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Cambodia: GDCE’s revenue up 35 percent

Revenue at the General Department of Customs and Excise (GDCE) saw a significant increase during the first nine months of the year, growing by 35 percent over the corresponding period last year, GDCE’s director said last week. From January to September, the department collected almost $2.4 billion in revenue, the equivalent of 106 percent of […]

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Gojek co-founder resigns CEO post to join new Indonesian Cabinet

[SINGAPORE] Nadiem Makarim, co-founder of Indonesia’s first startup unicorn Gojek, has resigned as chief executive officer of the ride-hailing giant to take on a Cabinet post in the country’s new government. His appointment is in line with President Joko Widodo’s publicly stated preference to include professionals and millennials in his second-term team. Mr Widodo, commonly […]

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Thailand: BoT governor warns of financial system risk from ultra-low rates

WASHINGTON: Huge global capital flows and prolonged ultra-low interest rate policies of advanced nations have made it harder for emerging economies to protect their financial system, Bank of Thailand Governor Veerathai Santiprabhob said on Sunday. Given a surge in the past decade of capital flows driven by global investors seeking “speculative returns,” emerging economies have […]

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