South Korea’s Finance Minister confident inflation will soon cool off
Slowing inflation has brought relief to consumers, yet concerns remain amid price hikes in public utility charges.
Slowing inflation has brought relief to consumers, yet concerns remain amid price hikes in public utility charges.
The public in South Korea has been sensitive to price increases in soju, not just because it is the most widely consumed alcoholic beverage, but also because it has been branded…
This exchange occurred right before Parliament passed the Government’s $123.7 billion spending plans for the coming financial year.
The export volume of the 2022-2023 crop is also forecast to decrease sharply compared to the previous crop due to little inventory from 2021-2022.
Residential tax revenue went from the town’s initial estimate of ¥484 million to ¥3.226 billion in the general account for fiscal year 2022.
And there is plenty to spend. After three years stuck at home, the Chinese have amassed a huge pool of savings, the article states.
Social chaos now seems to be a clear possibility, even probability, if different segments of society, Dawn spoke to, are to be believed.
Prior to the pandemic, the country had 158,000 poultry farms but now only 95,523 remain as the rest had either closed or suspended production, said an industry insider.
The future of payments will likely be characterised by increased convenience, security, and digitalisation.
The paper says the government should look into options such as increasing income tax rates for the rich, as a more pragmatic approach to tackle income inequality.