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Malaysia: Rising cost for stable prices

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 […]

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Vietnam proposes to issue ID cards to people without Vietnamese nationality

Non-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 […]

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Thailand sees 2m foreign visitors from Jan 1-June 26

Thailand 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 […]

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S&P revises Malaysia’s sovereign credit ratings’ outlook to stable, projects GDP to grow 6.1% in 2022

KUALA 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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