LAST MONTH, the Revenue Department announced the introduction of a new headquarters tax regime called International Business Centre (IBC). The existing tax incentive regimes – International Headquarters (IHQ), Regional Operating Headquarters (ROH) and International Trading Centre (ITC) – as of October 10, 2018 are no longer available to new applicants. Current beneficiaries of these regimes […]
Read MoreMANILA, Philippines — Local farmers are poised to lose P60 billion every year with the Senate’s version of the rice tariffication bill, a much higher value than the supposed fund to be allocated to improve their competitiveness, a farmers group said. The Federation of Free Farmers (FFF) has decried the mangling of the Rice Competitiveness Enhancement Fund (RCEF) […]
Read MoreDespite the state planning agency painting a murky picture of exports, the Commerce Ministry remains resolute in its 8% growth forecast for this year and next. Banjongjitt Angsusingh, director-general of the ministry’s International Trade Promotion Department, said Tuesday that exports are relatively strong despite a 5.2% year-on-year decline in September. She predicted that exports would fetch […]
Read More[SINGAPORE] Sea Ltd, operator of Southeast Asia’s biggest gaming platform, reported a wider third-quarter loss on rising investments at e-commerce unit Shopee. Net loss increased to US$218 million in the three months ended Sept 30 from US$132.8 million a year earlier, the company said. Total revenue rose to US$204.9 million from US$94.1 million. Sea has […]
Read MoreThe European Chamber of Commerce Myanmar (EuroCham) and local industry organisation Myanmar Automotive Group (MAG) have signed an agreement to cooperate on efforts to advocate for a stronger automotive industry in Myanmar. The agreement signed by EuroCham’s Automotive Advocacy Group and MAG last week is expected to work on suggestions for the government to help […]
Read MoreKUCHING: Budget 2019’s digital tax at the commercial level could potentially impact companies that rely on foreign digital services such as web hosting, AmInvestment Bank Bhd (AmInvestment Bank) opine in a N2N Connect Bhd (N2N) company report. According to AmInvestment Bank, these foreign digital services include web hosting, cloud storage, payment gateway and customer-relationship management […]
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Thailand
