Malaysian PM Mahathir Mohamad suggests implementation of e-commerce tax

Malaysia should impose an e-commerce tax against online businesses, given how their growth presently exceeds that of businesses utilising ‘traditional’ models such as physical retail stores, said Malaysia’s Prime Minister Mahathir Mohamad. Speaking to reporters after the 34th Asean Summit gala dinner on Sat (22 Jun), Mahathir said that governments have been collecting “less tax” as many brick-and-mortar stores have …

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34% e-commerce consumers in Southeast Asia are unhappy with delivery experience

Despite being the fastest growing e-commerce region with over 62% Compound Annual Growth Rate (CAGR) growth over the last 3 years, delivery continues to be a challenge in Southeast Asia, a new survey by Parcel Perform and iPrice Group reveals. The survey was conducted with 80,000 e-commerce consumers across Singapore, Malaysia, Vietnam, Thailand, and Indonesia by Parcel Perform, the leading …

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4 tips for LGBTQ and singles to purchase property in Singapore

For the most of us, securing a property is one of the biggest milestones that we would want to achieve in our lives. It gives us a sense of accomplishment to know that we have a roof over our heads – whether it means owning our own home or just renting one. However, it’s definitely easier said than done. In …

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High net worth individuals and companies begin relocating assets from Hong Kong to Singapore following unrest over extradition Bill

As the political storm unfolds between the government of Hong Kong and the city’s denizens – particularly members of civil society – over the former’s divisive extradition Bill, the mega-wealthy are moving their assets elsewhere, including to Singapore. Financial Times reported Thu (20 Jun) that according to an executive vice-president from the Singapore Stock Exchange (SGX), Hong Kong’s Securities and …

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Visa unveils Future of Security Roadmap to strengthen payment security in Singapore

Today, millions of devices are reshaping how payments are made and accepted, and Singapore is at the forefront of this change. On 20 June, Visa, the world’s leader in digital payments, announced its ‘Future of Security Roadmap’ for Singapore, outlining a robust approach for strengthening payments security in the country over the next three years. The roadmap focuses on a …

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DBS Foundation Social Enterprise Grant 2019 opens for submissions

DBS Foundation, the first foundation in Singapore dedicated to championing social entrepreneurship, has launched its 2019 cycle of the DBS Foundation Social Enterprise (SE) Grant. Applications submitted by 31 July 2019 will be evaluated in this cycle (August to September 2019), and successful applicants can expect to receive between SGD 50,000 and SGD 250,000 grants in November 2019. Social entrepreneurs …

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