RM2 billion of tax revenue lost from online gambling annually: Malaysia minister
Deputy Communications and Multimedia Minister Datuk Zahidi Zainul Abidin said the Finance Ministry is preparing to amend and consider the best taxation method to use.
ECONOMIC AFFAIRS
State Bank of Pakistan clarifies its foreign exchange reserves have not dried up
The statement from the central bank comes amid reports of its reserves falling to an alarmingly low level along with the suspension of import payments.
Cambodia has spent over $3 billion spent in two years to combat Covid-19
The report, released on May 31, showed that this spending was aimed at supporting businesses, preserving life, and increasing people's socio-economic resilience.
Inflation-ridden Nepalis hit by record hike in petroleum prices
Adding to the inflation-caused woes, experts say prices have been hiked sharply at a time when the country’s economic indicators—from farming to trade—are at their worst.
26,000 provincial bus workers lose jobs due to rising fuel prices
Only 20 to 30 percent of provincial buses are currently operating, with some 26,000 to 28,000 workers, including drivers, conductors, and ticket sellers affected.
Pakistan finance minister hopeful of IMF agreement within ‘1 or 2 days’
So far, Pakistan and the IMF have not yet been able to reach close to a staff-level agreement for revival of the loan programme.
South Korea’s misery index reaches highest in 21 years
The misery index, which measures how people actually feel about economic distress, was originally developed by Arthur Okun, an economist from the Brookings Institute, in the 1960s.
Universal pension: Bangladesh govt okays draft act
As per the draft law, a person will have to provide a premium for at least 10 years to get pension from the age of 60 until his death.
Real wage decline could push low-income families into poverty
It is possible that the coronavirus pandemic caused a structural change in demand for workers with increased reliance on digital technology in both production and distribution of…
Philippines policymakers brace for economic oil shock
A senior economist noted that Philippines’ energy mix is secondly dominated by oil, and elevated global energy prices are likely to impact more than 50 per cent of their power…