The Malaysian Government has initiated legislative moves to jack up the country’s public debt ceiling from the current 60 to 65 percent of GDP. To achieve this fiscal objective, the country’s Ministry of Finance on Wednesday submitted the Bill of Interim Financial Measures, which proposed to raise the public debt ceiling from the current 60 […]
Senate Republicans on Monday evening blocked new moves by the President Joe Biden’s administration to fund the government and suspend the debt ceiling, thereby making real their earlier threat to not deliver votes for a Democratic measure to raise government’s borrowing limit. At the end of the voting, 48 Senators opposed the move while 50 […]
Power outages in China’s industrial sector have been reported in some major cities and provinces with the potential that global shoppers, including Nigerians, may face possible shortages of smartphones and other goods ahead of Yuletide celebrations. The ugly development had negatively affected official energy use targets, thereby forcing Chinese factories to shut down while also […]
President Muhammadu Buhari has linked Nigeria’s gradual economic growth trajectory to improved agricultural activities, claiming that “people went back to farm.” Buhari , who made the claim during a bilateral meeting of the United Nations General Assembly in New York, United States, also solicited financial assistance from foreign leaders to sustain the nation’s economic growth […]
The Bank of England (BoE) Monetary Policy Committee (MPC) members on Thursday unanimously voted to hold interest rates at their record low of 0.1 per cent, thereby raising fresh concerns over rising levels of consumer price index (CPI) which some experts now believe could hit five per cent. The nine-member MPC unanimously voted in favour […]
Latest market report by Rightmove Plc, a UK-based real estate company, indicated that the national average price of properties coming to market in the UK has hit an all-time high as fierce competition among buyers for the record low number of available properties for sale continues. A news report by yahoo.com stated that the firm’s […]
The U.S Securities and Exchange Commission (SEC) at the weekend announced awards of approximately $11.5 million to two whistleblowers whose information and assistance contributed to the success of an SEC enforcement action. The first whistleblower received an award of nearly $7 million, while the second whistleblower received more than $4.5 million. The investments market […]
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta and the Ambassador of the Republic of Senegal to Nigeria, Babacar Matar Ndiaye, last Thursday jointly hoisted the national flag Senegal at the Secretariat of West Africa Telecommunications Regulators Assembly (WATRA) during an event of historical significance in Maitama, Abuja […]
The Government of Fiji has granted value added tax (VAT) exemption to insurance firms for premiums on climate and disaster risk parametric insurance products for the people and corporate entities in the country. The fiscal initiative represents the first time any government in the country is making efforts to make disaster insurance more affordable for […]
The U.S. CongressPresident Democrats on Monday unveiled a sweeping proposal for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan. The Democrats proposed 39.6% tax rate on individuals earning more than $400,000, or $450,000 for couples, and there would be a 3% tax on wealthier Americans with […]