Footwear on shorts

Kuala Lumpur – Finance Minister Zafrul Aziz has said Malaysia's inflation may reach around 11 percent if the government does not implement subsidies for essential items like fuel. Finance Minister Zafrul Aziz has said Malaysia's inflation may reach around 11%. (Photo: theedgemarkets.com) The minister told the press that Malaysia's inflation is forecast to be 2.2 percent -3.2 percent. In fact, for the first six months of the year, inflation was around 2.5 percent, and that was largely due to the large size of subsidies that the government introduced. Malaysia's inflation, as measured by the consumer price index, increased 3.4 percent year-on-year in June, led by costlier food, the Department of Statistics Malaysia said on July 22. Nonetheless, Tengku Zafrul acknowledged that the current blanket subsidy policy is not sustainable for the country, but it is necessary for economic recovery in the short term. The government is managing the economy cautiously, and the … [Read more...] about Malaysia’s inflation may hit double digits: Finance Minister

The activities, including film screenings, fashion shows, flag raising ceremony, culinary introduction, folk games, and sports tournaments, among others will take place from August 6 to 28. Organized by the Vietnamese Embassy in coordination with the Indonesian Embassy and the Philippine Community in Tanzania, the event aims to promote exchanges and connections between citizens within ASEAN and Tanzania in the fields of culture, cinema and cuisine. It drew the participation of officials and staff of the embassies and people of the three ASEAN countries who are living and working in the country as well as 200 Tanzanian youths, students and international friends. Addressing the event, Vietnamese Ambassador to Tanzania Nguyen Nam Tien described the celebration of the 55th founding anniversary as an opportunity to connect cultures, introducing the characteristics of the ASEAN Community in general and of Vietnam in particular to local friends. Meanwhile, Indonesian Ambassador to … [Read more...] about Cultural exchanges held to mark ASEAN’s 55th founding anniversary

In the first seven months this year, Vietnam’s total export value to the American market approximated $77 billion, equal 22 per cent jump on-year, in which exports to the US market were a bright spot reaching $66.7 billion, up 23.7 per cent on-year. Earlier, accelerated export of Vietnamese products to this market was a hallmark in 2021 reaching $114 billion in total export value, showing a 27 per cent jump on-year. Vietnam also witnessed a big export surplus with this market reaching approximately $89 billion last year. Exports to the US surpassed $96 billion in 2021, more than $21 billion compared to 2020, placing the US in the pole position among Vietnam’s export markets with export value far exceeding that of other markets such as China, the EU, ASEAN, South Korea, and Japan. Several new markets clinching free trade agreements (FTA) with Vietnam in America such as Canada and Mexico have increased imports from Vietnam. Apart from seafood and apparel, the export … [Read more...] about Exports to the Americas eye strong rebound