The government and American mining giant Freeport-McMoran (FCX) plan to sign a sales and purchase agreement on Thursday afternoon in what would be another step toward majority ownership of PT Freeport Indonesia (PTFI) by state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum). The agreement is one of three required for the divestment process of PTPI’s shares. The two […]
Read MoreThe Asian Development Bank (ADB) has raised Thailand’s economic growth forecast to 4.5% this year and 4.3% in 2019 after robust growth of 4.8% in the first half amid improving economic prospects. “Looking ahead, we see high consumer confidence supporting domestic demand and the government’s welfare programme for low-income earners helping prop up domestic demand, ” Thiam […]
Read MoreThe Cambodian government is studying the possibility of introducing a tax on e-commerce sales and designing policies to support the expansion of the sector, as online trade is accelerating economic growth in the Kingdom. The comments came on Wednesday at a discussion seminar on online taxation, or e-tax, led by Finance Minister Aun Pornmoniroth. The conference focused […]
Read MoreSINGAPORE – Payments infrastructure firm Stripe said on Thursday (Sept 27) that it has selected Singapore as the site for its Asia-Pacific engineering hub. The new facility will build and expand Stripe’s global payments and treasury network for the company’s growing user base in the region. Stripe on Thursday also announced a new US$245 million […]
Read MoreThe Hanoitimes – Cyber security and privacy are some of the most challenging issues that Vietnam are facing during the digital transformation process, VietnamFinance reported. Vietnam has set the target of completing e-finance services by 2025, which are based on the platform of modern digital finance backed by open data and digital finance ecosystem, said Deputy […]
Read MoreMANILA, Philippines — The group representing the country’s biggest miners warned lawmakers yesterday that the planned imposition of higher taxes would kill the mining industry. “At present, we are paying a four percent excise tax. If you impose an additional five-percent royalty, plus local taxes, the total would be close to 12 percent. That will […]
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