Indonesia
E-commerce platforms will be liable to withhold tax directly from sellers under the new plan.
1
GIC, Linden Capital buy minority stake in Canadian healthcare marketing firm Klick
2
Saudi quick commerce firm Ninja raises $254m; enters unicorn club
3
PH’s new tax slash spurs hope for more IPOs in the next 2 years
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Indonesia’s tax withholding proposal for e-commerce platforms raises alarms
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PIDG tackles private capital's inertia towards climate finance
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World
TikTok has developed a plan to launch the new app to US app stores on Sept 5.
Malaysia
Move based on fears that the tech could be diverted to China.
India
Sebi has seized $567 million of the US firm’s funds.
Vietnam
Nike and Adidas source shoes and clothes from Vietnam.
Sebi has impounded an unprecedented $566.71m from Jane Street.
Singapore
The firm is looking to back early-stage startups focused on energy efficiency technologies
Synopsys, Cadence and Siemens said they are restoring access to their tech for Chinese customers.
Trump’s announcement comes just days before a July 9 deadline before he ramps up tariffs on most imports.
Rest of Asia
The inquiry suggests the acquisition may undergo an extended government review.