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BUSINESS

Year of tighter regulations

Business, Post Reporters, Published on 30/12/2022

» Throughout 2022 digital asset businesses were under scrutiny from the Securities and Exchange Commission (SEC), imposing several new regulations to mirror the international market, with the objective of improving investor protection.

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BUSINESS

End of share sales tax waiver

Business, Post Reporters, Published on 30/12/2022

» The end of the waiver for the financial transaction tax on stock sales is scheduled to take effect in 2023, increasing the country's revenue as part of a tax system overhaul.

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BUSINESS

Tougher PDPA enforcement

Business, Published on 30/12/2022

» The Personal Data Protection Act (PDPA) came into effect on June 1, 2022, amid expectations the country will improve its standards for personal data protection, in line with the international community.

BUSINESS

Slow property market

Published on 30/12/2022

» Developers expect the residential market in 2023 to slog down with the expiration of the eased loan-to-value (LTV) limits on Dec 31, 2022, as homebuyers will need a higher amount of savings to buy a unit when using a mortgage.

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PROPERTY

Slow property market

Business, Post Reporters, Published on 30/12/2022

» Developers expect the residential market in 2023 to slog down with the expiration of the eased loan-to-value (LTV) limits on Dec 31, 2022, as homebuyers will need a higher amount of savings to buy a unit when using a mortgage.

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BUSINESS

Pressure from land levy

Business, Post Reporters, Published on 30/12/2022

» The government's plan to reintroduce the full levy for the land and building tax in the 2022 tax year has hoteliers concerned, following a 90% reduction of the tax granted to property owners during the pandemic years.

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SPORTS

Pele, eternal king of the beautiful game

AFP, Published on 30/12/2022

» RIO DE JANEIRO: Pele was the best-loved footballer of his or any other generation, the eternal master of the beautiful game.

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SPORTS

Brazilian football legend Pele has died: family 

AFP, Published on 30/12/2022

» SAO PAULO: Brazilian football icon Pele, widely regarded as the greatest player of all time and a three-time World Cup winner who masterminded the "beautiful game," has died at the age of 82, his family said Thursday.

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WORLD

Ethiopian federal police deploy in Tigray after peace deal

AFP, Published on 30/12/2022

» NAIROBI - Ethiopia's federal police began to deploy on Thursday in the capital of war-torn Tigray for the first time in 18 months, the police said, marking the latest step in a nearly two-month-old peace deal.

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WORLD

Ivorian troops on trial in Mali as deadline looms in row

AFP, Published on 30/12/2022

» BAMAKO - Forty-six Ivorian troops whose detention by Mali triggered a bitter diplomatic row were brought in for trial at a court of appeal in Bamako on Thursday, an AFP reporter saw.