President Xi Jinping has issued a slew of economic-centric instructions in the past week, at a time all eyes are watching Beijing’s stimulus package aimed at shoring up China’s economy. The latest message from Xi was conveyed on Sunday in the northeastern city of Tianjin during an event to celebrate the 40th anniversary of China’s … Read more
The House of Representatives has directed the Bureau for Public Enterprise (BPE) to account for about N10 billion expended on the failed subsidiaries of the Nigeria Postal Service (NIPOST). Bamidele Salam, Chairman, House Committee on Public Accounts, made the call on Monday in Abuja at the resumed investigative hearing of the committee.“No reasonable Nigerian will … Read more
On China’s social media platforms last week, a recording surfaced that revealed a side of the country’s debt crisis that has largely gone unreported. The recording is presented as a conversation between an unnamed representative of a medical technology company and a market regulation enforcement officer, surnamed Zhang, from Chengwu county in eastern China’s Shandong … Read more
ELIGIBILITY The Finance Ministry said that eligible recipients of the cash and MediSave GSTV payouts will automatically receive the payments if they have signed up for government disbursement schemes. Citizens may check their eligibility for the benefits at the govbenefits website – govbenefits.gov.sg – by logging in with their Singpass. Those who have not previously signed … Read more
Auto components industry body ACMA on Monday called for incentivising capex expenditure, increasing depreciation rates on plant and machinery and rationalising GST rates on EVs and its components, ahead of the upcoming Budget 2024-25. In its recommendations submitted to the Ministry of Finance and the nodal ministry for automotive industry, the Ministry of Heavy Industries, … Read more
SINGAPORE: About 300,000 Pioneer Generation seniors will receive MediSave top-ups amounting to a total of more than S$150 million (US$111 million) next month, the Ministry of Finance (MOF) said on Friday (Jun 7). The MediSave top-ups are provided in addition to the annual GST Voucher-MediSave top-ups given to eligible Singaporeans aged 65 and above. MediSave … Read more
Last Updated: March 14, 2024, 15:34 IST The government has decided to increase Dearness Relief (DR) and Dearness Allowance (DA) by 4%, meaning that for central government employees and pensioners, the entire DA will equal 50% of their base pay. A Press Information Bureau (PIB) announcement dated March 7, 2024 states that the total annual … Read more
