‘Tax cuts for super rich’ becomes battle line between South Korea’s rival parties
They have locked horns over a thorny issue—an overhaul of the country’s 25-year-old inheritance tax system.
ECONOMIC AFFAIRS
Indonesia’s newly launched sovereign wealth fund faces uphill battle for investor trust, say analysts
Called Daya Anagata Nusantara or Danantara, it is a superholding set to consolidate all state-owned enterprises (SOEs) and is envisioned as a national investment management firm…
Report warns of explosive debt increase, growth freeze in South Korea
These concerns are fueled by South Korea being the world’s fastest aging population, while the country’s productivity is expected to nearly stagnate by 2072.
Japan to propose significantly hiking taxable annual income threshold
The ruling LDP and Komeito had initially aimed to set the limit at ¥1.23 million. According to a senior LDP official, the ¥1.03 million annual income threshold will be raised to…
Thailand’s economic struggle: Can the former Asian tiger regain its roar?
The kingdom faces a complex web of domestic challenges that have created significant headwinds for economic revival.
Singapore Budget 2025 both generous and responsible, say experts
An expert calls it an “even-handed approach Budget” that focuses on the social dimension as well as the economic dimension, and seeks to get the balance right in dealing with…
South Korea declares ‘all-out’ efforts to face down Trump-era tariffs
Government rolls out sweeping aid package, including record US$253 billion in policy funding.
Japan exports rise in January on brisk auto exports to US, but tariff threat looms
The solid trade report came after Japan’s GDP data released on Monday showed the economy grew faster than expected in the October-December quarter, strengthening the case for…
Pakistan PM Shehbaz welcomes $40bn ‘investment’ from World Bank
The Prime Minister stated that the inflow will open “a new chapter” in various sectors of the economy.
US cancels $39 million in aid for Nepal’s federalism and biodiversity projects
The funding for federalism and conservation initiatives halted as part of broader foreign aid cuts.