THE VAT treatment on supplies of digital goods and services continues to be an area of focus and rapid changes in many countries, affecting businesses around the world. In keeping with this trend, the Thai government is working on developing amendments to the current VAT law that will capture digital services. The second draft of […]
Read MoreMANILA, Philippines — Digitalization is set to boost the country’s domestic output as financial technology (fintech) innovations continue to promote inclusive growth, according to the Bangko Sentral ng Pilipinas (BSP). In his speech during the 39th National Conference of Employers, BSP Governor Nestor Espenilla Jr. said the country’s gross domestic product (GDP) growth may expand […]
Read MoreConcerns of falling demand are mounting among vehicle spare parts traders following the government’s new import policy announced in January, which permits only imports of new left-hand-drive vehicles The new policy has dealt a blow to the once thriving industry, which had catered mainly to owners of second hand, right-hand-drive Japanese cars. In Myanmar, spare […]
Read MoreThe Hanoitimes – As one of the fastest growing E-commerce markets globally, world leading companies are vying for Vietnam`s market share. E-commerce currently accounts for 0.5% of the fast-moving consumer goods (FMCG) market in the four key cities, according to “The Future of E-commerce in FMCG” report released by market research firm Kantar Worldpanel. Consequently, the […]
Read MoreTHE Ministry of Finance is holding firm against efforts for a draft bill on the regulation of digital currencies to be watered down, especially with the imposition of a 15 per cent withholding tax on transactions. The ministry said the draft bill had been passed by the Council of State and it rejected suggestions that […]
Read MoreState Counsellor Daw Aung San Suu Kyi on Monday received Mr Kim Hyun-chong, Minister of Trade, Industry and Energy of Korea in Nay Pyi Taw, according to state-owned media. During their meeting, the leaders agreed to enhance existing bilateral economic relations by promoting trade and investment as well as sharing technology. South Korea is also […]
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