Latest News for: Fiscal risks

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Can Chinese demand cushion blow of US recession on Asian economies?

Korea Times 03 Jul 2022
Though China has taken steps to ease restrictions, President Xi Jinping has said the country will stick to its hardline zero-COVID policy despite risks to the economy ... recession if the effects of its fiscal policies start playing out in the latter half of the year," said Jun Kwang-woo, chairman of the Institute for Global Economics.
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Marcos vetoes bill creating Bulacan Airport City Special Economic Zone; 'fiscal risks' cited

Manila Bulletin 02 Jul 2022
Citing “substantial fiscal risks,” President Ferdinand “Bongbong” Marcos Jr ... “l cannot support the bill considering the provisions that pose substantial fiscal risks to the country and its infringement on or conflict with other agencies’ mandates and authorities,” he wrote.
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BBM vetoes Bulacan freeport zone bill, citing ‘big fiscal risk’

Manila Standard 02 Jul 2022
In his veto message, Marcos rejected House Bill 7575, which seeks the establishment of the Bulacan Airport City Special Economic Zone and Freeport, saying its provisions “pose substantial fiscal risks to the country.” ... “At the foreground, fiscal prudence must be exercised particularly at times when resources are scarce and needs are abundant.
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El Salvador buys the Bitcoin dip with an additional 80 coins

Inside Bitcoins 02 Jul 2022
Your capital is at risk ... “When they tell me that the fiscal risk for El Salvador because of Bitcoin is really high, the only thing I can do is smile. The fiscal risk is extremely minimal,” Zelaya said ... these private cryptocurrencies posed a risk to financial stability.
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Duty hike estimated to fetch ₹1.1-lakh crore this fiscal, estimates Nomura

Business Line 02 Jul 2022
Hence, we leave our forecast of a fiscal slip in FY23 (to 6.8 per cent of GDP) unchanged, although we acknowledge an upside risk,” Nomura said in a ...
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Marcos vetoes Bulacan airport, ecozone bill

The Manila Times 02 Jul 2022
CITING "substantial fiscal risks," President Ferdinand "Bongbong" Marcos Jr ... he was "constrained to veto" the bill because of its provisions that "pose substantial fiscal risks to the country" and its "infringement on or conflict with other agencies' mandates and authorities.".
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Bongbong Marcos vetoes bill on Bulacan Airport City ecozone

The Philadelphia Inquirer 02 Jul 2022
... and freeport in conglomerate San Miguel Corp.'s $15 billion airport city in Bulacan over "substantial fiscal risks to the country.".
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MB Daily News Update July 2: Major move from PBBM right out of the gate

Manila Bulletin 02 Jul 2022
“l cannot support the bill considering the provisions that pose substantial fiscal risks to the country and its infringement on or conflict with other agencies’ mandates and authorities,” he wrote in his veto message ... Marcos vetoes bill creating Bulacan Airport City Special Economic Zone; 'fiscal risks' cited.
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Maryland law expanding who can perform abortion takes effect

The Virginian-Pilot 02 Jul 2022
Hogan, in his veto letter to lawmakers, wrote that the measure “risks lowering the high standard of reproductive health care services received by women in Maryland.” ... The Maryland law also mandates that $3.5 million in state funding be allocated annually starting in fiscal year 2024 for the training.
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El Salvador Buys the Dip: Adds 80 BTC at $19K

CryptoPotato 01 Jul 2022
Not long ago, the Finance Minister Alejandro Zelaya maintained that the adverse conditions are unlikely to hurt El Salvador’s fiscal health.. “When they tell me that the fiscal risk for El Salvador because of Bitcoin is really high, the only thing I can do is smile. The fiscal risk is extremely minimal.” ....
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Crisil retains GDP growth forecast at 7.3% with downside risks for FY23

Business Line 01 Jul 2022
Crisil has retained its GDP growth forecast at 7.3 per cent for the current fiscal with downside risks and expects retail inflation to ...
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Regulatory Roles: Disrupting progress?

Financial Express 01 Jul 2022
Sandboxes give regulators a chance to work with fintech innovators, and understand and mitigate risks better. Innovation, especially through technology for transforming financial markets and consumers’ interaction with the fiscal framework is both a risk and an opportunity.
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El Salvador Spends Over $1.5 Million to Acquire 80 More BTCs

Coinspeaker 01 Jul 2022
This means that the country spent $1.52 million on the latest BTC purchase. Bukele wrote.. “Bitcoin is the future ... Although its entire portfolio is currently not worth more than $46.6 million.No Risks to Fiscal Standing – Finance Minister ... And as such, would pose no significant threat to the nation’s fiscal strength in the event of a loss.
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Germany's FinMin to ECB: we're doing our bit to fight inflation

Reuters 01 Jul 2022
Lindner said the 2023 draft budget, marked by consolidation efforts, meant the ECB would not have to worry about "fiscal dominance" - when ECB independence risks being compromised by the high cost of servicing governments' sovereign debt ... Register ... ....
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Converge told: Satisfy promises, or lose tax perks

The Philadelphia Inquirer 01 Jul 2022
must ensure it adheres to its faster internet speed commitment, or run the risk of losing its tax perks, according to interagency Fiscal ...

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