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Indonesian Hajj pilgrims at airport customs receiving tax exemptions for 2026 souvenirs.
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Indonesia customs grants tax exemptions for 2026 Hajj pilgrims' souvenirs

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Indonesia's Directorate General of Customs and Excise has granted exemptions from import duties and taxes on goods carried by Hajj pilgrims for the 2026 season. The facility applies only to official quota pilgrims and personal items, excluding proxy purchases. Rules also cover reporting large cash amounts and tobacco limits.

McLaren team principal Andrea Stella has called for adjustments to Formula 1 power unit regulations to enhance the series, though he believes meaningful hardware changes are unlikely before 2028. Recent refinements to the 2026 rules delivered modest gains at the Miami Grand Prix. Stakeholders including Mercedes and Alpine have weighed in on the need for lead time and potential tweaks.

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The Communications Authority of Kenya has invited public feedback on proposed guidelines to improve the safety and reliability of internet infrastructure. The rules address growing public complaints about poorly installed fiber cables hanging on poles, walls, and streets. Comments are due by May 20.

India's markets regulator Sebi approved major changes to conflict-of-interest guidelines for its top officials and eased rules for foreign portfolio investors. The measures seek to standardize trading restrictions and enhance ease of doing business.

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Arbitrage funds, once popular for parking idle cash, are seeing reduced investor interest. Inflows have dropped significantly amid rising costs and new regulations.

Ferrari team principal Fred Vasseur has cautioned against hasty changes to Formula 1's new 2026 regulations following an eventful Australian Grand Prix. The season opener featured 120 overtakes, a significant increase from 45 the previous year, amid debates over energy management and race complexity. Team leaders advocate waiting for more races before any adjustments.

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Formula 1 has confirmed its 22-driver lineup for the 2026 season across 11 teams, highlighted by Cadillac's entry with Sergio Pérez and Valtteri Bottas. Building on the major regulation overhauls—like active aerodynamics replacing DRS and 50-50 sustainable hybrid engines—the season opens March 6 in Australia with 24 races.

 

 

 

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