Tag: Economic Relief
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LHDN Clears RM17 Bil Tax Refunds; RM2 Bil to Be Disbursed by December End
Overview: RM17 Billion in Tax Refunds Processed The Inland Revenue Board of Malaysia (LHDN) has announced a substantial milestone in its tax refund program. As of December 18, LHDN has processed and issued RM17 billion in tax refunds, benefiting 3.53 million individual cases. This move is part of the government’s ongoing efforts to accelerate cash…
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Trump Cuts Tariffs to Lower Grocery Prices: What It Means for Consumers
Overview of the Tariff Change In a move aimed at addressing rising grocery prices, President Donald Trump announced significant tariff exemptions on several core agricultural imports, including coffee, cocoa, bananas, and certain beef products. The decision, framed as a bid to alleviate consumer costs, marks a notable shift in U.S. trade policy and comes amid…
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SNAP Shutdown Pause Sparks Anxiety as Food Aid Faces Rebound
SNAP funds paused during a government shutdown disrupts families The temporary halt to funding for the Supplemental Nutrition Assistance Program, commonly known as SNAP, disrupted food assistance for millions of Americans at a moment of economic stress. After the nation’s longest government shutdown, policymakers agreed to restart benefits, but the pause left a wake of…
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Tariff Rebate Checks: What Trump’s $2,000 Proposal Could Mean for American Wallets
What is the tariff rebate proposal? President Donald Trump has floated a plan to issue rebate checks designed to offset the costs Americans pay due to tariffs. The central idea is straightforward: households would receive a cash rebate, potentially totaling up to $2,000, intended to compensate for higher prices caused by tariff policies that affect…
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Liberty Bell Bay Smelter Secures First Ore Shipment Amid Cash-Flow Struggles in Tasmania
Liberty Bell Bay Smelter Receives First Ore Shipment After Financial Turbulence The Liberty Bell Bay manganese alloy smelter in Tasmania has taken a significant step back toward operation, unloading its first ore shipment since flagging financial woes that triggered a period of limited production earlier this year. The arrival marks a pivotal moment for a…
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P20/Kilo Rice Program for Transport Sector Launch
Introduction to the P20/Kilo Rice Program The much-anticipated P20 per kilo rice program is set to roll out for workers in the transport sector starting September 16, 2025. This initiative comes as a relief amid rising living costs, aiming to provide accessible staple food to public transport workers across the country. Eligibility and Initial Beneficiaries…
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Electricity Bill Relief for Flood-Affected Areas in August
Prime Minister’s Relief Announcement In a significant move to support those affected by the recent floods, Prime Minister Shehbaz Sharif announced on Saturday a crucial relief measure aimed at easing the financial burden on flood-stricken communities. The Prime Minister directed all electricity distribution companies (DISCOs) to halt the collection of electricity bills for August 2025…
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Government Priorities on Tax Cuts and Debt Forgiveness
Government’s Approach to Tax Cuts and Debt Forgiveness In recent remarks, government officials have emphasized that while they are open to various proposals from the majority coalition, the financial landscape poses significant limitations. As discussions continue around the potential for tax cuts, particularly the reduction of the Irpef (personal income tax), and the forgiveness of…
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GST Reforms: 15 Everyday Items to Become Cheaper Soon
Introduction to GST Reforms The Goods and Services Tax (GST) reform is a pivotal shift in India’s taxation system, impacting every segment of the economy, particularly the common man. Recently, the Government of India announced adjustments that will make certain essential household items more affordable. This comes in light of Prime Minister Narendra Modi’s promise…