Latest news and articles about financial reforms from NEX English
Indonesia is undertaking financial market reforms to meet MSCI requirements, which may help it avoid a downgrade. However, some analysts believe these reforms might not be sufficient to maintain its weight in global indices.
A proposal to abolish the pension fund for former MPs in Thailand has sparked significant debate among parliament members, focusing on issues of fairness and financial sustainability. This discussion comes amid a financial deficit of <strong>23.1 million baht</strong> for the fund in the fiscal year 2024.
The Yemeni Cabinet approved a package of financial reforms aimed at improving employee salary disbursement and enhancing transparency. Additionally, it agreed to establish a public agency for the wounded to provide comprehensive care.
Saudi Finance Minister Mohammed Al-Jadaan announced that the Kingdom has implemented a series of financial reforms under Vision 2030, aimed at diversifying the economy and reducing reliance on oil. These reforms are part of the Kingdom's efforts to achieve economic sustainability.
Jeffrey Hendrick, the interim director of the Indonesia Stock Exchange, announced that the evaluation of the new trading system is expected to be completed by the second quarter of 2026. This assessment aims to enhance transparency and efficiency in the market.
The head of the Indonesian Tax Consultants Association has highlighted the need for radical reforms to achieve tax revenue targets for 2026, requiring a 22% increase from the previous year. He warned that the absence of effective policies could lead to a significant revenue shortfall.