The South Korean government plans to imply tax reductions on crude oil, in an effort to combat increasing inflationary pressure. As reported by IHS Global Insight Daily Analysis, Finance Minister Yoon Jeong-hyun stated that the country is currently working intensively to decide whether tax adjustment will support persuade price reductions to the extent. The administration is expected to carry out an extensive study upon the impact that tax reduction on oil would have on the overall collection of tax revenue, along with the wider impact on the national energy sector. The government is likely to assess the findings and adopt steps based on them. |
Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more