The Revenue Department is concerned that its collection of corporate income tax in the fiscal year 2021 will fall short of its target as listed companies’ profits last year are expected to be 40% lower than the previous year, said the department’s director-general Ekniti Nitithanprapas. Listed companies’ corporate income tax accounts for 30% of the […]
Read MoreAFP – Two of Indonesia’s most successful start-ups are to merge, the companies announced yesterday, creating the largest tech firm in the world’s fourth most populous country. Ride-hailing and payments giant Gojek and e-commerce firm Tokopedia – which generated transactions worth a combined $22 billion in 2020 – agreed to form the GoTo Group, they said […]
Read MoreiFast Corp, an online brokerage that’s been Singapore’s best-performing stock over the past year, is betting on China and a retail-trading frenzy to help it grow assets by more than fivefold by 2028. Although the firm’s Chinese operations are loss-making, Chief Executive Officer Lim Chung Chun said the nation is poised to become the wealth-management […]
Read MoreMANILA, Philippines — The Philippines’ financial industry is modestly susceptible to getting used for criminal activities, including money laundering and plunder, raising the specter for further defenses in the fast-growing sector. Corporate regulators see a “medium risk” of crime penetrating the financial sector based on an assessment of 304 players including investment houses, dealers and brokers that […]
Read MoreThe Kingdom’s total goods exports to the US, the world’s largest economy in nominal terms, sharply increased in the first quarter of the year to attain nearly $1.863 billion, even amid production stoppages and other Covid woes. This was 16.84 per cent higher than the $1.594 billion in merchandise exports logged in January-March 2020, according […]
Read MoreThailand’s gross domestic product (GDP) in the first quarter of this year contracted by 2.6 per cent because the third wave of Covid-19 infections has hurt the economy and tourism industry, the National Economic and Social Development Council (NESDC) said on Monday. However, it was a marked improvement from the 4.2 per cent contraction in […]
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