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Bosses group confident budget will help cut unemployment rate Posted by: superadmin - 10-30-2021, 03:49 PM - Forum: Business. Economy and Investment - No Replies KUALA LUMPUR: The 2022 budget initiatives will help in alleviating the rising unemployment rate, said the Malaysian Employers Federation (MEF). In a statement today, it noted that the number of unemployed Malaysians rose to 711,000 in 2020 from 508,200 in 2019, while youth unemployment rose to 314,000 in 2020 from 295,800 in 2019. MEF president Syed Hussain Syed Husman commended the government’s allocation of RM4.8 billion to guarantee 600,000 job opportunities under the Jamin Kerja Keluarga Malaysia (JaminKerja) initiative. Additionally, employers who hire Malaysians who have not been actively employed will be provided with an incentive of 20% of the monthly salary for the first six months and 30% for the next six months. These are only for jobs that pay a monthly wage of RM1,500 and above. He also lauded the government for setting aside RM2 billion to continue the Wage Subsidy Programme that would benefit about 300,000 employees, especially those in the tourism and related sectors that were badly affected during the lockdowns. - More -   Biden’s $27 billion bet on forests Posted by: superadmin - 10-30-2021, 11:55 AM - Forum: Environment Protection News - No Replies As the White House revealed Thursday, President Joe Biden has stripped a lot from his Build Back Better framework to placate moderate Democrats. Free community college is out, as is Medicare coverage of dental and vision services, among several other priorities. But there is one surprising area that’s so far survived the congressional gauntlet as part of a big climate spending proposal: forest management and conservation. The bill — which Democrats are trying to pass with a simple Senate majority using the reconciliation process — allocates roughly $27 billion for spending related to federal, state, and tribal forests. While that’s just a sliver of the roughly $1.75 trillion spending package, it’s an enormous and historic number, said Collin O’Mara, CEO of the National Wildlife Federation. “It’s the most significant investment ever in our national forests,” O’Mara told Vox. “It’s an astonishingly big deal.” A large chunk of those funds would go toward preventing wildfires — which release huge amounts of carbon dioxide into the atmosphere and have devastated Western towns — and toward more equitable access to green spaces. The bill would also set aside billions of dollars for ecosystem restoration and more environmentally friendly farming practices. Biden’s framework reveals that conserving forests and biodiversity is a core component of the nation’s plan to tackle climate change, as many scientists say it should be: Trees and soil are a natural sink for carbon dioxide, making forests a key solution for cutting climate pollution. Yet for decades, biodiversity conservation and climate change have largely been considered separate issues. The bill also shows that the US government has recognized the growing threat of climate-fueled wildfires and is willing to fund the Forest Service to do something about it. But a few big questions remain, including whether the bill will pass. And some forest advocates fear that the boost in spending could actually increase commercial logging — which, in turn, fuels climate change. - More -   Inflation notches a fresh 30-year high as measured by the Fed’s favorite gauge Posted by: superadmin - 10-30-2021, 11:48 AM - Forum: Business, Economy and Investment - No Replies Headline inflation, including food and energy, rose at a 4.4% annual rate in September, the fastest since 1991. Core inflation, which is the Fed’s preferred gauge, increased 3.6% for the 12 months, the same as in August but still also the fastest pace in 30 years. Personal income declined at a faster pace than expected while consumer spending increased and was in line with forecasts. Employment costs rose more than expected and at the fastest annual pace in 19 years. Annual inflation rose at its fastest pace in more than 30 years during September despite a decline in personal income, the Commerce Department reported Friday. Headline price pressures as gauged by the personal consumption expenditures price index including food and energy increased 0.3% for the month, pushing the year-over-year gain to 4.4%. That’s the fastest pace since January 1991. Stripping out food and energy costs, inflation rose 0.2% for the month, in line with the Dow Jones estimate, and 3.6% for the 12-month period, unchanged from August but good for the highest since May 1991. The Federal Reserve prioritizes the so-called core PCE reading among a battery of measures it uses for inflation. - More -   We don’t really trust each other, do we? Posted by: superadmin - 10-30-2021, 11:14 AM - Forum: Stop Racism and Religious Bigotry - No Replies Last week, I wrote in my column about whether Malaysia will ever be free from narrow-mindedness. My thoughts were premised on the reality that many issues, which we should discuss at the national level, seem to easily trigger off anger, antagonism and unpleasantness. And, our politicians constantly urge us not to raise topics that are “sensitive”. If so, can we grow without a healthy exchange of ideas? I concluded