In addition to Go-Viet, we also have updates from the Indian government, OVO, and Crowde
Go-Viet general manager to leave the company in October – Deal Street Asia
Go-Viet, the Vietnam-based affiliation of Indonesian ride-hailing giant gojek, today announced the departure of general manager Christy Le, Deal Street Asia reported.
The company stated that the general manager, who was appointed in April, will step down starting next months. It does not name any replacement.
A former Vietnam country director at Facebook and COO at wearables company Misfit, Le was appointed after the former management of Go-Viet, including its CEO and CTO, resigned over a reported operational dispute.
“We always work hard to find a mutually agreeable way forward, but were unable to do so in this instance, so we wish her the best in her future endeavours,” Go-Viet commented.
India cuts corporate tax rate for local companies – Bloomberg
India’s finance minister Nirmala Sitharaman announced that tax on all domestic companies will be lowered to 22 per cent from the current base rate of 30 per cent, Bloomberg reported.
The effective new rate will be 25.2 per cent including all additional levies and is applicable only for companies.
This cut will lead India to have one of the lowest corporate tax rates in Asia while providing a more than US$20 billion boost to revive economic growth from a six-year low.
New companies formed from October 1 will attract a base tax rate of 15 per cent and effective rate of 17.01 per cent.
Also Read: Go-Viet, Go-Jek’s international debut, officially launches in Vietnam
Indonesia’s Crowde raises US$1M in ongoing Pre-Series A funding round – e27
Mandiri Capital Indonesia (MCI), the corporate venture capital of Bank Mandiri Indonesia, today announced that it has led the US$1 million Pre-Series A funding for agriculture-focussed P2P lending startup Crowde.
Along with the funding, Mandiri also participates as an institutional lender for credit loans through Crowde for US$7.1 million.
Crowde will use the funding to build its farmer-supporting technology.
OVO appoints Karaniya Dharmasaputra as President Director – e27
PT Visionet Internasional (OVO), an Indonesia-based digital, rewards, and financial services platform, has appointed Karaniya Dharmasaputra as President Director to succeed Adrian Suherman, who led the company for three years.
Karaniya Dharmasaputra is co-founder and CEO of Bareksa, an integrated online mutual fund marketplace in Indonesia, and the Co-Founder and Chairman of Indonesia Fintech Association (Aftech).
Dharmasaputra’s previous stints include positions in local leading media companies such as KOMPAS TV, KapanLagi Youniverse, Liputan6.com, The Jakarta Post, VIVA, and Tempo.
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Image Credit: Go-Viet
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