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Indonesia: Jakarta delays purchase of new tax software system

INDONESIA’S tax office will postpone until next year the purchase of new US$200 million software to analyse compliance and boost revenues in South-east Asia’s largest economy, the country’s tax chief said on Tuesday. The resource-rich nation last year announced that it would upgrade its outdated tax technology, following the success of its 2016-2017 tax amnesty […]

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Philippines: Businesses turn more optimistic in Q2, but consumers wary of higher prices

MANILA, Philippines — Businesses turned more optimistic for the second straight quarter in the second quarter, but Filipino consumers are wary of higher prices and expenses, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Redentor Paolo Alegre, director of the central bank’s Department of Economic Statistics (DES), said results of the latest Business Expectation Survey […]

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Thailand’s Kasikornbank partners with Vietnam incubator to support startup community

The Hanoitimes – Kasikornbank subsidiary KVision had earmarked US$245 million to invest in Thai and foreign startups, particularly those in Vietnam. Kasikornbank, Thailand’s second-largest lender, is partnering with state-run Vietnam’s Business Startup Support Center (BSSC) to help Thai and Vietnamese startups with their regional expansion plans, Nikkei Asian Review reported. Following a memorandum of understanding signed […]

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Thailand: FTI seeks measures to rein in baht

The Federation of Thai Industries (FTI) is calling on the Bank of Thailand to launch new measures to rein in the baht’s rapid gains after the currency hit a more than six-year high, aiming to prevent the export slump from deepening. “The baht is making wild swings and is strong,” said chairman Supant Mongkolsuthree. “The […]

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