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PETALING JAYA: India’s cut in crude palm oil (CPO) import duty to 27.5% will make CPO more attractive, as the commodity is set to regain some of the market shares it lost to sunflower and soybean oils this year, says Maybank Kim Eng.
AS with previous budgets, businesses and the public will be hoping for lower taxes and more incentives in their Budget 2021 wishlists.
INDIA plans to impose stringent quality control measures and higher tariffs on imports from China, people with the knowledge of the matter said, as a military standoff between the neighbors threaten economic ties.
KUALA LUMPUR (Bernama) -- COVID-19 hit oil palm smallholders and companies can heave a sigh of relief overt a tax exemption provided under the National Economic Recovery Plan (PENJANA) that was aimed at managing the country’s stock level and stabilise the crude palm oil (CPO) price.
THE commodity-related industries in Malaysia are grappling with the coronavirus (Covid-19) turmoil that has led to the current depressed prices and gloomy export outlook in the coming months.
KUALA LUMPUR: Face masks produced by registered manufacturers will be exempted for sales tax by Royal Malaysian Customs Department effective Monday in a new effort by the government to lower the price of the product. Imports will also be exempted from duty.
KUALA LUMPUR: The Finance Ministry (MoF) has exempted certain types of face masks from import duty and sales tax, effective March 23.