by asking if we will ever have mature discourse in our country, free from the shackles of religion and dogma. The feedback on FMT’s social media sites and on my own platforms, showed that like many issues dealing with deep-rooted beliefs, religious conviction and Malaysia’s ubiquitous ‘social contract’, my thoughts received both support and criticism. Of course, this was to be expected. - More -   Budget has ignored PH’s MoU with govt, says Ramasamy Posted by: superadmin - 10-30-2021, 11:07 AM - Forum: Politics - No Replies PETALING JAYA: The push for transformation and stability in the memorandum of understanding (MoU) between the government and Pakatan Harapan is not reflected in the 2022 budget, says DAP’s P Ramasamy. “It appears that the MOU is seen as benefiting the government more than the opposition. “It has failed to respect and honour the support given by the opposition. It has not mitigated the pernicious effects of racial and religious extremism,” he said in a statement today. The Penang deputy chief minister said he had hoped that with the establishment of various committees and a good working relationship between the government and the opposition, the budget should have reflected the spirit and substance of the MoU. He said the government had instead taken it for granted without factoring in the element of reciprocity. - More -   Electric vehicle tax exemptions swell, but consider public charging bays too Posted by: superadmin - 10-30-2021, 10:50 AM - Forum: Business. Economy and Investment - No Replies Budget 2022: electric vehicle tax exemptions swell, but consider public charging bays too KUALA LUMPUR – The government is set to provide tax exemptions for electric vehicles (EVs) under Budget 2022. During the tabling of Budget 2022 yesterday, Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz acknowledged the potential of EVs to reduce air pollution. “Thus, to support the development of the local EV industry, the government agrees to implement exemptions towards import duties, excise duties, and sales tax for EVs.” Additionally, he announced 100% road tax exemptions for these vehicles. He said tax exemptions up to RM2,500 will be given to individuals for the cost of purchasing, installing, and renting facilities to charge EVs. The move by the government to recognise the future of EVs in the automotive industry sat well with industry players. - More -   A RM1.3bil election carrot – but will civil servants bite? Posted by: superadmin - 10-30-2021, 10:44 AM - Forum: Politics - No Replies PETALING JAYA: Political analysts say the extra perks for civil servants in next year’s national budget indicate that the government is already thinking about their votes at the next general election. But the analysts are sceptical about whether civil servants will be swayed. The new perks announced yesterday include five additional days of unrecorded leave, and RM700 in once-off cash aid for active public servants and RM350 for retirees, at a total cost of RM1.3 billion to the government. Ahmad Fauzi Abdul Hamid of Universiti Sains Malaysia (USM) said that while the budget clearly had the next general election in mind, possibly early next year, he doubted it would be enough to sway the “independent-minded” civil servants of today. - More -   Timah and Malaysia’s low-quality MPs Posted by: superadmin - 10-30-2021, 10:30 AM - Forum: Politics - Replies (1) The PKR MP for Tangga Batu, Rusnah Aluai, earned her masters in Political Science from the London School of Economics (LSE) and not from a sekolah attap. This is why some of us are puzzled that she is confused by the Timah whisky debacle. She said the Timah brand of whisky and the imagery used are “too confusing” and should be changed. Her comments are both offensive and embarrassing. Confusing to whom? One doubts if Malays and Muslims are confused by the Timah brand of whisky or the photo on the bottle. Practising Muslims will not drink whisky whether or not they believe the name, Timah, to be confusing. Rusnah wants the photo of Captain Tristram Speedy, who is shown with a thick beard and skullcap, to be replaced with one of him wearing a hat. Have Malays ownership of the skull cap? What about people of the Jewish faith who also sport the skull cap? - More -   ‘Unease in PAS’ over PN logo spells trouble for Bersatu Posted by: superadmin - 10-30-2021, 10:17 AM - Forum: Politics - No Replies PETALING JAYA: Members of PAS are uneasy after a decision by party leaders to sanction the use of Perikatan Nasional’s logo by PAS candidates in the Melaka elections, says a party insider. The source, who declined to be named, said the uneasiness in the ranks could spell trouble for PN lynchpin Bersatu. According to the source, PN chairman Muhyiddin Yassin’s announcement that Bersatu, PAS and Gerakan would contest under the coalition’s banner caught many in PAS by surprise. Some in the Islamic party’s ranks have made their feelings known. Mohd Zuhdi Marzuki, a central committee member said the matter should be discussed by the party while PAS deputy president Tuan Ibrahim Tuan Man was more direct, saying the party should use its own logo in the polls. - More -   Everything I heard about Beijing was WRONG Posted by: superadmin - 10-29-2021, 08:05 PM - Forum: Travels - No Replies Pages (1055): « Previous 1 … 711 712 713 714 715 … 1055 Next » Jump to page: