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Philippines: Low-income social media earners tax exempt

THE Bureau of Internal Revenue (BIR) reminded social media influencers and play-to-earn gamers that they are exempt from paying income tax if they make less than P250,000 per year, but said they should still register with the agency. BIR Deputy Commissioner Marissa Cabreros told the Laging Handa briefing on Tuesday that these people should not be afraid to register […]

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Thai companies urged to invest in data

Thai businesses need to build data culture and literacy, invest in data science and embrace multi-cloud adoption to drive their data monetisation ability and competitiveness, says technology giant Dell Technologies. “Most businesses in Thailand are struggling with the proliferation of data,” said Noppadol Punyatipat, managing director of Dell Technologies Thailand. “Instead of offering a competitive […]

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Malaysia leads S-E Asia GDP downgrades amid Delta variant’s grip; S’pore only country to buck trend

HONG KONG (BLOOMBERG) – Malaysia leads growth downgrades by economists across South-east Asia as the Delta variant forces countries to reimpose pandemic restrictions. Malaysia’s growth outlook for this year was downgraded the most, a swing of 1.4 percentage points to a 4.3 per cent expansion, according to the latest economist survey results compiled by Bloomberg. […]

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Vietnam: Factories continue ‘three on-site’ model in HCM City amid stay-at-home policy

Companies in industrial parks (IPs) and export processing zones (EPZs) in HCM City will continue to operate despite stricter COVID-19 prevention and control measures being applied for two weeks starting on Monday. The HCM City Industrial Parks and Export Processing Zones Authority (HEPZA) has asked companies to continue the ‘three on-site’ model (work, eat, and rest at workplaces) or the ‘one route, two destinations’ model (workers […]

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Philippines net oil imports up 63% in H1

MANILA, Philippines — The Philippine net oil import rose in the first six months of the year on the back of higher volume and cost as the global oil market recovered, according to latest data from the Department of Energy (DOE). The net import bill or the difference between oil imports and exports amounted to […]

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