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Philippines: Tax audit set for foreign gaming firms

MANILA, Philippines — The Bureau of Internal Revenue (BIR) is planning to audit the income taxes that were withheld and remitted by Philippine offshore gaming operators (POGOs) for their foreign workers, a top official of the agency said. In an interview, Internal Revenue Deputy Commissioner Arnel Guballa said the agency is planning to counter-check the […]

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Vietnam leads Southeast Asia in growth of convenience stores

The Hanoitimes – Convenience store channel has become a battlefield for domestic and foreign retailers due to its great potential. Vietnam has recorded the fastest growth in convenience stores compared to regional peers, and this channel has become a battlefield for domestic and foreign retailers due to its great potential, according to Tri Thuc Tre. A […]

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Thailand to unveil Asean tourism push

Thailand is set to release comprehensive gastronomy guidelines for the Asean region by the end of this year to facilitate the recovery of tourism figures, after the industry has been hurt by a string of challenges, including dangerous air pollution in the North, the global economic slowdown and the strengthening of the baht. As this […]

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Setting up a Fintech in Singapore: Market opportunities and navigating the regulatory environment

Michael Correa sheds light on the key opportunities in the Singapore market for aspiring fintechs, according to the findings of the 2018 Westpac EIU Fintechs in ASEAN Report. 1. Why do Fintechs typically choose Singapore as a base for their operations? Fintechs typically choose Singapore to expand their current product range in a new market, access developer talent […]

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Thailand: Decision soon on PPP duty-free issue

A legal subcommittee under the Public-Private Partnership (PPP) committee is expected to decide whether the bidding process for the duty-free shop concession falls under the newly amended PPP Act by the end of this month.  If the subcommittee finds that duty-free shop bidding must be done under the act, the terms of reference must comply with […]

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