06.10.20 - 12.11.20 Sup SEAkers!
Vietnam's information minister, Nguyen Manh Hung singled out Netflix and newcomer Apple TV for not paying tax, saying foreign platforms earn an estimated $44 million a year in revenues from a skyrocketing subscriber base across Vietnam.
This Week's News Spotlight:
Survey shows that Singaporean women prefer taller and richer men | Malaysia ranks fourth in top countries of China’s 11.11 sales | Huawei invests USD 23.1 million in Thailand data center | Southeast Asia’s internet economy to hit USD 105 billion | Vietnam minister accuses Netflix and Apple of tax evasion
Survey shows that Singaporean women prefer taller and richer men - TODAY
In contrast, 66% of Singaporean men surveyed were open to dating taller women.
A survey by matchmaking agency Lunch Actually—conducted across Hong Kong, Indonesia, Malaysia, Singapore, and Thailand—found that Singaporean women were the least likely to date a guy who was shorter than them and earned less.
Furthermore, while 61% of Singaporean women thought that men should make the first move, only 20% of men felt the same.
Malaysia ranks fourth in top countries of China’s 11/11 sales - New Straits Times
Findings from ShopBack Malaysia’s user shopping data found that 12am-1am was “undoubtedly” the peak shopping hour.
In a list of countries purchasing from China during online shopping day 11/11, Malaysia ranks number four, behind the United States, Russia, and France, based on gross merchandise value.
During this major sales event last year, more than USD 4.8 million merchant sales were generated through ShopBack Malaysia alone, with the company’s country general manager pointing to this as a sign of Malaysians’ spending power.
Huawei invests USD 23.1 million in Thailand data center - Bangkok Post
Thailand’s digital economy currently contributes less than 20% of GDP, showing that there is still much room to grow in this space.
Chinese tech giant Huawei intends to invest USD 23.1 million in building its third data center in Thailand next year, as part of plans to build Thailand as a digital hub for the region. This is the same amount invested in its first data center.
Abel Deng, chief executive of Huawei Technologies Thailand, added that they are confident of Thailand’s potential to become ASEAN’s first digital hub, and that this move will increase the contribution of the digital economy to GDP up to 30% by 2030.
Southeast Asia’s internet economy to hit USD 105 billion - Jakarta Post
From 2019, Southeast Asia’s internet economy has expanded by 5%.
With the pandemic accelerating the digital economy, Southeast Asia’s internet economy will hit USD 105 billion this year, according to a report by Google, Singapore state investor Temasek Holdings, and business consultant firm Bain & Co.
The report analysed statistics from Indonesia, Malaysia, Vietnam, Singapore, and the Philippines, and said that the region saw 40 million new internet users this year, bringing the total to 40 million. About 70% of the region is now online.
Vietnam minister accuses Netflix and Apple of tax evasion - CNA
Foreign streaming firms have a combined revenue of almost USD 43 million from 1 million subscribers in Vietnam.
On Tuesday, Vietnam’s information minister accused foreign streaming companies like Netflix and Apple of not paying tax, adding that it creates unfair competition for domestic firms. According to the information and communications ministry, these foreign streaming firms have nearly 1 million subscribers, but have never paid tax in Vietnam.
Last month, Netflix said in a statement that a mechanism for tax collection with Vietnamese authorities was in the works. The information ministry, finance ministry, and tax departments in Vietnam are cooperating by calculating these firms’ revenues in Vietnam, so as to facilitate tax collection.