BUSINESSES located in some of Manila’s offices, hotels and casinos could lose their investment incentives over the next five years as the Philippines looks to overhaul its corporate taxation. Under a new bill, the government wants to phase out its current set of tax perks, among South-east Asia’s most generous, and businesses will have to […]
Read MoreIndonesian President Joko Widodo said on Friday he would press on with plans to move the nation’s capital and roll out measures to kickstart Southeast Asia’s biggest economy as it feels the sting of slowing global growth. Widodo asked parliament to sign off on a plan for a new capital in Borneo, shifting Indonesia’s political […]
Read MoreTwo months of increasingly chaotic protests in Hong Kong are driving investment money out of the city and into Thailand’s ultra-luxury condominiums, according to one of the biggest developers in the Southeast Asian country. Some 40% of the condos in a 52-story Bangkok tower that opened last week have already been sold to buyers from […]
Read MoreThe chorus of voices defending and opposing the reduction of tax rates for undisclosed income has come to the fore again following the submission of the Union Tax Bill 2019 to the Pyidaungsu Hluttaw earlier this month. The proposed tax reduction rate, or tax amnesty, could see tax rates revised to 3 percent for income […]
Read MoreThe Hanoitimes – John Chong, CEO of Maybank Kim Eng, said in order to take advantage of the shifting of FDI inflow from tech firms, Vietnam must make investments to improve its labor force and infrastructure. Though Vietnam has opportunities in attracting FDI firms in the wake of the Sino-US trade dispute, the country must make […]
Read MoreIndonesia’s digital economy is expected to almost double in value from Rp 814 trillion last year to Rp 1.447 quadrillion (US$101 billion) by 2024, a recent study says. The joint study by the Institute for Development of Economics and Finance (Indef) and non-profit research foundation Laboratorium Data Persada has found that the digital economy generated added […]
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