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View all search resultsTo mitigate the potential impacts of the new value-added tax (VAT) rate of 12 percent beginning in January 2025, the government has decided to exempt 15 commodities from the new VAT rate or waive them entirely from VAT. This measure aims to protect consumers, particularly people from low-income households, so they do not bear the full burden of the tax hike on essential goods.
The issue of national food security has become increasingly concerning, with skyrocketing food price inflation amid overall low inflation and a rising amount of rice imports. In response, the government has started many initiatives, including extending fixed prices of natural gas for fertilizer, and increasing the budget for the fertilizer subsidy to strengthen the nation’s food security.
Institutions, educators and students also have a part to play in the integration of AI into higher education, specifically in economics and business, by designing a balanced approach to navigating the divide between human agency and technological contributions.
The success of ASEAN universities in terms of social and economic impact stems from “ASEAN's increasing focus on the UN Sustainable Development Agenda, including Climate Action, Green and Blue Economy and the policies and initiatives that address the world’s grand challenges”.
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