JAKARTA: Indonesia must synchronise monetary and fiscal policies better to tackle economic pressures caused by the pandemic, although the government does not back a proposal for a monetary board to oversee the country’s central bank, a top minister told Reuters. Coordinating Minister of Economic Affairs Airlangga Hartarto said the government was seeking to strengthen financial […]
Read MoreIndonesia on Tuesday added 12 more companies, including social media firm Twitter and video-conferencing site Zoom, to a list of internet-based businesses that must pay a 10% value-added tax on sales. In July Indonesia had already announced that Alphabet Inc’s Google Asia Pacific, Netflix and Facebook among other tech companies would be liable to VAT. […]
Read MoreManagement consulting company Redseer projected Indonesia’s online retail gross merchandise value (GMV), which indicates overall sales value, to surpass India’s this year, driven by a new cohort of e-commerce users amid the pandemic. Redseer Southeast Asia partner Roshan Raj Behera said Indonesia’s 2020 e-commerce GMV will reach US$40 billion this year, the third-highest in the world and higher […]
Read More[JAKARTA] Indonesia must synchronise monetary and fiscal policies better to tackle economic pressures caused by the pandemic, although the government does not back a proposal for a monetary board to oversee the country’s central bank, a top minister told Reuters. Coordinating Minister of Economic Affairs Airlangga Hartarto said the government was seeking to strengthen financial […]
Read MoreThe Hanoitimes – As a production hubs of world major tech firms such as Samsung, Vietnam is capable of manufacturing sophisticated products with high technological content, said an expert. Vietnam’s economy could surpass Thailand, Indonesia or the Philippines in coming years, according to C.K. Tong, CEO of BW Industrial Development, a joint venture between the US […]
Read MoreJAKARTA: The government is seeking to expand its business assistance programme to around three million more small businesses affected by the Covid-19 outbreak by reallocating funds from other programmes within the government’s stimulus plan. Cooperatives and Small and Medium Enterprises Minister Teten Masduki said that the ministry planned to increase the initial target of 12 […]
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Thailand
