SINGAPORE: Businesses providing digital services, such as the streaming of entertainment content, will have to pay the Goods and Services Tax (GST) from Jan 1, 2020, Finance Minister Heng Swee Keat said. Experts contacted by TODAY said that this move is one of the first steps that the government is taking to look at ways for taxes […]
Read MoreHONG KONG/JAKARTA: Indonesia will become the first Asian country to sell “green” bonds internationally as it looks to tap into growing investor interest in climate-friendly investments. Globally, US$155.5 billion of so-called green bonds were sold last year, according to the London-based Climate Bonds Initiative. But only a handful of governments have themselves sold such deals, […]
Read MoreThe government is upbeat about the country’s export prospects after shipments rose at the fastest rate in more than five years in January. Commerce Minister Sontirat Sontijirawong said that despite the strong baht, exports could tally 8% growth this quarter, boosted by higher shipments, particularly of computers and components, auto and parts, plastic pellets, jewellery, […]
Read MoreA few elites will benefit from reviving Dawei SEZ, but what about the rest? Civil society organisations demand authorities to halt the controversial Dawei project and rethink. CIVIL society organisations have demanded the authorities to reconsider the plans to revive the controversial Dawei Special Economic Zone (SEZ). They argued that a site-wide environment impact assessment […]
Read MoreMANILA, Philippines — Term deposit rates rose across the board yesterday, ahead of the impending reduction in the level of deposits that banks are required to maintain with the central bank. The seven-day term deposits fetched a higher rate of 2.8164 percent from 2.7232 percent last week, while the 14-day tenor recorded a rate of […]
Read MoreNETFLIX has an office in Singapore, but it does not collect goods and services tax (GST) for its subscriptions now. Ordinarily, a company that sets up shop in Singapore, and sells services to consumers here, would be charging GST on behalf of the government once they make S$1 million in sales. This consumption tax bill […]
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