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Cak Imin and President Prabowo discussing a trillion-rupiah budget boost for small businesses and creative industries in an official setting.
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Cak Imin requests Rp1 trillion extra budget for UMKM

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Coordinating Minister for Community Empowerment Muhaimin Iskandar, known as Cak Imin, has requested an additional Rp1 trillion budget from President Prabowo Subianto to support MSMEs and the creative economy.

Asian stocks fell alongside Wall Street after US inflation data showed faster price growth. Rising oil prices tied to conflict in Iran pushed Treasury yields higher and increased expectations for a Federal Reserve rate increase in 2027.

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Colombia's sovereign bonds at two, three, five and 10 years show some of the highest yields among emerging markets, according to market data as of May 12, 2026.

Commercial International Bank posted consolidated net profit of EGP 17.8 billion for the first quarter of 2026, up 7 percent from a year earlier. Revenue reached EGP 31.2 billion, a 15 percent increase, even as regional tensions and currency moves created challenges.

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The Agencia de Recaudación y Control Aduanero (ARCA) reported that more than 80,000 people have registered for the Simplified Sworn Declaration Regime for Income Tax. Adhesions doubled in the last 20 days after the launch of an app with preloaded data.

Argentina's country risk closed at 511 basis points on Tuesday, May 12, 2026, up 15 points from the previous close.

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President Trump has called for a temporary suspension of the federal gas tax to ease the burden of soaring pump prices caused by the ongoing war with Iran. The move would require congressional approval and comes as average gasoline costs have jumped more than 50 percent to $4.52 per gallon.

 

 

 

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