Economy
Protests in Jakarta intensify after police kill ride-share driver
Tens of thousands of Indonesians, including students and workers, have taken to the streets in Jakarta and other cities to demand better wages, lower taxes, and the removal of allowances for politicians. The protests turned deadly on Thursday when an armored police vehicle hit and killed Affan Kurniawan, a 21-year-old motorcycle taxi driver working for […]
Trump’s Transshipment Crackdown: A Threat to Asian Economies
Southeast Asia’s export-driven economies are facing new uncertainty due to United States President Donald Trump’s trade war, specifically his administration’s crackdown on exports directed through third countries to avoid tariffs on China. Under an executive order issued by Trump, goods imported into the US will face a punitive 40 percent tariff, plus penalties and applicable […]
Countries Denounce Israel but Keep Trading with It
The foreign ministers of 28 countries have signed a statement calling for an end to Israel’s war on Gaza, but critics argue that these countries are not taking sufficient action to stop bilateral trade with Israel. Despite condemning Israel’s military actions, many of these countries continue to benefit from trade with Israel. Belgium, France, Ireland, […]
Kenya’s Economic Struggles Persist
A year after deadly protests, Kenyan economy remains under strain. Roughly 40% of Kenyans live in poverty, struggling with high living costs, limited job opportunities, and corruption. Christine Naswa, a 40-year-old roadside vendor and mother of five, expressed frustration with the economic situation. “The economy is very poor right now. There is no money in […]
Nigeria-India Economic Ties: A New Era of Cooperation and Growth
Nigeria and India have reaffirmed their commitment to strengthening bilateral relations through increased trade, investment, and cooperation in key economic sectors. This renewed commitment was highlighted at a business seminar hosted by the Lagos Chamber of Commerce and Industry, where stakeholders from both nations outlined strategies to deepen the partnership. The seminar marked a significant […]
House of Reps Approves Tinubu’s Controversial Tax Bill
The Nigerian House of Reps approved President Bola Ahmed Tinubu’s controversial bill( the tax reform bill) tax reform bills on today after months of debates. This decision follows intense scrutiny and objections from various stakeholders, which have highlighted the contentious nature of the proposed legislation aimed at overhauling the nation’s tax system. Presidential spokesperson and […]
Nigeria’s Forex Reserves Shink by $1.3b in February
The Central Bank of Nigeria (CBN) has released its latest report, revealing a significant decline in the country’s foreign exchange reserves. According to the report, Nigeria’s forex reserves dropped by $1.3 billion in February, raising concerns about the country’s economic stability. As of the end of February, Nigeria’s forex reserves stood at $34.6 billion, down […]
Nigeria’s $1 Trillion Vision: NASS Leads the Charge with Pro-Business Laws
The National Assembly (NASS) is driving Nigeria’s ambitious goal of achieving a $1 trillion economy by 2030, with the Senate Leader, Senator Opeyemi Bamidele, highlighting the 10th National Assembly’s commitment to passing laws that foster economic competitiveness. Speaking at a meeting with a UK parliamentary delegation, Bamidele emphasized that various legislative initiatives have already started […]
Trump Pledges “Renewal of the American Dream” in Highly-Anticipated Congress Speech
Trump himself has promised a “BIG” speech, vowing to “tell it like it is!”. The address will also be attended by billionaire Elon Musk, a key advisor to Trump, signaling his significant influence in the administration.
TINUBU’S TARRIF HIKE PHENOMENON: NLC, FG set for Showdown
The Nigerian Labour Congress (NLC) has issued a strong warning to the Federal Government, vowing to mobilize workers and citizens for a nationwide protest if the proposed electricity tariff hike is implemented. The NLC has described this action as “economic violence” against the working class and broader Nigerian populace, emphasizing that it’s unacceptable to burden […]