With an inflation rate exceeding 600%, nearly 60% of Venezuelans support the “dollarization” of the economy.

According to apps of Zhihui Finance, PepsiCo (PEP.US) is expected to reverse its six-week losing streak in stock price. Although Goldman Sachs has lowered its price target for this American beverage, food, and snack giant, it still maintains a “Buy” rating, the most optimistic outlook. Improved third-quarter sales and overall business performance, as well as growth potential over the next decade, provide a foundation for the positive forecast. However, rising costs, margin pressure, and ongoing significant challenges in the beverage business execution are weighing on short-term earnings.

Malaysian Prime Minister: Cash assistance is expected to reach 16 billion ringgit by 2027.

The Prime Minister of Malaysia announced that the minimum wage will be raised from 1,700 ringgits to 2,000 ringgits starting from June 2027.

(1) India has removed tax exemptions for banks and government-designated institutions importing gold, silver, and platinum, imposing a 3% tax on these imports, thereby increasing the cost for major channels supplying to one of the world's largest precious metals markets. (2) Its revenue secretary, Arvind Shrivastava, stated on Thursday that the government did not extend the exemption from the Integrated Goods and Services Tax (IGST) for precious metals imported through banks beyond March 31 of this year. (3) This move places all gold and silver import channels on an equal footing in terms of tax treatment. (4) Shrivastava explained that the decision was made “to prevent tax policy from making one import channel more advantageous than another.” (5) India strictly controls gold imports, with most gold entering the country through authorized banks and designated institutions, while eligible jewelers may import through the India International Bullion Exchange. (6) The new tax regime will require these importers to allocate more operating funds.