ACT Admin
Singapore GDP growth slows to 0.6% as manufacturing slumps
The Singapore economy grew by 0.6% year-on-year in the third quarter of 2016, easing from the 2% growth in the previous quarter as the...
Draft order sets up rules on establishment of bonded warehouses in...
The recently released draft rules governing customs bonded warehouses (CBWs) and customs facilities and warehouses (CFWs) in the Philippines create clearer regulations on their establishment...
Myanmar’s new investment law targets export-based businesses
Myanmar is steering new investments towards export-oriented and labor-intensive ventures with its new investment law that is scheduled to take effect in three months’...
New EU-UNCTAD agreement to help Central Africa cut trade costs
Geneva, 14 October 2016 - The United Nations Conference on Trade and Development (UNCTAD) is set to support Central African countries cut the costs of their cross-border...
Enhanced Singapore-Australia FTA widens areas for trade, investment exchange
Singapore and Australia have signed an upgraded Singapore-Australia Free Trade Agreement (SAFTA) that will see an increase in the flow of goods, services, and...
Vietnam, Eurasian free trade deal takes effect
The free trade agreement between Vietnam and the Eurasian Economic Union (EAEU), which officially took effect October 5, 2016, will provide the ASEAN member-country...
“Trade must be an engine of growth for all” – WTO,...
Article from WTO.
World Trade Organization (WTO) Director-General Roberto Azevêdo, International Monetary Fund (IMF) Managing Director Christine Lagarde and World Bank Group President Jim Yong Kim...
Lao Customs to impose VAT on passengers’ personal effects
The Customs Department under Laos’ Ministry of Finance will begin collecting valued added tax (VAT) payments from passengers starting November.
The tax will be initially...
Previous PH Customs Reform Efforts
This is the third part of a four-part article outlining the major problems confronting the Philippine Bureau of Customs; the previous efforts to reform and...
New PH Customs order raises de minimis threshold by 99,900%
Goods imported into the Philippines with de minimis value of P10,000 and below are no longer subject to duties and taxes based on a...
