ECONOMISTS generally believe that the government’s tax collection plays a significant role in helping to improve the social welfare of Malaysians, especially among the needy class.
Interestingly, however, they offer varying opinions on the what and the how: which kind of taxes to be collected and the methods for doing so.
Expectations of further yen weakening are getting more entrenched among investors, as seen in tumbling hedging costs after the Bank of Japan (BoJ) raised interest rates while pledging to keep policy easy.
Nobel laureate in economics Paul Krugman says it’s entirely unclear where interest rate levels are headed over the medium term, with arguments in favour of both a return to pre-pandemic levels and a higher-for-longer outcome.
Gap beat earnings and revenue estimates, as it posted its fiscal second-quarter results early. …