[JAKARTA] Indonesia plans to cut several different taxes to boost investment and accelerate economic growth, its finance minister said on Wednesday, after noting the government’s 2019 growth target may be hard to reach. South-east Asia’s largest economy in the first quarter expanded 5.07 per cent from a year earlier, missing market expectations, leading Sri Mulyani […]
Read More[BANGKOK] Southeast Asian leaders will dissect the impact of the US-China tariff war this weekend at a Bangkok summit, with Beijing determined to drive forward a trade pact sweeping in 40 per cent of global commerce – but excluding America. Disputes in the flashpoint South China Sea and Myanmar’s treatment of Rohingya Muslims are also […]
Read MoreThe Hanoitimes – The acquisition deal between Uber and Grab did not translate into an act of economic concentration by obtaining ownership of another enterprise as stipulated by Vietnamese law. The Vietnam Competition Council (VCC), which is in charge of handling the case of ride-hailing firm Grab’s acquisition of Uber’s operation in the country, has ruled […]
Read MoreA HUGE infrastructure gap exists in Asean and it has become increasingly clear in recent years that the region may not be able to fund its infrastructure needs. With the ramping up in demand for infrastructure development, governments in Asean may need to re-look their approach to plugging the infrastructure gap. According to the Asian […]
Read MoreJAKARTA: Indonesia just made it cheaper for buyers to own an expensive house by raising the luxury tax threshold limit. The luxury levy of 20% on bungalows or high-rise condos will now apply only to properties valued at 30 billion rupiah (US$2.1mil) or more, according to a Finance Ministry notification. The levy previously applied to […]
Read MoreThailand’s ranking in cybersecurity readiness fell to 35th in 2017-18 from 20th in 2016 as other countries made better cybersecurity improvements. “The slip in ranking is not due to poorer cybersecurity competency in Thailand, as its overall score improved, it’s just that other countries have done better,” said Surangkana Wayuparb, president and chief executive of […]
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