The Cabinet yesterday approved a proposal to collect VAT from foreign|e-commerce and Internet platforms. It has also given the green light for the collection of a 7-per cent value added tax from foreign vendors and e-commerce platforms, said government spokesman Maj-Gen Sansern Kaewkamnerd. The taxes will apply to those selling goods and services on Internet […]
Read MoreMANILA, Philippines — Monetary policy responses to inflation were timely and appropriate amid calls for more forceful policy action, according to Bangko Sentral ng Pilipinas (BSP). In his speech during the 2018 mid-year economic briefing organized by the Institute of Corporate Directors, BSP Governor Nestor Espenilla Jr. said the successive rate hikes in May and […]
Read MoreCLOTHING and accessories topped the items for online purchases for consumers in the Sultanate, at 73 per cent, followed by travel and tourist services (50 per cent), cosmetics and healthcare (32 per cent), consumer electronics (31 per cent) and digital content such as apps (26 per cent). These were the findings of the first e-commerce […]
Read MoreSINGAPORE: Malaysia is inching closer to regaining its lead over Singapore’s economy after trailing for a third straight year. The nation’s gross domestic product was $314.5 billion in 2017, about $9.4 billion less than Singapore’s $323.9 billion, according to data from the World Bank. That deficit is set to shrink to just over $2 billion […]
Read MoreKUALA LUMPUR: Malaysia’s inflation rate fell below 1% in June, which was the first time in 40 months following the abolishment of the Goods and Services Tax (GST) , discounted prices by retailers and price control due to the festivities. The Statistics Department said on Wednesday the Consumer Price Index (CPI) was 0.8% in June […]
Read MoreIndonesia will soon auction 16 mining sites as no proposal submissions have been submitted by state-owned enterprises (BUMN) and regional administration-owned enterprises (BUMD) as of the submission deadline on Tuesday. Under Energy and Mineral Resources Ministerial Regulation No 11/2011 on the proposal submission procedures for the operation of coal and mineral resource sites, BUMNs and BUMDs are given priority to submit proposals. […]
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Thailand
