Malaysia’s expanded Sales and Service Tax comes into effect July 1
In a statement on Monday, June 9, the Finance Ministry said this measure is to strengthen the country's fiscal position by increasing revenue and broadening the tax base.
ECONOMIC AFFAIRS
India’s extreme poverty rate declines from 27.1% in 2011-12 to 5.3% in 2022-23: World Bank
India has lifted 171 million people from extreme poverty in the decade between 2011-12 and 2022-23, as per the international financial institution.
Pakistan’s agricultural sector teetering on the brink, warn stakeholders
Officials say that the overall production of important crops has seen a collective decrease of 13.49 per cent in FY25, and the overall agricultural sector growth has nosedived…
Higher food cost in Japan causes price increases in cafeterias, affecting university students
The impact is serious in Kyoto, where students make up 10% of the population. Although their operators, such as university co-ops, have strived to overcome the difficult…
Indonesia faces brain drain as skilled graduates leave for jobs abroad
Experts say this large-scale emigration of highly educated graduates and skilled professionals in search of better opportunities and a higher standard of living, threatens…
Philippine market tagged best in Southeast Asia on slowing inflation
Inflation cooled to a five-year low of 1.3 percent in May from 1.4 percent in April due to lower utility costs.
Japan’s birth rate remains low despite efforts; expert recommends reduced working hours
According to the nation’s 2024 vital statistics, the number of babies born to Japanese citizens in Japan fell below 700,000 for the first time, and the total fertility rate, or…
Vietnam sustains positive socio-economic performance thus far: PM
On June 2, electricity consumption reached an all-time high, while the supply was still guaranteed. Budget overspending and public debt were kept under control, growth was…
Cambodia’s government plans $35 million to support modern agricultural communities
This initiative is part of a broader effort to enhance agricultural quality and market competitiveness. The government also plans to expand the development of these communities…
Japanese government to consider buying back high-bid stockpiled rice
Some distributors are calling for the cancellation of transactions completed as the bidding process yielded higher prices than no-bid contracts, Agriculture, Forestry and…