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IMF cuts 2022 global growth forecast as U.S., China recovery wanes Posted by: superadmin - 01-26-2022, 11:40 AM - Forum: Business, Economy and Investment - No Replies The International Monetary Fund has downgraded its 2022 global growth forecast to 4.4%. In its World Economic Outlook report, published Tuesday, the IMF said it expects global gross domestic product to grow 0.5 percentage points less than previously estimated. The revised outlook is largely due to growth markdowns in the world’s two largest economies; the U.S. and China. The International Monetary Fund has downgraded its global growth forecast for this year as rising Covid-19 cases, supply chain disruptions and higher inflation hamper economic recovery. In its delayed World Economic Outlook report, published Tuesday, the IMF said it expects global gross domestic product to weaken from 5.9% in 2021 to 4.4% in 2022 — with this year’s figure being half a percentage point lower than previously estimated. “The global economy enters 2022 in a weaker position than previously expected,” the report noted, highlighting “downside surprises” such as the emergence of the omicron Covid variant, and subsequent market volatility, since its October forecast. The revised outlook is led by growth markdowns in the world’s two largest economies; the U.S. and China. - More -   WHO says Omicron risk level ‘very high’ Posted by: superadmin - 01-26-2022, 11:24 AM - Forum: Covid-19 Pandemic - No Replies GENEVA – The risk level related to the Omicron variant remains very high, the World Health Organisation (WHO) said late yesterday, with the number of new Covid-19 cases hitting another record high last week. “Over 21 million new cases were reported, representing the highest number of weekly cases recorded since the beginning of the pandemic,” the WHO said in its weekly epidemiological coronavirus update. The UN health agency said the number of new infections increased by five percent in the week to Sunday – compared to the 20% rise registered the week before. “A slower increase in case incidence was observed at the global level,” the WHO said. Nearly 50,000 new deaths were also reported, it added – a similar figure to the week before. The report said Omicron continued to increase its dominance globally over the other variants of concern. “The current global epidemiology of SARS-CoV-2 is characterised by the dominance of the Omicron variant on a global scale, continued decline in the prevalence of the Delta variant, and very low-level circulation of Alpha, Beta and Gamma variants,” the WHO said. - More -   Report: Umno sees no benefit helping ‘weak’ PAS gain foothold in Johor Posted by: superadmin - 01-26-2022, 11:17 AM - Forum: Politics - No Replies Report: Umno sees no benefit helping ‘weak’ PAS gain foothold in Johor, says Nur Jazlan KUALA LUMPUR, Jan 26 — Johor Umno deputy chief Datuk Nur Jazlan Mohamed has said PAS is trying to hang onto its tenuous position in the federal government by securing a foothold in the Johor state government. According to Malaysiakini, Nur Jazlan said PAS was attempting “to ride on Umno’s coattails” ahead of the impending Johor polls because the party knows it won’t be able to win seats in the state assembly under its own steam. He cited as evidence the signs that the Islamist party has been making overtures to the state’s caretaker Mentri Besar Datuk Seri Hasni Mohammad, who is also state Barisan Nasional (BN) chief. “Why should we help weak (parties)? In Melaka, they have proven (they are weak). They did not ally with us and lost everything. "At the time, we offered them rights to field five candidates but they chose to go (with Perikatan Nasional). - More -   Deja vu for MACC in leadership crisis – Terence Fernandez Posted by: superadmin - 01-26-2022, 10:35 AM - Forum: Politics - No Replies LAST weekend’s #TangkapAzamBaki rally calling for the arrest of the Malaysian Anti-Corruption Commission (MACC) chief Tan Sri Azam Baki lent a sense of déjà vu to those whose memory has yet to fail them. It was 15 years ago that a similar rally calling for the head of the anti-graft chief was held – only this time instead of Kuala Lumpur, it was held in Putrajaya with the final destination being the Prime Minister’s Office. Also, this time, instead of being organised by youth movements, the rally on March 6, 2007, to hand over a memorandum of protest to then prime minister Datuk Seri Abdullah Ahmad Badawi, was led by political parties such as PKR, PAS and Gerakan. The Malaysian Anti-Corruption Agency (ACA) was suffering a crisis of confidence. Its then director-general Datuk Seri Zulkipli Mat Noor was accused of, among others, corruption, abuse of power, living beyond his means and even sexual impropriety. The accusations were made in 2007 by a former ACA officer Muhammad Ramli Manan to then Inspector-General of Police Tan Sri Bakri Omar, where the alleged offences were committed when Zulkipli was in the police force. Zulkipli was police chief for Johor and later Sarawak before being appointed as the first police officer to head the ACA. There were contradictory statements as to the probe into the allegations with Zulkipli saying he was cleared while then attorney-general Tan Sri Gani Patail reported as asking Bakri’s successor Tan Sri Musa Hassan to speed up investigations. In fairness, Zulkipli was cleared later on but