PETALING JAYA: Malaysia’s total subsidies, which is set to hit a record high of nearly RM80bil this year, will come at a necessary cost as the government strives to curb the rising cost of living. Given the current economic environment, Malaysia University of Science and Technology professor Geoffrey Williams said the need to increase subsidies […]
Read MoreMANILA, Philippines — The peso rebounded yesterday, gaining 20.50 centavos to close at 54.78 from Friday’s 54.985 to $1 and ending eight straight days of freefall, according to the Bankers Association of the Philippines (BAP). The local currency opened stronger at 54.93 before losing steam to hit an intraday low of 55.15 and rallying to […]
Read MoreWITH less than a year to go for the Thai general elections, a new political party led by a former investment banker is pushing the high cost of living and other ills plaguing the economy as key poll issues in its bid to emerge as a political force. Korn Chatikavanij, a former chairman of JPMorgan […]
Read MoreNon-Vietnamese nationals living in Vietnam will likely be granted an electronic identification account to perform public administrative procedures. The Vietnamese Ministry of Public Security (MPS) is considering the issuance of identification (ID) cards for long-term non-Vietnamese residents. Accordingly, people of Vietnamese origin who were born in Vietnam or abroad but have returned to Vietnam and […]
Read MoreThailand recorded about 2.03 million foreign tourist arrivals between Jan 1 and June 26, a government spokeswoman said on Monday, as many pandemic entry restrictions were eased. Total foreign visitors could exceed 10 million this year, deputy government spokeswoman Traisuree Traisoranakul said in a statement, citing an International Air Transport Association forecast. The country was visited […]
Read MoreKUALA LUMPUR: S&P Global Ratings has revised Malaysia’s long-term sovereign credit ratings outlook to ‘stable’ from ‘negative’ as it believes the country is on a strong economic recovery path compared to others at similar income levels, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, in reference to the global ratings agency’s latest report on […]
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