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PETALING JAYA: The gradual removal of the import duty on cars from Japan and Australia will encourage new original equipment manufacturers (OEMs) to invest in the country, said industry experts and observers.
KUALA LUMPUR: Stronger ringgit and steep rise in India’s import duty on crude palm oil (CPO) have dampened the exports of Malaysian palm oil products for the Nov 1-20, 2017 period by 6.25%.
KUALA LUMPUR: The stronger ringgit and a steep rise in India’s import duty on crude palm oil (CPO) have dampened the exports of Malaysian palm oil products between Nov 1 and Nov 20, 2017 by 6.25%.
Come Jan 1, cars imported from Asean countries will be cheaper by up to 10% as a result of a reduction in import duty under Malaysia#8217;s commitment to the Asean Free Trade Agreement (Afta).
BANGKOK: Most Southeast Asian stock markets fell on Friday, with shares of retailers underperforming in Indonesia on concerns over new import duty rules, while Singapore's key index hit a more than one-week low after weak industrial production data.
KUALA LUMPUR: Master Builders Association Malaysia (MBAM) has called for the reduction of import duty for heavy machinery used in the construction industry to allow suppliers to be more competitive.
NEW DELHI: India's farm ministry has proposed that the government cut the 30 percent import duty on oilseeds in the budget to be unveiled on Saturday to help local refiners make use of unutilised capacity, a senior ministry official said.