DRINK MORE ALCOHOL TO BOOST ECONOMY, JAPAN IMPLORE YOUTHS

Japan asks youths to drink more alcohol to boost economy

The government in Japan has launched a new campaign aimed at encouraging youths in the country to drink more alcohol

In a blog post, the country’s National Tax Agency (NTA) said the initiative followed a drastic fall in tax revenues from alcoholic beverages.

According to the agency, alcohol consumption in the country fell from an average of 100 litres a person a year in 1995 to 75 litres in 2020.

A report by Japan Times also showed that taxes on alcohol accounted for 1.7% of Japan’s tax revenue in 2020, down from 3% in 2011 and 5% in 1980.

In the statement, NTA said the campaign tagged “Sake Viva!” is a nationwide competition to get ideas from the youths on how to make alcohol more appealing to young people in the country.

The government also said the contest, which targets those between the ages of 20 to 39, will help boost tax revenue from alcohol consumption.

It added that the coronavirus pandemic, as well as demographic changes such as declining birthrate and aging population, have significantly affected the country’s alcohol intake rate.

“The domestic alcoholic beverage market is shrinking due to demographic changes such as the declining birthrate and aging population, and lifestyle changes due to the impact of the new coronavirus infection,” it reads.

“In this project, by asking young people to propose their own business plans, we will appeal to young people for the development and promotion of Japanese alcoholic beverages, and at the same time, we will revitalize the industry by announcing excellent plans.”

Comments

$100 MILLION STOLEN BY HACKERS IN CRYPTO HEIST

Hackers steal nearly $100m in Japan crypto heist IMAGE SOURCE, Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. Leading Japanese cryptocurrency exchange Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. The company announced that some of its digital currency wallets have been "compromised." It is the second major theft of cryptocurrencies to take place in recent days. Last week, digital token platform Poly Network was at the centre of a $600m heist. "WE ARE SORRY TO ANNOUNCE THAT #LIQUIDGLOBAL WARM WALLETS WERE COMPROMISED, WE ARE MOVING ASSETS INTO THE COLD WALLET," THE COMPANY SAID ON TWITTER. So-called 'warm' or 'hot' digital wallets are usually based online and designed to allow users to access their cryptocurrencies more easily, while 'cold' wallets are offline and harder to access and therefore usually more secure.

Countries Accepting Nigerians Seeking Second Citizenship

Countries Accepting Nigerians Seeking Second Citizenship Nigerians are able to access the following citizenship and immigration programs: The Caribbean Second Citizenship Programs, Caribbean nations like St. Kitts & Nevis, St. Lucia and Grenada offer second citizenship through their respective Citizenship-by-Investment programs. A holder of one of these passports may travel visa free to about 135 countries, including all European Union countries, the UK, Russia, Turkey, Singapore and Hong Kong. Holding a citizenship from one of these respected countries may also make it easier to obtain residency status or study in other countries, and allows political security and makes it easier to open bank accounts in foreign jurisdictions. To qualify, an applicant needs to be of good reputation and make a government donation of at least $100,000 USD after approval of their citizenship application. Approval of a Citizenship-by-Investment application normally takes about 3 months, and all de

ACTRESS SENTENCED TO SIX MONTHS IN ISLAMIC SCHOOL

Sharia Court Sentences Kannywood Actress To Six Months In Islamic School The actress, Sadiya Haruna was handed the sentence on charges of “indecent social media postings.” Credit: Instagram | Sadiya Haruna The actress, Haruna, a resident of Kabuga Quarters was initially arrested on Friday by the Head of Surveillance Department of Kano State Hisbah Board, Malam Aliyu Usman. She was then detained in the custody of the Islamic police until early Monday when she was brought before the Sharia court sitting in Sharada area of the state. According to the First Information Report (FIR) filed against her, she was alleged to have consistently posted indecent videos in which she was dancing seductively and making sexual comments on her social media handles and YouTube channel. The accused person pleaded guilty to a one-count charge of obscenity and indecent act, which contradicts section 355 of Penal Code Law 2000. The presiding judge, Justice Ali Jibril Danzaki thereafter convicted her a

News, Events and People.

Search This Blog