Property insiders have welcomed the General Department of Taxations (GDT) decision to delay the enactment of “prakas 346” (the 20 percent capital gains tax on individuals) until 2022 just two weeks after it was approved by the Prime Minister on Oct 9. After its approval earlier this month, the industry had been preparing for the […]
Read MoreGrab Philippines may again seek the government’s permission to participate in the latter’s extended motorcycle taxi pilot run, an official said on Wednesday. During a virtual briefing, Ronald Roda, Grab Philippines head of transport and shared services, said his company might approach the Department of Transportation on reintroducing its GrabBike ride-hailing service after Malacañang decided […]
Read MoreSINGAPORE – In the midst of a global pandemic that has disrupted supply chains, Singapore has strengthened its status as a global logistics hub and sees the sector as one of the bright sparks in its economy going forward, said Trade and Industry Minister Chan Chun Sing on Tuesday (Oct 27). It is expected to grow as […]
Read MoreCambodia officially launched on Wednesday a central bank-backed digital currency that draws on blockchain technology designed by a Japanese company. The e-money “Bakong”, an initiative of the National Bank of Cambodia, joins a very small group of digital currencies backed by central banks that have gone fully operational. Bakong, which supports transactions in the dollar […]
Read MoreEnergy experts have called on the government to reform electricity trading, allowing power firms to compete with the Electricity Generating Authority of Thailand (Egat) in order to reduce power bills for households and solve the oversupply of national power reserve. Egat has monopolised the market for 50 years, being a single buyer that sells electricity […]
Read MorePETALING JAYA: E-commerce platforms are hoping the government will continue to extend support to the industry to encourage more retailers to diversify their businesses and move online. Shopee regional managing director Ian Ho said recent initiatives such as the “Shop Malaysia Online” programme and the Penjana e-commerce initiative for SMEs have yielded positive benefits by […]
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