Government Announces Tax Cuts and Looser Bond Rules to Lure Foreign Investment

The government has announced a package of tax reductions. It also plans to relax rules governing ownership of bonds. The measures aim to make the market more attractive to foreign investors. Officials say lower taxes will improve the country’s competitiveness. Easing bond ownership is expected to increase capital inflows. The policy shift follows concerns about stagnant foreign direct investment. Critics caution that revenue impacts must be managed carefully. The reforms are slated for implementation later this year.