Singapore could end up as ‘collateral damage’ under Trump 2.0 tariffs, says foreign affairs official
While US tariffs may not be targeted at the Republic, they affect the whole economic environment, and that impacts Singapore.
Economic Affairs
Shanghai looks to enhance collaboration with UK
Shanghai looks to explore new opportunities presented by the successful China-UK Economic and Financial Dialogue held on Saturday to further strengthen collaboration with the…
US top remittance source in Nov, Dhaka top recipient
Bangladeshi migrants sent home $2,199.99 million in November. Of it, $511.96 million came from the US and $684.58 million was sent to Dhaka district.
Thai government eyes US$3.5 to 7 billion tourism revenue from legalising casinos
On Monday, the Thai Cabinet approved the principle of the draft “Entertainment Complex Business Act, which aims to legalise the kingdom’s underground gambling industry,…
In Bangladesh, foreign fruits turn costlier for duty hike
The duty on some fresh fruits, such as grapes, apples, and watermelons, as well as on juices, was raised to 30 percent from 20 per cent.
Indonesia to roll out sweetened beverage excise by second half of 2025
The proposed levy is expected to boost excise revenue and curb excessive sugar consumption among the population, which health experts have linked to a sharp rise in diabetes…
Philippine economy one of strongest performers in Southeast Asia, says UN report
In its recently published flagship report World Economic Situation and Prospects 2025, the UN projects Philippine economic growth to accelerate to 6.1 percent this year.
China to boost consumption, expand imports in 2025
In terms of foreign trade, China will actively expand imports, develop cross-border e-commerce and green trade, and promote trade digitalisation.
Bangladesh debt now in uneasy territory
The main concern now is the liquidity shortage in both local and foreign currency, said Zahid Hussain, a former lead economist of the World Bank's Dhaka office.
In Bangladesh, VAT, SD on nearly 100 items hiked despite inflation worries
Consumers will be required to pay up to 15 per cent VAT on restaurants, biscuits and cakes, pickles and tomato sauce, clothes, tailoring shops and tailors, toilet tissue, napkins…