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Taxation 29 Sep 2017 | 12:00 AM

Digital tax raises concern among consumers

KUALA LUMPUR: The Government’s plan to amend the taxation system to include digital tax is leaving Malaysian consumers concern about the issue of double taxation.

e-Commerce 28 Sep 2017 | 10:45 AM

Digital tax raises concerns among Malaysian consumers

KUALA LUMPUR: The Government’s plan to amend the taxation system to include digital tax is leaving Malaysian consumers concern about the issue of double taxation. This is because the prices of online products sold on e-commerce platforms such as Lazada, Shopee and 11Street have already included the goods and services tax (GST).

Cryptocurrency 26 Sep 2017 | 10:50 PM

Kik Interactive raises US$100m from sale of tokens, Malaysia issues caution

NEW YORK: Kik Interactive, which created the global chat platform Kik, valued at $1 billion, said on Tuesday it raised nearly US$100 million in the sale of its own token, below its expectations.

Corporate News 23 Sep 2017 | 1:36 PM

Asean online services firm Sea seeks NYSE listing, Khazanah an investor

SINGAPORE: Southeast Asia's Sea Ltd, which provides e-commerce and digital payments services, is eyeing a $1 billion offering of new shares in aggregate in a proposed IPO on the New York Stock Exchange, according to a document it has filed with the U.S. Securities and Exchange Commission.

Business 23 Sep 2017 | 12:00 AM

Taxman comes to the digital world

THE tax offices of governments around the world are getting pretty worked up about the digital economy. They seem to be playing catch-up with businesses that are able to stealthily move into their countries without a traditional physical presence. And not only that, their product offerings are entirely in the form of bits and bytes.

Corporate News 22 Sep 2017 | 12:00 AM

Bezos bets US$5bil that Amazon can win India

BENGALURU: It’s mere weeks to the festival of Diwali, the season of lavish, reckless consumption, and in a cavernous warehouse minutes from the Hyderabad airport, hundreds of workers are furiously sorting mountains of everyday items.

Business 12 Aug 2017 | 12:00 AM

Chinese regulator starts probe into Tencent, Weibo and Baidu

HONG KONG: China’s online watchdog has launched an investigation into reports of multiple violations at news services run by Tencent Holdings Ltd, Baidu Inc and Weibo Corp, as the government continues to tighten scrutiny over Internet content.

Corporate News 11 Aug 2017 | 8:27 AM

Chinese startup Toutiao raising funds at over $20 bln valuation

HONG KONG: Chinese news aggregator Toutiao, backed by Sequoia Capital and CCB International, is raising at least $2 billion at a valuation of over $20 billion in its latest funding round, people familiar with the matter told Reuters.

Business 02 Aug 2017 | 12:00 AM

Sony tops profit estimates as chips, music lead growth

TOKYO: Sony Corp’s quarterly profit topped analyst estimates, thanks to demand for smartphone camera chips, a healthy music business and brisk sales of PlayStation 4 consoles and games.

Banking 01 Aug 2017 | 12:00 AM

The banker is always in

STOCKHOLM: Aida is the perfect employee: always courteous, always learning and, as she says, “always at work, 24/7, 365 days a year”