Your Online Budols Might Get Pricier: Govt Reviews Taxes on Cheap Online Goods
Traditional retailers are raising concerns about what they describe as an uneven playing field as online marketplaces continue to reshape consumer behavior; one where cheap imported goods enter the country with minimal tax exposure, undercutting local businesses and distorting competition. The Department of Trade and Industry (DTI) and the Department of Finance (DOF) are now […]
Singapore Pressures Banks to Reassess Financing High-Risk Clients Linked to Indonesia Fire
Instead of relying solely on diplomatic channels or regulatory penalties, the Monetary Authority of Singapore (MAS) is now directing banks to tighten scrutiny, restrict financing, and even terminate relationships with companies linked to Indonesia’s forest fires. MAS warned that lenders may need to limit exposure or cut ties with firms contributing to the haze blanketing […]