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Indonesians who hide assets abroad face punishment

The Directorate General of Taxation will seriously investigate Indonesian assets that are not reported through the annual tax return form (SPT), and is preparing punishment for non-compliant taxpayers, Finance Minister Sri Mulyani Indrawati said over the weekend. She said the first step would be for the Directorate General of Taxation to check the status of any Indonesian wealth parked […]

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3M, Amazon, Qualcomm seek cooperation on technology and innovation with Vietnam

The Hanoitimes – US enterprises are interested in Vietnam’s policies and initiatives towards developing a digital economy and the innovative startups. Major US high-tech corporations including 3M, Dow, Amazon and Qualcomm are seeking cooperation in technology and innovation with Vietnam, according to the Ministry of Science and Technology (MST). Such information was given at the meeting […]

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Cambodia: High-end construction material demand up

The growth in the Kingdom’s construction sector – particularly the building of condominiums, commercial centres and residential zones – has pushed the demand for high-end construction materials and furniture, especially products imported from Europe and the Americas. Cambodia also imports lower-cost products from China, Vietnam and Thailand. Hong Limtong, general manager of CBMS Trading Co […]

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Philippines: BSP seen holding rates in policy meeting

MANILA, Philippines — London-based Capital Economics expects the Bangko Sentral ng Pilipinas to keep its key policy rates steady in a meeting this week. “We think the BSP will wait until May to adjust policy,” said the research firm in a research note over the weekend. As inflation eased to a one-year low of 3.8 percent in February, the […]

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Indonesia: Footwear exports to expand this year

 Industry Minister Airlangga Hartarto is optimistic the exports of footwear products will increase to US$6.5 billion this year and reach $10 billion in the next four years. “Moreover, Indonesia has signed the CEPA with Australia and the European Free Trade Association [EFTA]. This has the potential to expand the export market for our manufactured products,” […]

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