Taiwan Semiconductor Manufacturing Company—one of the top chipmakers in the world and an Apple supplier—plans to up its production costs by as much as 20%. It’s previously been reported that processor manufacturer TSMC would prioritize Apple, and the automotive industry, over other firms as the global chip shortage continues. However, TSMC is believed to be about to raise its prices — and now Apple is expected to pass that increased cost onto consumers for the next iPhone. While this is definitely possible, we’ll have to see whether that price hike is spread evenly across the entire iPhone 13 lineup or…
Author: Miley Selena
Vietnam Vaccine JSC received 1.44 million doses of the AstraZeneca Covid-19 vaccine in HCMC Thursday as part of its deal with the Swedish-British company. Of the 30 million doses it is buying, it has received around 8.2 million so far. More stories at Vietnam Insider’s homepage. Vietnam has received over 25 million vaccines through commercial contracts, the global vaccine access mechanism Covax and foreign aid. It has vaccinated over 18.5 million people with 2.1 million getting two shots. The country aims to vaccinate 70 percent of its 96 million population by next year. By Vnexpress. Related Vietnam Insider
HCMC was once a promising land for many Filipino immigrants. But during the period of strict social distancing from May onwards, many people have lost their jobs and live on social support. Sharon Quidangen Tanallon lving in a small room in District 7 Sharon Quidangen Tanallon, 47, another mother from the Philippines teaching English in HCMC. She shared that “I used to think that I had overcome all difficulties and had a stable career to support a living. When I first came to HCMC in 2018, I did all kinds of jobs such as tutor, caregiver, maid and even…
The Vietnamese government has given permission for the U.K. visa application center in Hanoi to reopen after a month on August 30 but with restrictions. More stories at Vietnam Insider’s homepage. It would only function on Mondays, Wednesdays and Fridays and from 8:30 a.m. to 2:30 p.m., the British embassy said in its official Facebook page. People coming to the center will have to furnish negative Covid PCR test results obtained not more than 72 hours earlier. The visa application centers in Ho Chi Minh City and Da Nang remain closed as both cities have tough lockdown measures to contain…
Rs 1 cr or Rs 10 cr: How big should your retirement corpus be? Read more: EconomicTimes
Effective from July 1, 2021, those who have not filed income tax returns (ITR) for FY 2018-19 and FY 2019-20 and their aggregate TDS and TCS in each of these financial years exceeds Rs 50,000, will face higher TDS/TCS on most non-salary incomes. The income tax department has created a list of persons (called specified persons) for whom this higher rate of TDS, TCS will be applicable. Tax deductors such as banks, mutual funds, companies etc. can check if higher tax is to be deducted from interest/dividend paid to an individual. This list can be viewed here: https://report.insight.gov.in. by the…
Vietnam is considered to be one of the fastest and relatively stable-growing economies in Asia over the past years. In 2021, Newly- and additionally-registered foreign direct investment capital increased in the first eight months, while capital contributions and share purchases dropped. The total newly-registered and added capital, as well as capital contributions and share purchases in the first seven months of 2021, amounted to nearly $19.1 billion, down 2.1 per cent on-year. Also read: How to set-up a foreign invested company in Vietnam According to according to the Ministry of Planning and Investment, a total of 1,135 projects received new…
Vietnam recorded 11,569 new local Covid-19 cases, bringing the total coronavirus tally in the new wave to 388,815, Health Ministry reported on Thursday 2,000 people in Binh Thanh District of HCMC evacuated from apartment complexes, where many numbers of Covid-19 cases recorded. Visit Vietnam Insider’s homepage for more stories The three localities with the highest numbers of new cases were the southern neighbors Binh Duong with 4,868 cases, Ho Chi Minh City with 3,934 cases and Dong Nai with 743 cases. According to Health Ministry, 318 new Covid-19 deaths were recorded, with 242 in Ho Chi Minh City, 46 in…
Thailand’s Bank of Ayudhya (BAY) said on Wednesday that it will acquire SHB Finance in Vietnam from Saigon-Hanoi Commercial Joint Stock Bank for 5.1 billion baht ($155.77 million). The Saigon-Hanoi Commercial Bank (SHB) of Vietnam has reached a deal to transfer a 50% stake its financial consumer company to Thailand’s Bank of Ayudhya Public Company (Krungsri), another 50% set to follow in the next three years. The move still awaits approval from the State Bank of Vietnam (SBV), regulators from Thailand and Japan, where the Mitsubishi UFJ Financial Group (MUFG), Krungsri’s parent company, is located. While details of the deal…
Yogyakarta, the epicentre of Indonesia’s arts and culture domain, has undoubtedly one of the most creative tapestries in the world. In many ways, this is borne from Indonesia’s artistic cultural heritage. Indonesia’s rich and diverse culture has provided endless and timeless inspiration for the country’s artists and craftsmen. In line with Indonesia’s rising wave of digital revolution, the country’s arts and culture domain has also extended its reach to the digital sphere. With its rapidly expanding network of virtual influencers, content curators and community builders, the local creator economy is witnessing a resurgence. With Indonesia being a leading country in…