TEMPO.CO, Jakarta – Minister of Communications and Informatics Rudiantara said that Indonesian startups are growing rapidly, flexing their muscles to the world with remarkable achievements, and are even comparable to a number of Unicorns in Germany. “Not only in terms of Unicorns, even in terms of startups, Indonesia has shown its level,” said Rudiantara, while giving a public lecture on […]
Read MoreThree applicants have proposed to offer refund services for value-added tax (VAT) for foreign tourists, says the Revenue Department. Stores registered as juristic entities submitted their applications from Sept 7-17 to become representatives of the Revenue Department in offering VAT refund services for foreign tourists, said Ekniti Nitithanprapas, director-general of the Revenue Department. The essential criteria […]
Read MoreMANILA, Philippines — The Philippine travel and tourism sector has the potential to further increase its contribution to gross domestic product (GDP) if it fully embraces digital platforms and data innovation, a report by the Pacific Asia Travel Association (PATA) said. In a joint report with Oxford Economics, PATA revealed that the 91 percent of […]
Read MoreThe Hanoitimes – Vietnam will no longer grant investment certificate for projects using outdated technologies, which potentially pose negative impacts on the environment. Vietnam gives priority to attracting high-quality foreign direct investment (FDI), focusing on environmentally friendly projects with cutting-edge technologies in the Fourth Industrial Revolution, stated Minister of Planning and Investment Nguyen Chi Dung. More […]
Read MoreThe government looks set to remove three service businesses from List 3 under the Foreign Business Act (FBA) to facilitate foreign investment in Thailand, with the move to take effect next year. Kulanee Issadisai, director-general of the Business Development Department, said the Foreign Business Commission’s meeting, chaired by the commerce permanent secretary, on Tuesday agreed to withdraw […]
Read MoreTEMPO.CO, Jakarta – The structure of Indonesia’s external debts at the end of July 2018 remained manageable with healthy level, Bank Indonesia (BI) said. This is among others reflected in the ratio of the country’s external debts to gross domestic product (GDP) that is stable at around 34 percent at the end of the month, the central bank […]
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