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South Korea’s unicorn Woowa Brothers acquires Vietnam’s food delivery Vietnammm

The Hanoitimes – Vietnam’s food delivery market is valued at US$33 million and is forecast to reach US$38 million in 2020. South Korea’s new unicorn Woowa Brothers, operator of the country’s leading food delivery platforms Baedal Minjok, has acquired Vietnam’s food delivery company Vietnammm, Deal Street Asia reported.  In 2015, Vietnammm acquired Foodpanda’s Vietnam operations from […]

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Energising Asean’s power sector with technology

TECHNOLOGY is fast becoming the bedrock of energy and power-related projects in Asean. Catalysed by ambitious goals, such as expanding the region’s renewable energy to 23 per cent by 2025, the power and energy industry is ripe for disruption. However, as cities drive their manufacturing sectors towards Industry 4.0 and ready themselves for smart and sustainable […]

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Indonesia aims to be tech hub

JAKARTA: In the near future, digital technology will deeply influence the country’s development, said Rudy Salahuddin, an official from the Office of the Coordinating Economic Minister. For that purpose, the government has vowed to issue or revise at least five regulations related to the sector. They are a government regulation on eCommerce, a personal data protection […]

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Indonesia: Taxation committee suggests incentives for online marketplace

The Taxation Supervisory Committee (KPP) has suggested that digital marketplace service providers need incentives to balance out the additional burden of a new regulation on tax treatment for e-commerce transactions. The KPP is an independent committee that is tasked with monitoring taxation policy and implementation. The committee, which reports directly to the Finance Minister, called for improvements to tax policy. KPP […]

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