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Indonesia: PLN admits new calculation method causes increase in electricity bills

State-owned electricity company PLN acknowledged that the use of a new calculation method had caused an increase in electricity bills in April. PLN Jakarta general manager Ikhsan Asaad said on Wednesday that his office had addressed 2,200 complaints related to high electricity bills within the capital for the previous month. Ninety-four percent of the increases were proportional to […]

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Philippines: SEC warns vs more investment scams

MANILA, Philippines — The Securities and Exchange Commission (SEC) has noticed a continued spike in the proliferation of investment scams amid the coronavirus disease 2019 or COVID-19 pandemic. In separate advisories issued on May 5, the SEC identified five more groups engaged in investment-solicitation activities without the necessary license. These are CryptoInvestWith.Us (CIW.U); Won Project/ […]

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Vietnam faces increasing tax evasion and avoidance

Vietnam faces increasing tax evasion and avoidance as policies have not kept up with reality, according to a report by the Vietnam Institute for Economic and Policy Research (VEPR) and Oxfam. Tens of thousands of businesses have been detected violating enterprise income tax rules worth up to trillions of VND per year from 2010 – […]

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Brunei: Tax break for commercial buildings

A tax break has been granted to taxpayers of commercial buildings under the Municipal Boards, with consent from His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam. The announcement was made by Minister of Home Affairs Pehin Orang Kaya […]

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Thailand: Social commerce new key to survival

E-commerce is not an alternative, but a survival tactic for small businesses affected by the crisis, with social commerce accounting for 40% of total online transactions, says an e-commerce executive. Social commerce has been gaining popularity because it facilitates a direct interaction between buyers and sellers, said Thanawat Malabuppha, president of the Thai e-Commerce Association. […]

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