South Korea to lift tariff on food imports, raise LTV for first home seekers
A core measure is levying a zero quota tariff on ingredients for food, including wheat, flour, cooking oil, processed eggs and pork, until the end of this year.
Policy Matters
Petroleum prices unchanged as PM prioritises ‘relief for consumers’ over revenue
The measure was taken with the "view to provide maximum relief to the consumers" despite the loss in revenue due to globally rising petroleum prices.
EU leaders back push to ban some Russian oil over war in Ukraine
The bulk of the current pipeline delivery is to Germany and Poland, which have signalled they will wean themselves off Russian supplies regardless of any European Union action.
China makes all-out efforts to prop up foreign trade
Apart from increasing fiscal and financial support for foreign trade enterprises, the country will also seek to bolster cross-border e-commerce.
China details measures to stabilise, upgrade foreign trade
Services for key foreign trade enterprises will be enhanced, measures will be put in place to ensure unimpeded logistics for foreign trade cargos, among others.
China increases efforts to help small and midsize rural commercial banks
It is estimated that some of the deferred repayments of principal and interest on loans to these enterprises during the Covid-19 pandemic will turn into bad loans.
Competition Commission investigation will cover all in the poultry industry: Minister
The Malaysia Competition Commission will conduct investigations of allegedly engaged in anti-competitive agreements and/or abuse of dominant position to influence market prices.
India govt cautions restaurants against forcing consumers to pay service charges
Consumers are also being falsely misled on the legality of such charges and harassed by restaurants on making a request to remove such charges from the bill amount.
Indonesia’s policy uncertainty hampers resumption of palm oil exports
The world's biggest palm oil producer had halted exports of the commodity from April 28 in an attempt to bring down soaring local prices of cooking oil, rattling global edible oil…
Cambodia, Myanmar expedite trade deals
Vice-president of the Cambodia Chamber of Commerce said the Double Taxation Avoidance Agreement will make it easier for investors to pay taxes, attracting more cross-border…