Asia
The tax cut plan comes with costs given that GST is a major revenue generator. IDFC First Bank says the cuts will boost India’s GDP by 0.6 percentage points over 12 months but will cost the state and federal government US$20 billion annually. But it will improve weak stock market sentiment and bring political dividends for Modi ahead of a critical state election in the eastern state of Bihar, said Rasheed Kidwai, a fellow at New Delhi-based Observer Research Foundation. “GST reduction will impact everyone, unlike cuts to income tax, which is paid by only 3 per cent to 4…
On the surface, wounded pride appears to be the most proximate reason for Mr Hun…
Minister for Trade Yeo Han-koo and Industry Minister Kim Jung-kwan, who have travelled to Washington…
Thailand’s military said Cambodia deployed a surveillance drone before sending troops with heavy weapons to…
KUALA LUMPUR: Nearly 1,200 bus drivers and passengers have been fined under Malaysia’s new seatbelt…
ZERO PER CENT TARIFFS: KEY TO NEGOTIATIONS? Economic researcher Dandy from CSIS said that Vietnam,…
France has been loudest in insisting Brussels must show it is willing to deploy its trade weapon,…
Thai and Cambodian troops clashed at a disputed area of their border early on Thursday…
SEOUL South Korea registered record birth rate growth during the first five months of the…
BEIJING: Six students from Northeastern University in China drowned on Wednesday (Jul 23) after falling…
SEOUL: South Korea’s SK Hynix posted on Thursday (Jul 24) a record quarterly profit, driven by…
Then last month, it resumed processing new student visa applications after a month-long pause but…
JAKARTA: Indonesia’s military will begin manufacturing medicines for public distribution under a new agreement, officials…
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