by then the credibility of the ACA was tattered and bruised. Transparency International (TI) had placed Malaysia at 44th place in 2007 in its Corruption Perception Index (CPI) – a drop from 36th spot previously. - More -   Zahid’s legal woes seen as irrelevant to Johor polls Posted by: superadmin - 01-26-2022, 10:15 AM - Forum: Politics - No Replies PETALING JAYA: Analysts expect Barisan Nasional’s chances of winning the Johor elections to remain good despite a recent High Court order on Umno president Ahmad Zahid Hamidi to defend himself against all 47 charges of corruption, criminal breach of trust and money laundering brought against him. Azmi Hassan of Akademi Nusantara and Awang Azman Pawi of Universiti Malaya told FMT they believed BN’s performance in last November’s Melaka polls showed that its leaders’ legal troubles had no bearing on its chances in state elections. BN gained a two-thirds majority in the Melaka state assembly despite court cases involving several party members, including Zahid and former prime minister Najib Razak. “I don’t see Zahid’s court case as having a negative impact on the party,” Azmi said. - More -   Muda can pose a threat to all parties, says Faizal Posted by: superadmin - 01-26-2022, 10:11 AM - Forum: Politics - No Replies PETALING JAYA: Bersatu admits that the newly-registered Muda is capable of challenging other political parties, especially with the implementation of Undi18. However, its deputy president Ahmad Faizal Azumu said that it will take more than that to unseat the current government. “When given a role, of course they (young people) are enthusiastic. It is true that Muda can be a threat, maybe even to all political parties,” the youth and sports minister said. “But we must realise that the youth also have an interest in other parties, including those from PN and BN. So all parties could make an impact (following Undi18),” he said during a programme on RTM tonight. - More -   Best for BN to go solo in Johor polls, says analyst Posted by: superadmin - 01-26-2022, 10:07 AM - Forum: Politics - No Replies PETALING JAYA: It is in the best interest of Barisan Nasional (BN) to contest the upcoming Johor elections without cooperating with parties outside the coalition, according to an analyst. Awang Azman Pawi of Universiti Malaya said the uncertainty of the other parties’ chances in the polls made it a bad idea for BN to give up seats it could itself vie for. “Even if they do win, it is unsure that they will remain in support of BN,” he told FMT. “PAS, for example, would still stick with Bersatu. This will be a loss for Umno and will weaken its dominance in BN.” - More -   Some SOPs can be relaxed for Johor polls, says MMA Posted by: superadmin - 01-26-2022, 10:02 AM - Forum: Politics - No Replies PETALING JAYA: Some SOPs can be relaxed for the upcoming Johor elections, says the Malaysian Medical Association (MMA), given Malaysia’s vaccination rate and increasing booster shot uptake. MMA president Dr Koh Kar Chai said more than 80% of the country’s population were fully vaccinated and there was an increase in the number of people receiving booster shots. Based on the health ministry’s data, he said, more than 40% of adult Johoreans had received their third dose. “Ceramahs would be okay if there is proper crowd control and strict adherence to SOPs,” Koh told FMT. - More -   Here is why China can contain the COVID-19 Pandemic! Posted by: superadmin - 01-25-2022, 08:18 PM - Forum: Covid-19 Pandemic - No Replies   Investors fear 'crypto winter' is coming as bitcoin falls 50% from record highs Posted by: superadmin - 01-25-2022, 06:55 PM - Forum: Business, Economy and Investment - No Replies Bitcoin, the world's largest virtual currency, briefly plunged below $33,000 Monday to its lowest level since July. It's since recovered back above $36,000, but is still down almost 50% from a record high of nearly $69,000 in November. That's got some crypto investors talking about the possibility of a "crypto winter." As cryptocurrency investors reel from the sharp sell-off in bitcoin and other digital currencies, some fear the worst is yet to come. Bitcoin, the world’s largest virtual currency, briefly plunged below $33,000 Monday to its lowest level since July. It’s since recovered back above the $36,000 mark, but is still down almost 50% from a record high of nearly $69,000 in November. Meanwhile, the entire crypto market has shed more than $1 trillion in value since bitcoin’s all-time high, as top tokens such as ether and solana followed the No. 1 digital currency to trade sharply lower. Ether has more than halved in value since reaching its peak in November, while solana has suffered an even steeper decline, falling 65%. That’s got some crypto investors talking about the possibility of a “crypto winter,” a phrase referring to historic bear markets in the young digital currency market’s history. The most recent such occurrence happened in late 2017 and early 2018, when bitcoin crashed as much as 80% from all-time highs. David Marcus, the former head of crypto at Facebook-parent Meta, appeared to admit a crypto winter has already arrived. In a tweet Monday, he said: “It’s during crypto winters that the best entrepreneurs build the better companies. This is the time again to focus on solving real problems vs. pumping tokens.” - More - Pages (864): « Previous 1 … 433 434 435 436 437 … 864 Next » Jump to page: