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Indonesia: Rules unclear days prior to implementation of e-commerce taxation

The government is yet to issue a technical regulation on e-commerce taxationwith only several days left before the new policy is scheduled to take effect on April. 1. The expected technical regulation will be a taxation director general regulation(Perdirjen) to support Finance Ministerial Regulation No. 210/2018 on e-commerce taxation. Head of the Indonesian E-Commerce Association (iDEA) digital economy division Bima Laga said he was involved in […]

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Brunei: Total trade sees 33pc increase in January

BRUNEI Darussalam’s total trade in January 2019 increased by 33.3 per cent to BND1,436.7 million compared to January 2018. Total exports increased year on year by 27 per cent to BND952.6 million (January 2019) from BND749.8 million (January 2018). This was mainly attributed to the increase in the exports of crude oil and liquefied natural […]

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Thailand: Operators upbeat on tourism sector

Operators have a more optimistic outlook for this year’s tourism sector, with over 40 million international arrivals anticipated despite a slowdown in the first quarter and unclear election results.  The strong baht and global economic doldrums slowed growth in international arrivals during the first quarter of this year, estimated at 10.9 million, a 2.9% rise year-on- year, […]

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Malaysian palm oil price falls to 1-week low as high stocks weigh

KUALA LUMPUR: Malaysian palm oil futures slipped to a more than one-week low at one point on Thursday as high inventory levels continued to weigh on the market. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 0.8 percent at 2,120 ringgit ($520) a tonne by the close of trade, after hitting a more than one-week low of 2,106 ringgit earlier in […]

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