Heavy rains, floods hit Pakistan, Iran, Afghanistan trade
The friendship gate at the Pak-Afghan border in Chaman was also closed due to heavy rains along the Quetta-Kandahar highway.
Economic Affairs
‘Digital tax’ pours $167 million into Indonesia’s state coffers in first half of 2022
Rp 2.47 trillion came from VAT on transactions made through electronic systems on digital platforms like Google, which the government has collected since 2020.
RI, China eye cooperation in energy, chemicals, tech industry
Both sides also explored the possibility of increasing investment in the downstream petrochemical industry and technology.
Pakistan rupee falls to new low, closes at 236 against dollar in interbank
The dollar has come under renewed pressure amid higher demand from importers.
Palm oil prices to fall more due to distress selling by Indonesia
Indonesia's domestic crude palm oil prices also suffered because of the immense oversupply and difficulties in restarting exports.
Bongbong Marcos team presents 8-point economic agenda
Finance Secretary Benjamin Diokno added that the administration would invest heavily in infrastructure, human capital development and the digital economy.
Seoul to turn Yongsan‘s idle land into tech complex, transportation hub
The Seoul city government currently aims to start constructing infrastructure in 2024 and begin the development of the main sector in 2025.
Vietnam’s banks capitalise on trade success of UKVFTA to boost lending
The free trade agreement has already helped Vietnam’s exports to the UK surge by 16.4 per cent year-on-year to US$5.7 billion in 2021.
Impose VAT on digital service providers: Bongbong Marcos
He said that imposing VAT on digital service providers was projected to generate P11.7 billion in income for the government.
Management of GLC-owned shopping malls to be reviewed: Malaysia PM
He said this was aimed at raising Bumiputera's socio-economic status and the involvement of Bumiputera entrepreneurs at shopping malls.