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| A lesson from US debt ceiling fight |
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Posted by: superadmin - 05-30-2023, 03:58 PM - Forum: Politics
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A lesson from US debt ceiling fight: Don’t leave budgets adrift in the sea of democratic politics
US PRESIDENT Joe Biden and his Republican opponents have announced they have agreed in principle to raise the US debt ceiling and avert a default. Is this good news? Yes and no.
Obviously, the agreement will avoid the spreading of a global financial crisis; however, the agreement also reveals the contradiction of having a limit by law (the debt ceiling) which lawmakers can change at their discretion.
This makes the ceiling a weak tool in the fight against irresponsible deficit spending; as usual, normal people are those paying the consequences of such irresponsibility in terms of inflation and unemployment.
The issuing of additional debt usually pushes up the interest rate (because of the higher demand for loanable funds). This has two consequences: on the one hand, the supply of loanable funds rises (savings are attracted by higher interest rates).
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| China notes Ukrainian foreign minister’s rebuttal of US media report |
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Posted by: superadmin - 05-30-2023, 03:46 PM - Forum: Politics
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After Ukrainian Foreign Minister Dmytro Kuleba openly refuted a Wall Street Journal report claiming that China had proposed an immediate cease-fire and recognition of the "occupied territories of Ukraine as part of Russia," the Chinese Foreign Ministry said on Monday that it had noted the rebuttal.Some Chinese experts called the US media report a typical disinformation and part of a smear campaign launched by the US against China amid the Ukraine crisis.
In a rare move, Kuleba made the clarification in a video message after an article appeared in the US media outlet claiming that China's Special Representative for Eurasian Affairs Li Hui "carried a clear message" during his trip to Europe: US allies in Europe should assert their authority and urge an immediate cease-fire, leaving Russia in possession of the parts of its smaller neighbor that it now occupies, citing unnamed Western officials.
After the WSJ article was published, the Ukrainian foreign minister immediately contacted his colleagues in the European capitals that Li had visited, and none of them confirmed that negotiations had been held to recognize the territories currently controlled by Russia, according to Ukrainian media reports.
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| Annual report shows China’s environment quality keeps improving |
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Posted by: superadmin - 05-30-2023, 03:39 PM - Forum: Environment Protection News
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Annual report shows China’s environment quality keeps improving; authorities vow to enhance monitoring
China's environment continued to see improvement in the last year thanks to comprehensive policies and measures, an annual report suggests, while the environmental authorities vowed to further enhance monitoring to reinforce long-term environmental improvement.
China's 339 cities on average enjoyed 86.5 percent of days of good air quality in 2022, surpassing the country's goal by 0.9 percentage points, according to the China Environment Report 2022 published by the Ministry of Ecology and Environment (MEE) on Monday.
Among the main pollutants, PM2.5 density was found at an average rate of 29 micrograms per cubic meter in China's 339 cities in 2022, a 3.3 percent year-on-year drop. Average O3 density was 145 micrograms per cubic meter, a 5.8 percent rise from 2021 rates, according to the report.
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| How Anwar’s unity gov’t can prove the “green wave” is a misnomer |
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Posted by: superadmin - 05-30-2023, 10:57 AM - Forum: Politics
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How Anwar’s unity gov’t can prove the “green wave” is a misnomer in upcoming state polls
![[Image: PAS-green-wave-The-Star.jpg]](https://focusmalaysia.my/wp-content/uploads/PAS-green-wave-The-Star.jpg)
IS IT possible for Datuk Seri Anwar Ibrahim’s unity government to make a breakthrough in the six state general elections in August?
I think that it is not only feasible but the likely result although political parties in the Anwar unity government must not take things for granted or fall between two stools – over-optimism of victory in Penang, Selangor and Negri Sembilan and over-pessimism of defeat in Kelantan, Terengganu and Kedah.
One objective of the Anwar unity government is to demonstrate that the so-called “green wave” in the 15th parliamentary elections was a misnomer that it was built on lies, falsehoods and fake news on the social media.
This is the time for a war of nerves for political coalitions like the Perikatan Nasional (PN) to behave as if they are stronger than before, and that an irresistible and invincible “green wave” would sweep the six state general elections in August and end Anwar’s premiership.
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| TNB’s net profit touches RM1bil in first quarter |
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Posted by: superadmin - 05-30-2023, 07:23 AM - Forum: Business. Economy and Investment
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PETALING JAYA: Tenaga Nasional Bhd’s (TNB) net profit in the first quarter ended March 31, 2023 (Q1 FY2023) rose 12.2% to RM1 billion from RM893.1 million a year ago on the back of higher revenue and lower tax provisions which offset higher operating expenses.
Quarterly revenue was up 3.9% to RM12.63 billion from RM12.15 billion, on higher sales of electricity with demand growth of 0.8%, TNB said.
The increase was primarily attributed to lower tax provisions recognised in the current quarter, resulting from the higher utilisation of the reinvestment allowance incentive, the utility giant said in a filing with Bursa Malaysia today.
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![[Image: US-debt-ceiling.jpg]](https://focusmalaysia.my/wp-content/uploads/US-debt-ceiling.jpg)
![[Image: 0bf0bba1-7bfd-4c11-ba60-1fcf9670222b.png]](https://www.globaltimes.cn/Portals/0/attachment/2023/2023-05-18/0bf0bba1-7bfd-4c11-ba60-1fcf9670222b.png)
![[Image: 063ca79b-1744-4243-893b-f4f8b7331110.jpeg]](https://www.globaltimes.cn/Portals/0/attachment/2023/2023-05-28/063ca79b-1744-4243-893b-f4f8b7331110.jpeg)
![[Image: pencawang-elektrik-electricity-towers-be...0820-1.jpg]](https://media.freemalaysiatoday.com/wp-content/uploads/2022/09/pencawang-elektrik-electricity-towers-bernama-200820-1.jpg)
