Companies listed in the local bourse are entitled to a 50 percent deduction in income tax, according to a sub-decree issued earlier this month. Sub-decree No. 01 on Tax Incentives for the Securities Sector, which was signed by Prime Minister Hun Sen on Jan 4, also establishes exemptions of the withholding and value-added taxes, among […]
Read MoreResponding to recent confusion over a finance ministerial regulation on taxation for online transactions, the Director General of Taxation will issue a regulation as a guideline for traders who conduct business using e-commerce platforms. Finance Minister Sri Mulyani Indrawati said on Wednesday that the director general would ensure that online merchants would not have to […]
Read MorePETALING JAYA: The Malaysian automotive sector is expected to shift into lower gear in 2019 as total vehicle sales are projected to be flattish, marking a sharp reversal from last year’s stronger-than-expected sales performance. Anticipating a meagre 0.21% growth in total industry volume (TIV) for 2019, the Malaysian Automotive Association (MAA) said the Pakatan Harapan […]
Read MoreSINGAPORE’S exports ended 2018 on a weak note with non-oil domestic exports (NODX) falling for the second straight month in December, dashing economists’ expectations of a 2 per cent rebound, according to Enterprise Singapore figures on Thursday. NODX was down 8.5 per cent year on year in December from a high base a year ago, […]
Read MoreWhen Google and Temasek undertook a study of the internet economy in Southeast Asia in 2017, they predicted it would be worth US$200 billion by 2025. In November last year, they revised that prediction upward to $240 billion to reflect the rapid rise of e-commerce, fuelled by demand for everything from vacation rentals to food delivery, […]
Read MoreMANILA, Philippines — The economy likely grew by 6.5 percent in 2018, within the lower range of the government’s gross domestic product (GDP) growth target for that year, the Department of Budget and Management (DBM) said yesterday. During his weekly press briefing, Budget Secretary Benjamin Diokno said the country’s real GDP is estimated to have grown by at least […]
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Thailand
