Tag: Ministry of Finance
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Pakistan Hikes Diesel Price by Rs11.3 per Litre for Fortnight, Petrol Unchanged
Overview: Diesel Price Hike and What Changes for Consumers Pakistan’s federal government announced a price adjustment for high-speed diesel (HSD), increasing the official retail price by Rs11.3 per litre for the next fortnight. The decision, communicated by the Ministry of Finance on a late Saturday notification, marks another cycle in the ongoing management of fuel…
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Indonesia’s Finance Minister Appoints 27 New Officials, Largely From Customs
New Wave of Leadership at Indonesia’s Ministry of Finance In a move signaling intensified reform within Indonesia’s public financial management, Finance Minister Purbaya Yudhi Sadewa announced the inauguration of 27 primary high-ranking officials (echelon II) at the Ministry of Finance. The ceremony took place on Wednesday, January 28, 2026, inside the Djuanda Hall, marking a…
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Indonesia Probes Suspected Tax Evasion by Foreign-Invested Enterprises
Overview of the Investigation The Indonesian government has launched inquiries into a number of foreign-invested enterprises (FIEs) operating within the country, amid allegations of tax evasion that could undermine state revenues. The move signals a broader push by authorities to strengthen tax collection, close loopholes, and ensure that foreign investors contribute their fair share to…
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Indonesia Probes Tax Evasion by Foreign-Invested Enterprises
Indonesia launches investigations into tax practices of foreign-invested enterprises Jakarta is intensifying scrutiny of foreign-invested enterprises (FIEs) operating within the country as investigators probe potential tax evasion schemes. The move comes amid growing concern that some multinational and foreign-backed businesses may be underreporting income, overstating deductions, or exploiting loopholes in the domestic tax system. Authorities…
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Court Rejects Entrépo Finance’s Urgent Bid Over Government Payroll Deductions System
Overview: A setback for Entrépo Finance A court has rejected an urgent bid from microfinance lender Entrépo Finance. The company sought a court order compelling the minister of finance, Ericah Shafudah, to explain under oath how the government intends to implement a fully functional payroll deductions management system. The ruling marks a significant hurdle for…
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Ethiopia Fortifies Transparency, Accountability, and Fiscal Governance
Ethiopia Reinforces its PFM Reform Agenda In Addis Ababa on November 19, 2025, the Ministry of Finance underscored a steadfast national policy: strengthening transparency, accountability, and fiscal governance across the public sector. This renewed pledge comes as part of an ongoing Public Financial Management (PFM) reform program aimed at boosting efficiency, reducing waste, and improving…
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Malaysia Sets Unsubsidised RON97 and RON95 Prices for November 13–19
Overview: Unsubsidised Petrol Prices Announced for Nov 13–19 The Malaysian government has announced the unsubsidised retail prices for petrol for the period of November 13 to November 19. According to a statement from the Ministry of Finance (MOF), RON97 will be priced at RM3.25 per litre, while RON95 will be priced at RM2.65 per litre…
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WinTrak Bribe Allegations Shake Chennai Customs as India Halts Operations
WinTrak Bribe Allegations Prompt Halt of India Operations The cargo company WinTrak has stunned the Indian logistics scene by announcing a complete suspension of its import-export operations in India, effective October 1, 2025. The decision comes in the wake of a series of high-profile allegations from the company’s founder, who claims that Chennai Customs officers…