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Indonesia: Tax office to issue e-commerce taxation guideline

Responding to recent confusion over a finance ministerial regulation on taxation for online transactions, the Director General of Taxation will issue a regulation as a guideline for traders who conduct business using e-commerce platforms. Finance Minister Sri Mulyani Indrawati said on Wednesday that the director general would ensure that online merchants would not have to […]

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Car sales in Malaysia to shift to lower gear

PETALING JAYA: The Malaysian automotive sector is expected to shift into lower gear in 2019 as total vehicle sales are projected to be flattish, marking a sharp reversal from last year’s stronger-than-expected sales performance. Anticipating a meagre 0.21% growth in total industry volume (TIV) for 2019, the Malaysian Automotive Association (MAA) said the Pakatan Harapan […]

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The search for e-commerce talent in Asean

When Google and Temasek undertook a study of the internet economy in Southeast Asia in 2017, they predicted it would be worth US$200 billion by 2025. In November last year, they revised that prediction upward to $240 billion to reflect the rapid rise of e-commerce, fuelled by demand for everything from vacation rentals to food delivery, […]

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Philippines: GDP growth seen at slower 6.5% in 2018

MANILA, Philippines — The economy likely grew by 6.5 percent in 2018, within the lower range of the government’s gross domestic product (GDP) growth target for that year, the Department of Budget and Management (DBM) said yesterday. During his weekly press briefing, Budget Secretary Benjamin Diokno said the country’s real GDP is estimated to have grown by at least […]

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