The German Rubber Industry Association (WDK) is urging the European Union to adopt a “first-touch clearance” under the EUDR, warning that the current framework risks overwhelming natural rubber (NR) businesses with excessive and repetitive bureaucracy.
Thailand’s lower house of Parliament passed a 3.78 trillion baht (US$117 billion or RM490.46 billion) annual budget, needed to support a fragile economy that’s at risk from issues ranging from the impact of higher US tariffs to a downturn in tourism.
Oil slipped as traders turned their attention to US President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy on Monday, with the Ukrainian leader facing US pressure to reach a peace deal with Russia that involves ceding territory.
Malaysia’s ringgit is poised to restart a rally, potentially hitting its strongest level against the dollar in almost a year, as analysts see a dovish central bank and fiscal pledges boosting sentiment.
Singapore's non-oil domestic exports fell 4.6% in July from the same month a year earlier, government data showed on Monday, weaker than analysts' estimates as pharmaceuticals led a drop in non-electronics shipments. The fall compared with a Reuters poll forecast for annual contraction of 1.8%, and followed a revised 12.9% rise in June.
India has proposed lowering the goods and services tax (GST) on small cars to 18% from the current 28% as part of sweeping consumption tax cuts, a government source said on Monday.