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Singapore PM looks forward to stronger ties with Perak Posted by: superadmin - 06-23-2022, 11:24 AM - Forum: Politics - No Replies SINGAPORE: Prime Minister Lee Hsien Loong says he looks forward to stronger ties between Singapore and Malaysia, including Perak. Lee met with Perak’s Sultan Nazrin Shah, who is on a four-day visit here at his invitation, yesterday. “Glad we could meet face-to-face again now that borders have reopened. We discussed regional developments and areas where Singapore and Perak can strengthen cooperation,” Lee wrote on Facebook. He appended a photo of him and Sultan Nazrin. Joining them were president of the Islamic Religious and Malay Customs Council of Perak Mohd Annuar Zaini and Singapore foreign minister Dr Vivian Balakrishnan. - More -   6 ways China thinks it can offset zero-Covid impact to get its economy back on track Posted by: superadmin - 06-23-2022, 10:00 AM - Forum: Business, Economy and Investment - No Replies China’s State Council unveiled a 33-point package of policy items in late May to help ‘get the economy back on a normal track’ Beijing released further details of the plan after Premier Li Keqiang has warned of a potential contraction in the second quarter China has unveiled a package of policies with the hope of avoiding a contraction in the second quarter of the year after Premier Li Keqiang sent a rare warning of an economic slowdown and ordered local cadres to front-load support plans. Beijing unveiled a 33-point package of policy items in late May, with the focus placed on fiscal policy as China has so far refrained from massively loosening monetary strategy, wary of risks of capital outflows due to the progressive rate increase plans in the United States. Economic indicators did marginally improve in May, while the Ministry of Industry and Information Technology plans to unveil “extraordinary” policies to boost investment and offset the disruption caused by the nationwide coronavirus controls and rising prices of raw materials in the wake of the Ukraine war. Here are the most eye-catching items from the 33 policies Beijing has deployed to stem the economic downturn. 1. Increase tax rebate The State Council has expanded the coverage of the value-added tax rebate programme, with an additional 142 billion yuan (US$21 million) offered to seven more industries – retail, agriculture, food and drink, services, education, health and entertainment, with the aim to increase business cash flow and to stimulate the market. Precipitants under the scheme are expected to receive their money by July. The additional rebates will take the total for 2022 to 1.64 trillion yuan (US$245 billion), which was labelled as “unprecedented” by the official Xinhua News Agency. - More -   Subsidy removals: is the government digging its own grave? Posted by: superadmin - 06-23-2022, 09:52 AM - Forum: Business. Economy and Investment - No Replies KUALA LUMPUR – Political observers could only react in bewilderment after the government decided to remove subsidies on several crucial goods beginning next month, a move set to result in a bleak end of the year for millions of Malaysians already reeling from high inflation. With Barisan Nasional’s (BN) popularity not necessarily at the highest level, analysts warned the government could be staring down its own barrel if it pushes on with the contentious policy that may have a significant bearing on the results of the coming general election (GE). This is unless significant measures are taken to allay the impact of its announcement on the rakyat. Their comments come after Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi revealed yesterday that subsidies on bottled cooking palm oil products, as well as the ceiling price control on chicken and eggs, would be removed effective July 1. - More -   MEASAT-3d successfully launched into orbit from French Guiana Posted by: superadmin - 06-23-2022, 09:49 AM - Forum: Business. Economy and Investment - No Replies KUALA LUMPUR: The MEASAT-3d satellite was successfully launched into orbit from French Guiana in South America at 5.50am (Malaysian time) today. The satellite was launched on the Ariane-5 rocket at the Guiana Space Centre, which is also called European Spaceport, in Kourou, about 17,000km from Malaysia. A Malaysian delegation led by communications and multimedia ministry secretary-general Mohammad Mentek witnessed the launch. He was accompanied by Malaysian ambassador to France Mohd Zamruni Khalid, Sabah minister of science, technology and innovation Yakub Khan, defence ministry representative Shamsuddin Ludin and MEASAT chief operating officer Yau Chyong Lim. - More -   G25 calls for ‘serious work’ by PSCs after GE15 Posted by: superadmin - 06-22-2022, 07:20 PM - Forum: Politics - No Replies PETALING JAYA: G25 has called for MPs elected in the next general election (GE15) to prove their political commitment by doing some “serious work” in their parliamentary select committees (PSCs). In a statement, the group of prominent retired civil servants urged MPs elected in GE15 to use the PSCs to scrutinise ministries’ operations, their implementation of policies, and their spending of government allocations. - More -   UK inflation hits new 40-year high of 9.1% as food and energy price surge persists Posted by: superadmin - 06-22-2022, 03:15 PM - Forum: Business, Economy and Investment - No Replies The 9.1% rise in the consumer price index was in line with expectations from economists in