Jakarta may have a warranted reputation as one of the world’s most affordable cities for common muggles like ourselves, and the same applies for the rich, according to a study on the prices of luxury goods in several major cities. In Swiss private banking group Julius Bär’s Global Lifestyle Report 2021, Jakarta placed 20th in […]
Read MoreSINGAPORE (Reuters) – Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly US$40 billion and paving the way for a coveted U.S. listing. The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street […]
Read MoreMANILA, Philippines — The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) yesterday said sales rebounded in March with an 88 percent growth from the same month a year ago. Compared to the previous month, however, vehicle sales declined by 21 percent. A joint report released yesterday showed combined sales of the CAMPI and […]
Read MoreState-owned Government Savings Bank (GSB) is poised to ramp up its full-fledged mobile banking development plans to accommodate its ambitious role as a social banking provider. President and chief executive Vitai Ratanakorn said the ultimate goal as a social bank is to narrow social disparity and reduce poverty in the country through lending and other […]
Read MoreThe government has issued a sub-decree on the implementation of value-added tax (VAT) on e-commerce activities in Cambodia. The sub-decree, signed by Prime Minister Hun Sen on April 8, defines special conditions and mechanisms for levying VAT on digital goods and services provided by non-resident taxpayers who do no have a permanent office in Cambodia […]
Read MoreMANILA, Philippines — With new investors still holding back, foreign firms securing funds from their headquarters early in the year provided the single bump on foreign direct investments (FDI) in January. FDI registered a net inflow of $961 million in January, up 41.5% year-on-year, the Bangko Sentral ng Pilipinas (BSP) reported Monday. A net inflow […]
Read More
Thailand
