Singapore Set to Take Decisive Action on Housing Curbs if Needed
The Singaporean authorities are ready to take decisive measures if necessary to control rising housing prices in the country. Finance Minister Lawrence Wong stated that the government is closely monitoring the real estate market and is considering the introduction of additional restrictions to prevent excessive price increases.
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New Thai Prime Minister Launches Cash Stimulus Program to Revive Economy
The newly appointed Prime Minister of Thailand, Prasokit Yaosing, is aiming to restore economic stability in the country by launching a comprehensive cash stimulus program. Amidst global instability and internal challenges that have weighed down the economy, the government is considering allocating 500 billion baht (approximately 14 billion USD) to support the population and businesses.
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Ukraine to Allocate All Tax Revenues for Defense in 2024
In a recent announcement, the Prime Minister of Ukraine revealed the government's plan to allocate all tax revenues for defense purposes in the upcoming year. This decision comes amid ongoing threats from Russia and the need to strengthen the country's military-industrial complex. The Prime Minister stressed that despite economic hardships, the government recognizes the priority of protecting the territorial integrity and security of the state.
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New Thai Prime Minister Pledges to Tackle Household Debt Crisis as a Priority
Thailand's new Prime Minister Paetongtarn Shinawatra has made a bold commitment to addressing the nation's soaring household debt, which currently stands at $474 billion. He pointed out that this issue requires immediate action and intends to make it a priority in his political agenda.
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Portugal Calls on EU to Start Preparing for Ukraine's Inclusion
Portugal has made a strong call to the European Union to begin preparations for the potential inclusion of Ukraine into the bloc. This statement comes amid the ongoing conflict in the country and increasing Western support for Ukraine. Portuguese Foreign Minister António Costa, speaking at a press conference, emphasized that Ukraine's integration into the EU should be part of a long-term strategy aimed at ensuring stability in the region.
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Israeli Finance Minister Announces Budget Cuts to Fund War
Israel's Finance Minister Bezalel Smotrich has announced plans to cut the national budget, which is necessary to finance the ongoing military actions in the country. These measures have been a response to the ongoing conflict with Hamas and other terrorist organizations that pose a threat to Israel's security.
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France Prepares for Possible Budget Changes Amid Shifting Circumstances
After President Emmanuel Macron delayed the appointment of a new Prime Minister, experts expect this could impact the country's budget plans. It is anticipated that upcoming economic measures will need to be revised in the coming weeks to adapt to changing conditions.
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Pakistani Prime Minister Confirms Commitment to Meet IMF Requirements on Time
Pakistani Prime Minister Shehbaz Sharif stated that the country is committed to fulfilling the International Monetary Fund (IMF) requirements on time. This announcement comes amid significant challenges facing the nation’s economy, which demands urgent responses and effective actions.
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Japan's New Premier Should Set Fresh Fiscal Targets, Adviser Says
Recent comments from an adviser to Japan's new Prime Minister have intensified calls for a revision of the country's fiscal policy. The expert emphasized that in light of increasing economic challenges, setting stricter and more realistic budget goals is essential. This could help improve the country's financial situation and navigate the aftermath of the COVID-19 pandemic as well as other economic shocks.
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New Oil Minister of Venezuela: Maduro Appoints Key Ally Rodríguez
Recent governmental changes in Venezuela have brought an important appointment to a key position regarding one of the most significant sectors of the country's economy - oil. President Nicolás Maduro has appointed his close ally Manuel Rodríguez as the new Oil Minister, marking a significant step in the context of increasing pressure on Venezuela's oil industry.
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