The Treasury Department is set to cut rental fees for land in special economic zones (SEZs) as a way to draw private investment, the department’s new chief says. The plan is to relax some conditions for developing state land for SEZs in the next round of auctions, Patchara Anuntasilpa said in his first interview with […]
Read MoreA white book published by European businesses has hit out at Myanmar’s protectionist tendencies blocking or stalling liberalisation and cited tax inefficiencies as one of the top concerns among investors. The European Chamber of Commerce Myanmar (EuroCham) published a white book, an annual publication identifying the year’s salient business, trade and investment issues affecting European […]
Read MoreJAKARTA — Alphabet Inc’s Google Asia Pacific headquarters has agreed on future tax payments with the Indonesian government, the country’s communications minister said on Wednesday. Finance Minister Sri Mulyani Indrawati had said on Tuesday that Indonesia had reached a tax deal with Google for 2016, following a months-long dispute over allegations that the search giant had not […]
Read MoreBus manufacturer SC Auto announced yesterday it is setting up a $30 million facility in Yangon, Myanmar, with support from International Enterprise (IE) Singapore, as it seeks further growth for its business. The 16,000 sq m facility, slated to begin production in the fourth quarter of next year, will enable SC Auto to increase its […]
Read MoreSINGAPORE’S resident unemployment rates for most age and education groups were higher in the first quarter of this year compared to a year ago, according to figures released by the Ministry of Manpower (MOM) on Tuesday. The increase in resident unemployment rates was more pronounced among residents aged below 30 (from 3.8 per cent to […]
Read MoreJAKARTA (REUTERS) – Indonesia has reached a settlement with Alphabet’s Google for 2016 in their dispute over taxes, the country’s finance minister said on Tuesday (June 13). “We already have an agreement with them based on 2016. But we can’t disclose the figure, that is a secret,” Indonesia Finance Minister Sri Mulyani Indrawati told reporters. […]
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