Southeast Asia E-commerce Business Intelligence
July 13, 2017
July 10, 2017
FACEBOOK BUSINESS MUST PAY FIVE PER CENT REVENUE TAX
Small and home-based business owners who use the Facebook platform to sell products and have revenue of more than VND100 million (US$4,500) per year will be taxed at five per cent.
In early June, the HCM City and Ha Noi Taxation Departments sent 13,400 notifications to Facebook businesses and over 1,000 businesses contacted with tax officials in HCM City.
“To reduce tax losses from online business, tax authorities have worked with Facebook, Google and Apple Store to have e-commerce accounts, worked with banks regarding revenue and worked with police to have a list of those who haven’t paid tax,” Le Thi Thu Huong, deputy head of the HCM City Taxation Department said. [Read more in EN]
Strategic review for the financial SSC of an agricultural company.
Strategic plan and new Information Systems outlines for the Tunisian postal operator.
Analysis of the market and its players for the Vietnamese mobile business.
Creation of an internal headhunting company for a big agricultural company (US$ 6 billions).
Launch of the weekly ASEAN e-commerce Business Intelligence report. <See more>
July 12, 2017
THAILAND CONSIDERS E-COMMERCE TAXATION
The Revenue Department (RD) of Thailand is considering ways to improve and increase revenue collection from businesses operating in electronic commerce (e-commerce).
In the past few years, the RD has launched several attempts to include e-commerce business operators into the Thai tax system. It is planning to strip tax-exemption of goods worth under 1,500 THB (44 USD) for businesses operating in e-commerce without presence in Thailand.
According to the Ministry of Commerce, revenue collection from businesses has declined recently. The Thai Government has considered imposing new income tax for e-commerce operators without business registration in Thailand. The maximum tax will be 15 percent instead of the current 50 percent for all businesses. [Read more in EN]
July 05, 2017
ALIBABA TO BUILD E-COMMERCE PARK IN EEC
Chinese e-commerce giant Alibaba Group has pledged to build an e-commerce park on 300 rai in Thailand's Eastern Economic Corridor (EEC) to serve Asean's burgeoning e-commerce market, says Industry Minister Uttama Savanayana.
The park will serve as the centre of Alibaba's logistics operations in Asean, he said. Alibaba Group expects to sign the project's first-phase contract with local developers in the third quarter of 2017, and start construction in the last quarter.
The second phase will include an R&D facility and a business development centre tailored to cater to small and medium-sized companies, Mr Uttama said. [Read more in EN]
July 06, 2017
OMISE ACQUIRES ONLINE PAYMENT BUSINESS PAYSBUY FROM THAI OPERATOR DTAC
Thailand’s Omise announced today that it will acquire the online payments business of Paysbuy from local telco Total Access Communication (DTAC). The value of the deal was not disclosed.
Under the terms of the agreement, Paysbuy’s payments facility will be merged into Omise’s. The rest of Paysbuy’s assets will remain with DTAC.
News of the acquisition follows reports yesterday that Omise has raised US$25 million in funding via a digital token sale.
Paysbuy was among the first online payments services to be made available to Thai consumers when it was launched by DTAC – one of the kingdom’s largest mobile carriers and a subsidiary of Norway’s Telenor – back in 2004. [Read more in EN]
July 06, 2017
MYREPUBLIC PLANS TO LAUNCH MOBILE SERVICES IN SINGAPORE
Local fibre broadband operator MyRepublic announced plans to launch mobile services in Singapore as early as October this year.
MyRepublic hopes to raise $100 million to propel its telco dreams in Singapore and three other markets - Australia, New Zealand and Indonesia - it operates in. Mobile service launches in Indonesia, Australia and New Zealand are planned for next year.
The money will also be used to install optical fibre infrastructure in Indonesia to grow its fibre broadband customer base, which stands at 100,000 subscribers.
In Singapore, MyRepublic has 70,000 fibre broadband subscribers. It hopes to garner a 5-6 per cent market share in Singapore's mobile market in five years. [Read more in EN]
July 12, 2017
CLOUD PLATFORM LAUNCHES PORTAL CREATOR FOR SMES IN PHILIPPINES
Cloud channel GoDaddy launched its new web-site builder in the Philippines to help small and medium enterprises (SMEs) grow their ventures online on the back of strong mobile-technology penetration in the country.
This portal creator combines mobile-optimized web-site capability with an integrated set of online marketing and e-commerce tools to get SMEs online simply and rapidly attract visitors.
According to Google’s The Connected Consumer Survey in 2016, the adoption rate of mobile phones in the Philippines is at 88 percent.
With the increased mobility, entrepreneurs have favorable feedbacks about how their businesses gain from having their portals created through GoDaddy’s Website Builder. [Read more in EN]
July 11, 2017
TENCENT’S WECHAT PAY LOOKS TO OFFER PAYMENT SERVICES IN MALAYSIA
Chinese Tencent Holdings Ltd has applied for a license in Malaysia to offer local payment services via its WeChat Pay, in what would be a first for the platform beyond mainland China and Hong Kong, said the director of WeChat Pay's global operation.
If approved, users in Malaysia will be able to link their local bank accounts to WeChat Pay and pay for goods and services in ringgit.
"Malaysia has a large Chinese community," Grace Yin said on the sidelines of a Hong Kong technology conference, explaining Tencent's choice of test bed. [Read more in EN]
July 06, 2017
SINGAPOREANS ARE THE MOST PICKY E-COMMERCE CUSTOMERS IN SOUTHEAST ASIA
The latest study by the iPrice Group revealed that Singaporean consumers are amongst the hardest to impress especially for e-commerce players.
According to the study, 34.7% of complaints surveyed by iPrice came from Singaporeans. When leaving a product review after a purchase, Singaporeans complain 20% more frequently than those in Thailand, for instance.
iPrice Group content marketer Benjamin Sim Jeor Ming said in an exclusive interview with Singapore Business Review that this could be very well rooted to the high standards of Singaporeans, as reflected by the quality they have in high regard for their education, infrastructure, and healthcare. In this case, e-commerce is not an exception. [Read more in EN]