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Financial technology innovators have promised to enhance personal finance management with advanced apps that are more affordable than traditional banking solutions. However, they have struggled to create alternatives that match the simplicity and effectiveness of Mint, the popular budgeting tool that ceased operations in March.
The government is set to abolish the windfall tax on domestic crude oil production and fuel exports as global oil prices remain low. Introduced in 2022 during a surge in oil prices due to the Russia-Ukraine conflict, the tax has been reduced to zero as of September 18, 2023. Industry stakeholders have called for an end to the fortnightly review process, seeking more stability in an investment-heavy sector.
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