Apples and oranges exempt from expanded tax, says Malaysia PM Anwar
The sales tax rate would remain the same for essential goods, while a rate of five or 10% will be imposed on non-essential or discretionary goods.
Inflation
Price pressures expected to inch up in Malaysia
CGS International Research said inflationary pressures are poised to build up in the second half of the year as the government reforms take place.
Tax, transport and juice: Triple blow could spike imported fruit prices, warn traders in Malaysia
Under the expanded Sales and Service Tax, a 5% tax will be imposed on all imported fruits, while locally grown produce will remain exempt.
Philippine government preparing fuel subsidy amid Middle East conflict: Transportation department
The P2.5-billion fuel subsidy program had already received certification from the Department of Energy, a transportation department official said.
South Korean Cabinet approves universal cash grant amid controversy
The government says it is aimed at reviving sluggish consumer demand that has left many small business owners on the brink of collapse.
Nepal market prices mock central bank’s inflation claims
Despite official inflation at a four-year low, for most families, everyday costs remain high.
South Koreans likely to receive up to US$367 in cash relief
The amount of money received per person would be determined based on household income, calculated on the basis of national health insurance premiums.
High prices squeeze hospitals in Japan, 60% now in the red
The effects are becoming apparent as some hospitals are reducing medical services or not replacing aging medical equipment.
Food inflation burning a hole in Malaysian household budgets
According to a report by the Statistics Department, the threefold increase in food prices in the past five decades also saw the purchasing power of Malaysian households decline by…
Lao PM Sonexay vows to take action on inflation and debt amid National Assembly’s concerns
The government will implement strict measures to stabilise currency exchange rates, increase domestic production to lower import dependence, and prevent further erosion of…