Indonesia has applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), fueling worldwide interest in the trade pact. The CPTPP is a key free trade pact among 11 Asia-Pacific nations that removes tariffs, boosts market access, and sets high labor and environmental standards, representing about 13% of global GDP. As Southeast Asia’s […]
Related Posts
Argentina Significantly Raises Tax-Free Threshold Before Elections
Argentina’s Senate approved a law removing income tax for individuals earning less than 1.7 million pesos ($4,930) monthly, equivalent of 15 federal minimum wages. With a 38 to 27 vote, the law effectively increases the no-tax income bracket. Economy Minister Sergio Massa, also running for president, initiated the measure. Nevertheless, the opposition coalition, ‘Juntos por […]
U.S. Economy Faces Slowdown and Rising Inflation in Early 2024
In early 2024, the U.S. economy significantly slowed, with GDP growth dropping to just 1.6% in the first quarter from 3.4% in the preceding quarter. The U.S. Bureau of Economic Analysis BEA attributed the decline to reduced consumer spending, exports, and government investments. This downturn reflects significant cutbacks across various sectors of the economy. Simultaneously, […]
Surge in Violence: Mexico Grapples with 70 Daily Murders Amid Coordination Challenges
Mexico faced a grim reality last week as the country witnessed an average of 70 murders per day. The Secretariat of Security and Citizen Protection reported 351 homicides between October 21 and 25. This alarming statistic highlights the ongoing struggle against violence in the nation. Guanajuato topped the list of most dangerous states with 48 […]