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.
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.
Singapore is putting together the final few pieces of its e-payment infrastructure jigsaw puzzle with the introduction of the Singapore Quick Response (SGQR) code.
The Electronic Transactions Development Agency’s (ETDA) latest report has revealed that the market value of business-to-consumer (B2C) e-commerce in Thailand ranked the highest in Southeast Asia at US$23.3 billion in 2017.
Southeast Asia continues to be urbanising at a rapid pace. Alongside this phenomenal growth, a younger and increasingly wealthier urban consumer base with bigger spending power has been steadily growing.
When the region’s internet penetration rate started to grow in the mid-2000s, many users in Southeast Asia started yearning for their very own “Amazon”, an e-commerce site where they could simply place an order online and have their goods delivered to t
e-Commerce is now in fashion. The Fourth Industrial Revolution has seen many sweeping changes take place in the tangible market, with Southeast Asia’s internet economy growing exponentially.
Indonesia, home to roughly 6 percent of Facebook Inc.'s users, isn't happy with the social-media giant. Officials there are even threatening to shut the service down after its latest egregious privacy scandal.