a Reuters poll and slightly higher than the 9% increase recorded in April. Consumer prices rose by 0.7% month-on-month in May, slightly above expectations for a 0.6% rise but well short of the 2.5% monthly increase in April, indicating that inflation is slowing somewhat. LONDON — U.K. inflation hit 9.1% year-on-year in May as soaring food and energy prices continue to deepen the country’s cost-of-living crisis. The 9.1% rise in the consumer price index, released Wednesday, was in line with expectations from economists in a Reuters poll and slightly higher than the 9% increase recorded in April. Consumer prices rose by 0.7% month-on-month in May, slightly above expectations for a 0.6% rise but well short of the 2.5% monthly increase in April, indicating that inflation is slowing somewhat. In its communications alongside the figures on Wednesday, the U.K.’s Office for National Statistics said its estimates suggested that inflation “would last have been higher around 1982, where estimates range from nearly 11% in January down to approximately 6.5% in December.” - More -   Bitcoin could plunge even further to a low of $13,000, one strategist warns Posted by: superadmin - 06-22-2022, 02:26 PM - Forum: Business, Economy and Investment - No Replies Ian Harnett, co-founder of Absolute Strategy Research, said past crypto rallies show bitcoin tends to fall roughly 80% from all-time highs. Such a drop in 2022 would likely drag the world’s biggest token down to $13,000 — a “key support area,” according to Harnett. The crypto world is on edge as investors grapple with the impact of higher interest rates and liquidity issues at major industry players. If crypto’s past bubbles are anything to go by, bitcoin could be about to fall much further. That’s according to one strategist, who warns the world’s top cryptocurrency is likely to tank as low as $13,000 — an almost 40% drop from current levels. “We would still be selling these kinds of cryptocurrencies into this environment,” Ian Harnett, co-founder and chief investment officer of Absolute Strategy Research, told CNBC’s “Squawk Box Europe” Tuesday. “It really is a liquidity play. What we’ve found is it’s neither a currency, nor a commodity and certainly not a store of value.” Explaining his bearish call, Harnett said past crypto rallies show bitcoin tends to fall roughly 80% from all-time highs. In 2018, for instance, the cryptocurrency plummeted close to $3,000 after hitting a peak of nearly $20,000 in late 2017. - More -   US in futile rehearsal to decouple China with Xinjiang ‘forced labor’ law Posted by: superadmin - 06-22-2022, 10:56 AM - Forum: Business, Economy and Investment - No Replies As the US begins enforcement of the so-called Uyghur Forced Labor Prevention Act (UFLPA) on Tuesday to scrap imports from China's Xinjiang region citing "forced labor" concerns, the Chinese government condemned it as an attempt to create "forced unemployment" and is economic coercion. Analysts said that since the US takes the enforcement of the malicious law as a rehearsal for decoupling with China in the future, global manufacturers and multinational companies will find they are facing numerous difficulties and complexities in complying with the law, with the US contributing to more globalization uncertainties and global supply chain chaos.  Congress passed the UFLPA in December 2021 and US President Joe Biden signed it into law. It bans products made in China's Xinjiang, smearing the Chinese government over "oppression" of the Uygur and other minority populations in its Xinjiang region. - More -   Expert, consumer group trash ‘irrelevant’ call to cap vehicle lifespan Posted by: superadmin - 06-22-2022, 10:49 AM - Forum: Business. Economy and Investment - No Replies KUALA LUMPUR – Experts have criticised a proposal to cap vehicle lifespans and dispose of them after 10 years as a policy the country is largely unprepared for, calling it “irrelevant” within the context of infrastructure development. Universiti Putra Malaysia’s Road Safety Department director Law Teik Hua said the recent proposal to dispose of old cars, put forward by a group of researchers from Universiti Kebangsaan Malaysia as a measure to alleviate traffic congestion, is not new. He said such policies have been implemented years ago in countries such as Japan and Singapore, which have seen reduced traffic congestion. “However, when we speak about the issue in our country, we are still unprepared to implement the proposal. What alternatives are being offered to the owners of old cars? “If it was in Japan or Singapore, they would have developed an efficient public transport system, but we have yet to achieve this,” he told The Vibes’ Bahasa Malaysia sister portal Getaran. - More -   Academic laments disconnect between Islamic teachings and conduct Posted by: superadmin - 06-22-2022, 09:53 AM - Forum: Stop Corruptions - No Replies PETALING JAYA: An academic believes there is a disconnect between Islamic teachings and how Muslims conduct themselves in Malaysia. Anis Yusal Yusoff of Universiti Kebangsaan Malaysia’s Institute of Ethnic Studies said Muslims appeared to be “selective” over what is permissible and impermissible in Islam. “For instance, both the consumption of pork and corruption are impermissible in Islam. “While many Muslims strictly obey the former, it appears there is a disregard for the latter,” he said during a forum on the topic of Islam in Malaysia. - More - Pages (1347): « Previous 1 … 831 832 833 834 835 … 1347 Next » Jump to page: