To get more people to pay taxes, Indonesia should stamp out corruption by officials at the top

May 02, 2016 04:13 am UTC| Insights & Views Economy

Its vital for Indonesia, which is struggling to increase tax revenue, to stamp out corrupt activities wherever possible. A developing country with a population of 250 million, Indonesia is Southeast Asias biggest...

Norway records better than expected labor market figures, jobless rate falls to 3.1 pct in April

Apr 29, 2016 09:37 am UTC| Commentary Economy

Norway released its labor market figure today that came out better than central banks projection and overshadowed signs of continued zero growth, noted Nordea Bank. Registered joblessness including labor market measures...

Worrisome Signs Series

Global corporate default pace fastest since 2008/09 crisis

Apr 29, 2016 09:08 am UTC| Commentary Economy

Defaults are on the rise and at fastest pace since 2008/09 crisis, largely due to global economic slowdown, over-exposure to leverage and downturn in commodities segment. So far this year, 53 companies have either missed...

France grows faster than expected but stuck in deflation

Apr 29, 2016 09:05 am UTC| Commentary Economy

Frances economy grew 0.5% in first quarter of 2016, a bit faster than median expectations of 0.3% growth. Better growth in Euro Zones second largest economy should come as a respite for European Central Bank (ECB), which...

How limiting women's access to birth control and abortions hurts the economy

Apr 28, 2016 02:51 am UTC| Insights & Views Economy Law

Reproductive health isnt just about abortions, despite all the attention they get. Its also about access to family planning services, contraception, sex education and much else. Such access lets women control the timing...

Briferendum Series

How much does the UK actually pay to the EU?

Apr 27, 2016 21:22 pm UTC| Insights & Views Economy

For every 2 we send to Brussels, we get 1 back and it comes back with a tag on it on what we have to spend it on. Gisela Stuart, Labour MP and joint head of Vote Leave, speaking on BBC Radio 4s Today programme, April...

China to implement VAT in all industries by 1st May

Apr 27, 2016 07:12 am UTC| Commentary Economy

From May 1, 2016, China will implement value-added tax (VAT), replacing its business tax, in finance, construction, consumer services and real estate industries, noted DBS Bank. This will help the firms cut tax burdens as...