Favorable US tax ruling gives limited boost to big-box retailers
Complying with a U.S. Supreme Court ruling on Thursday that forces online retailers to collect sales tax just like their brick-and-mortar counterparts will be a heavy burden for smaller e-commerce businesses.
SINGAPORE (July 16): Boardroom, the regional corporate business solutions provider, is acquiring Symphony Corporatehouse and its subsidiaries for RM164.1 million (S$55.6 million) to provide both companies with further opportunities for growth.
On Friday, Boardroom signed the conditional share sale agreement with Symphony House for the acquisition of Symphony Corporatehouse and its subsidiary Sky Corporate Services, Symphony Share Registrars and Malaysian Issuing House.
KUALA LUMPUR (July 16): Thrift and loan co-operative Koperasi Angkatan Tentera Malaysia Bhd (KAT) has not abandoned its plan to become a full-fledged Islamic cooperative bank, which it has been pursuing in the last 12 years since 2002.
"We are now behaving more like a financial institution. We also have in place a core banking system," KAT chairman Datuk Zulkiflee Mazlan told reporters, after a 30-minute meeting with the Council of Eminent Persons (CEP) at Menara Ilham today.
The drone industry is on the cusp of a revolution, with consumer adoption expanding and commercial applications growing, yet the tight regulations stand in the way of exponential innovation. The industry is forecast to reach $100 billion market opportunity by 2020 (Goldman Sachs). The drone industry could impact our day to day lives through applications in search and rescue, healthcare, humanitarian aid, package delivery, and security. There is a two-fold issue faced by the industry in this regard. On one hand, there needs to be increased regulation and understanding of risk from a security standpoint as it pertains to public… This story continues at The Next Web