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November 24, 2024 | 09:42 pm
TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Sunday, November 24, 2024. Here are the highlights: 10 Cheapest Currencies in the World 2024, Indonesia is on the List; Economists Say 12% VAT Implementation Will Burden Indonesian Middle Class Even More; Indonesia Supports ICC Arrest Warrant for Netanyahu.
The following is the list of the top 3 news on Tempo English today:
1. 10 Cheapest Currencies in the World 2024, Indonesia is on the List
Despite its status as the strongest currency, the Kuwaiti Dinar is not considered an international currency. The U.S. dollar, however, is. CFR revealed that the U.S. dollar's dominance in global trade is attributable to several factors, including its stable value and the robust U.S. economy.
Some currencies trade at a lower exchange rate than the U.S. dollar. Their value is so low that one U.S. dollar can buy a large number of these currencies.
2. Economists Say 12% VAT Implementation Will Burden Indonesian Middle Class Even More
Economist from Segara Institute, Piter Abdullah, assessed that the increase of Value Added Tax (VAT) from 11% to 12% is feared to burden the middle class in Indonesia even more.
Piter mentioned that currently, there is no government regulation easing the life of the middle class. On the contrary, the middle class is being burdened with various taxes that seem endless.
3. Indonesia Supports ICC Arrest Warrant for Netanyahu
The Indonesian Ministry of Foreign Affairs stated that Indonesia supports the International Criminal Court's arrest warrant against Israeli leader Benjamin Netanyahu and former defense minister Yoav Gallant.
"The issuance of the arrest warrant by the ICC against Benjamin Netanyahu and Yoav Gallant is an important step towards achieving justice for crimes against humanity and war crimes in Palestine," read a statement from the ministry's official account on X, @Kemlu_RI on Saturday, November 23, 2024.
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Here is the list of the top 3 news on Tempo English today.
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