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Thailand: Trade association pushes for equitable tax collection

The Thai E-commerce Association is urging the government to ensure fair competition between local online sellers and cross-border products through tax collection to safeguard the 150- billion-baht online retail market in Thailand.  “The departments of Customs and Revenue should properly implement tax collection for international sellers, particularly Chinese players selling via online channels,” said Thanawat Malabuppha, newly […]

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Philippines: NEDA pushes early passage of rice tariff bill

Move seen to stabilize prices, temper inflation MANILA, Philippines — The National Economic and Development Authority (NEDA) urged lawmakers yesterday to immediately pass the rice tariffication bill, stressing that easing rice importation can slash a percentage point off headline inflation which is expected to remain within the five percent level until the third quarter this […]

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Thailand: Digital asset licences at hand

The Finance Ministry’s announcement on approving digital asset licensing took effect Tuesday, and interested parties can apply for licences from the Securities and Exchange Commission (SEC).  Existing businesses that already operate a digital asset business or newcomers interested in obtaining licences as brokerage firms, traders or trading centres for digital assets can apply for official licences at […]

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Singapore: MAS tells financial institutions to tighten customer verification

ADDRESSING the potential risk that information stolen during the cyber attack on SingHealth may be used by fraudsters to impersonate customers and perform unauthorised financial transactions, the Monetary Authority of Singapore (MAS) has ordered financial institutions to tighten their customer-verification processes. With immediate effect, all financial institutions should not rely solely on the types of […]

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