effective from Jan 1, as part of an international push to limit tax competition between countries. The largest economy in Southeast Asia is among 140 countries which agreed on [...]
20/01/2025
Is Malaysia’s chip sector prepared for the storm?
Is Malaysia’s chip sector prepared for the storm?. KUALA LUMPUR (Jan 18): In a last-minute move by the Biden-Harris administration, a new Interim Final Rule on Artificial Intelligence Diffusion was announced on Monday (Jan 13), imposing stricter export controls on US-developed AI chips. This rule introduces a three-tier licensing framework for semiconductor exports, exempting allies like South Korea and Taiwan [...]
20/01/2025
Chin Tong urges Malaysian logistics companies to go regional
Chin Tong urges Malaysian logistics companies to go regional. Deputy Investment, Trade and Industry Minister Liew Chin Tong: We should build a Malaysian brand image of trustworthiness and friendliness for Malaysian global service providers to thrive in the export of services. KUALA LUMPUR (Jan 20): Malaysian companies, especially those in the logistics sector, should go regional with a whole-of-government approach [...]
20/01/2025
Economists expect Malaysia’s industrial output growth to maintain uptrend after November’s acceleration
Economists expect Malaysia's industrial output growth to maintain uptrend after November's acceleration. KUALA LUMPUR (Jan 10): Economists predict that Malaysia's industrial production output will maintain its positive growth in the coming months, driven by increasing demand, though they remained cautious about potential headwinds arising from growing protectionist policies around the world. Their projections came after the Department of Statistics Malaysia [...]
13/01/2025
Supply chain resettlement positive for Malaysia — HSBC Global Research
Supply chain resettlement positive for Malaysia — HSBC Global Research. KUALA LUMPUR (Jan 13): Malaysia is benefiting from shifts in supply chains, with the emergence of data centres, tech companies and semiconductor manufacturers in the country, said HSBC Global Research. “This supply chain resettlement story is positive for the country," said its Asia-Pacific head of equity strategy Herald van der [...]
13/01/2025
To boost China’s yuan, central bank makes it easier for firms to borrow more foreign debt
To boost China’s yuan, central bank makes it easier for firms to borrow more foreign debt. For companies that have reached the upper limit of overseas financing, a relaxation may be welcome, but the move’s effectiveness remains unclear as rate spread with US dollar widens. China’s central bank has mounted a stronger defence for the yuan and the domestic foreign [...]
13/01/2025
Supply Chain Issues and Market Shifts Challenge Automakers [Part 2 of 2]
Supply Chain Issues and Market Shifts Challenge Automakers [Part 2 of 2]. Regulatory and market challenges Automakers are also grappling with stricter environmental regulations. The European Union's new target for average CO2 emissions—set at 93.6 grams per kilometre by 2025—represents a 15% reduction from 2021 levels. Exceeding these limits could result in hefty fines, compounding the financial strain on manufacturers [...]
05/01/2025
Supply Chain Issues and Market Shifts Challenge Automakers [Part 1 of 2]
Supply Chain Issues and Market Shifts Challenge Automakers [Part 1 of 2]. The automotive industry faces ongoing supply chain struggles, economic pressures and evolving trends as it navigates an uncertain 2025 The automotive sector continues to navigate a turbulent period, with the uncertainty of 2025 looming large. Manufacturers confront ongoing disruptions and shifting market trends that could redefine the global [...]
05/01/2025
Container freight rates on the increase as year starts
Container freight rates on the increase as year starts. Spot container rates were on the rise in the final days of 2024 and start of 2025 as a possible US East Coast port strike looms and the threat of tariffs from incoming US President Trump. The Drewry World Container (WCI) posted on 2 January was up 3% at $3,905 [...]
05/01/2025
China to cut import tariffs on some recycled copper and aluminium raw materials
China to cut import tariffs on some recycled copper and aluminium raw materials. SHANGHAI (Dec 28): China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday. The Ministry of Finance announced adjustments to various import tariff categories, effective Jan 1, aimed at increasing imports of high-quality products, [...]
29/12/2024
