Southeast Asia is home to some of the world’s fastest expanding economies, with a combined economy about the size of the United Kingdom’s (UK’s) or US$2.6 trillion. Armed with a younger, urbanised and more affluent consumer base, the region continues to grow at a phenomenal pace.
Southeast Asians are spending more on Valentine’s Day, with new research confirming that the most romantic day of the year is becoming increasingly commercialised.
A recent report revealed that the government of Thailand has passed a bill that it hopes will ensure more effective tax collection, especially from e-commerce businesses.
Indonesia is one of the region’s best success stories. Despite having faced economic turmoil in the 1997 Asian Financial Crisis under the authoritarian Suharto regime, Indonesia is today one of the fastest growing economies in the world.
Online shopping in Singapore is lacklustre even after Amazon debuted its Prime service in mid-2017. The island’s malls are trying hard to keep it that way.
Southeast Asia’s internet economy is slated to be worth more than US$240 billion by 2025 according to a joint study by Google and Singapore’s Temasek Holdings covering the six most advanced internet economies in the region – Singapore, Malaysia, Indones
The digital economy stands to change the way we look at taxes. In Malaysia, the previous National Front-led government was mulling the decision to raise revenue by taxing the digital economy.