DPM Lawrence Wong on having "mid-term milestones" for Forward Singapore exercise

DPM Lawrence Wong on having “mid-term milestones” for Forward Singapore exercise

The Forward Singapore exercise is entering a new phase. It will have more community engagements and opportunities to co-develop policies. Deputy Prime Minister and Finance Minister Lawrence Wong also said the government may not wait for the exercise to conclude…

Japan PM Kishida vows new steps to tackle inflation as approval ratings slide

Japan PM Kishida vows new steps to tackle inflation as approval ratings slide

In a speech during a special session of Parliament, Japanese Prime Minister Fumio Kishida called revitalising the economy his “top priority”. He outlined plans to focus on cushioning the impact of rising electricity bills, increasing inbound tourism, and capitalising on…

GST hike to go ahead as Singapore cannot rely on "sentiment-driven" collections: DPM Wong

GST hike to go ahead as Singapore cannot rely on “sentiment-driven” collections: DPM Wong

The government is monitoring the income growth of Singaporeans amid rising inflation. Deputy Prime Minister and Finance Minister Lawrence Wong said if needed, more will be done for those who require assistance. He was responding to multiple questions in Parliament…

New British PM and leader of Conservative Party to be announced on Monday

New British PM and leader of Conservative Party to be announced on Monday

The leadership race in the United Kingdom is about to draw to a close. The competition has whittled down to two names: Foreign Secretary Liz Truss and former finance minister Rishi Sunak. The winner will be announced coming Monday. He…

UK households face 80% rise in energy bills as regulator raises price cap to over $4,000

UK households face 80% rise in energy bills as regulator raises price cap to over $4,000

Britain’s energy regulator Ofgem has announced an 80% jump in its price cap for domestic energy. Households will see their bills soar by more than $4,000 annually. Ofgem said the increase is driven by the fast rising costs of wholesale…

Outrage in Australia over former PM Morrison secretly holding several ministerial roles

Outrage in Australia over former PM Morrison secretly holding several ministerial roles

There is outrage in Australia over revelations that former prime minister Scott Morrison secretly appointed himself to several ministerial posts during the COVID-19 pandemic. His successor Anthony Albanese said he is seeking legal advice over Mr Morrison’s actions. Subscribe to…

Malaysia's finance minister says targeted subsidies have to be rolled out at right time, gradually

Malaysia’s finance minister says targeted subsidies have to be rolled out at right time, gradually

Malaysia will announce its second quarter GDP data tomorrow (Aug 12), which economists forecast to have grown 6.7% from a year ago. Finance Minister Zafrul Abdul Aziz told CNA the country is likely to meet the official growth forecast of…

GST hike must proceed, govt prepared to do more if situation 'worsens significantly': DPM Wong

GST hike must proceed, govt prepared to do more if situation ‘worsens significantly’: DPM Wong

More support will be given — if needed — to households affected by the impending Goods and Services Tax (GST) hike. This is on top of the support announced at this year’s Budget to cushion the impact. Responding to parliamentary…

IMF delegation arrives in crisis-hit Sri Lanka

IMF delegation arrives in crisis-hit Sri Lanka

Sri Lanka is hoping for a much needed lifeline. Officials from the International Monetary Fund have arrived in Colombo for in-person bailout talks, with negotiations expected to last 10 days. They will meet with Prime Minister Ranil Wickremesinghe on how…

Indonesia's priority is to protect purchasing power of people: Finance Minister Indrawati

Indonesia’s priority is to protect purchasing power of people: Finance Minister Indrawati

Indonesian Finance Minister Sri Mulyani Indrawati has defended Jakarta’s decision to curb palm oil exports to safeguard domestic interests. She added that there is a need to stay vigilant in the face of rising market volatility. Ms Indrawati also spoke…