A Sri Lanka rubber traders group has said the government’s decision to abolish the Simplified Value Added Tax (SVAT) scheme from October 1 would cause ‘severe and far-reaching consequences’, and urged it to differ or phase it out.
“According to the latest research study, the demand of the global Rubber Tire Market size & share was valued at approximately USD 166.8 Billion in 2024 and is expected to reach USD 172.4 Billion in 2025 and is expected to reach a value of around USD 237.1 Billion by 2034, at a compound annual growth rate (CAGR) of about 3.36% during the forecast period 2025 to 2034.”
Malaysia’s producer price index (PPI), which measures price changes at the producer level, recorded a smaller decline at 2.8% in August 2025, compared with a 3.8% decrease in July 2025, the Department of Statistics Malaysia (DOSM) said.
China will deploy policy-based financial tools to the value of 500 billion yuan (US$70.25 billion or RM295.9 billion) to accelerate investment projects, the state's planner said on Monday, as part of efforts to support the slowing economy.
European Central Bank chief economist Philip Lane said he doesn’t see any major risks to inflation in either direction, suggesting he and his colleagues may be happy to leave interest rates where they are for the time being.
From the muddy grounds of a former amusement park on South Korea's coast, tens of thousands of vehicles are being packed for shipment overseas as booming used car exports help to mitigate the impact of US tariffs on new car sales.