economic stimulus News

Indonesia Introduces 12% VAT on Luxury Items to Boost Economy, Exempts Essentials

Indonesia enforces a 12% VAT on luxury goods to stimulate economic growth, exempting essential items to minimize public impact. Relief measures and an economic stimulus package are...

BOK Governor Urges Swift Economic Stimulus to Combat Economic Downturn

BOK Governor Rhee Chang-yong calls for immediate economic stimulus through active fiscal policy to combat economic downturn caused by recent political turmoil. He warns of long-ter...

China's Trade Slowdown: Imports Shrink Amid Trump's Tariff Threats

China's exports grew at a slower pace in November, while imports unexpectedly shrank, signaling a worrying trend for the economy as Trump's tariff threats loom. The slowdown in exp...