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(Bloomberg) -- The Malaysian budget’s focus on fiscal discipline will boost the government’s credibility in carrying out fiscal reforms, though impact on equities will likely be limited.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to Understanding

The Nigerian government announced a temporary removal of VAT on diesel as part of the resolution reached during the meeting between the labour unions and the government delegation

The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, said the committee has no plan to introduce new or impose higher tax rates on Nigerians. Oyedele, who stated this yesterday in a post on his X (formerly Twitter) account while answering some frequently asked questions about the Presidential Fiscal Policy…

Reform efforts including a new fiscal framework designed to limit escalating public debt and plans for tax reform are a welcome step in the right direction, but likely insufficient, said Arminio Fraga, who helmed Banco Central do Brasil (BCB) from 1999 to 2002. "I think it would be imprudent to count on 'blue skies and good weather' going forward, sadly, we're not in a position to relax," Fraga told the Reuters Global Markets Forum (GMF).

The Federal Competition and Consumer Protection Commission (FCCPC) clarified its investigation into Point of Sale (PoS) service charge...