Sunday, September 26, 2021
Thailand will start collecting value added tax (VAT) from foreign technology companies starting Wednesday (Sep 1). According to a senior official from the Thai government, the tax is expected to raise at least minimum of 5 billion baht ($154.70 million) in additional revenues each year. Foreign platforms which provides electronic...
Fintech and e-commerce companies in Southeast Asia are raising hefty amounts of capital as global investors bet on post-pandemic technology plays, bankers and investors said, a trend that is also stoking concerns about frothy valuations. Public equity capital raising by Southeast Asian firms has surged to a four-year high of...
The incentives Thailand announced recently to promote investment in the manufacturing of semiconductors and related industries, as well as research and development, aim to further strengthen Thailand’s electronics supply chain at a critical juncture when the sector sees rising investment in face of global challenges, the Thailand Board of Investment (BOI) said. “The Covid-19 crisis has...
WeWork, a global space provider, has launched WeWork Growth Campus, a new initiative aimed at boosting Southeast Asia’s entrepreneurial startup ecosystem. While Southeast Asia has seen some scale-ups rise to new heights during the pandemic, COVID-19 has presented a huge challenge for startups and the community that supports them. With...
The bio-circular and green (BCG) economy is likely the best model in the short term to revitalise a Thai economy battered by Covid-19 outbreaks, says Suvit Maesincee, the former higher education, science, research and innovation minister. Based on Thailand's strengths in agriculture, its rich natural resources, diversity and physical geography,...
A report by the Wall Street Journal on Monday (Aug 2) claims that the highly contagious Delta variant is stalling Asia's economic recovery after an early rebound. The report said that adding to rising COVID-19 cases, slow progress on vaccinations has begun to paralyze the region that had, until recently,...
Huawei announced its plan to invest US$100 million in startup support at the inaugural HUAWEI CLOUD Spark Founders Summit, which took place simultaneously in Singapore and Hong Kong. Huawei said the investment would go towards its Spark Program in the Asia Pacific region, which aims to build a sustainable startup...
Entrepreneurs - Is This The Right Time To Start A Business
At the moment with the never ending sight of the pandemic waning away, obviously there's a high degree of uncertainty in the world. For some though, in this unprecedented time, it's the perfect opportunity to start a business. Historically, after every financial crisis, innovation and creativity tends to spark new...
SoftBank Group (SBG) is stepping up investment in startups in Southeast Asia again. Many of these startups are unicorns -- a company valued at over $1 billion -- or soon-to-be unicorns. SBG aims to repeat the success it made with Grab, a Singapore-based ride-hailer, whose corporate value shot up after...
Companies in South-east Asia raised a record US$4.9 billion through initial public offerings (IPOs) in the first six months of this year, according to Bloomberg's equity capital markets data. With a further US$4.1 billion raised through additional and rights offerings, the total amount raised by these newly listed firms via...
Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival. Gross domestic product is expected to grow 1.8% this year, according to the latest...
South Korea's trade ministry said on Tuesday (Jul 27) it has launched talks with ASEAN to update their free trade agreement (FTA) and further lower trade barriers, as the country seeks to diversify its trade portfolio and expand its presence in Southeast Asia. Officials from the two held a virtual...

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