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Indonesia: 75% of survey respondents reject regulated ride-hailing ‘ojek’ fares

The Research Institute of Socio-Economic Development (RISED) in Surabaya has released on Monday a survey on ride-hailing ojek (motorcycle taxi) customers, in which 75 percent of respondents rejected the new government-regulated fares for exceeding the amount they were willing to pay. The survey, which involved 3,000 respondents, found that 47.6 percent refused to spend an additional Rp 5,000 (35 US cents) on their daily ojek rides, while […]

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Singapore central bank studying licences for virtual banks

SINGAPORE: Singapore‘s central bank said it is studying whether to allow financial technology firms to operate digital-only banks in the city-state, as regulators in other Asian markets begin issuing virtual banking licences. Singapore is among several financial centres in the region, such as Hong Kong, Seoul and Tokyo, pushing to become a fintech hotspot. Measures in recent years include state funding, […]

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Thailand: Department to bump up tax base

The Revenue Department aims to add 200,000 individuals to the income tax base every year, says director-general Ekniti Nitithanprapas.  The number of individual income tax filers surged by 300,000 from 10.9 million in 2017 to 11.2 million last year, he said. Salary earners and small businesses both online and offline contributed to the higher tax base.  […]

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