MANILA, Philippines — Grab Philippines on Monday confirmed that it has acquired the operations of San Francisco-based Uber in Southeast Asia. The announcement follows reports that Grab has finalized a deal with Uber, which includes the latter’s exit from Southeast Asia. “Today we announce an important milestone in the ridesharing industry — Grab has acquired […]
Read MoreMANILA, Philippines — The Philippines will continue to enjoy the incentives under the US Generalized System of Preferences (GSP) for the next three years, the Department of Trade and Industry (DTI) announced yesterday. The DTI said the US GSP was reauthorized on March 23 after President Donald Trump signed the Omnibus Spending Bill which included […]
Read MoreState-owned energy company Pertamina increased the price of Pertalite-branded gasoline to Rp 7,800 (55 US cents) per liter on Saturday, Rp 200 higher than the previous price. The 90 RON gasoline has become a widely used alternative for customers typically preferring the subsidized Premium brand, such as drivers of public transportation minivans and motorcyclists, because […]
Read MoreSome merchants are exploiting the online distribution channel to avoid tax payment even though they have physical shops, says a source at the Revenue Department. These merchants may offer discounts to attract customers to buy online because they can share the profits from sales at their outlets with department stores where their shops are located, as […]
Read MoreAsia’s rapid development over the past four decades has transformed the region’s stature in the world economy, lifting hundreds of millions of people out of poverty and creating new opportunities for future prosperity. As the region continues its explosive growth and people continue to migrate to cities at an unprecedented rate, the challenge now is to […]
Read MoreWHEN it comes to tech startup hubs in South-East Asia, entrepreneurs sometimes look past Malaysia to the lure of Singapore’s vibrant financial centre or Indonesia’s attractiveness as the region’s largest economy. They shouldn’t, said a former Microsoft Corp executive who’s now in charge of driving the country’s digital economy. Policy makers are serious about developing […]
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