Hardest hit by pitch

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

President Nguyen Xuan Phuc (right) and Lt. Gen. Hun Manet, Deputy Commander-in-Chief of the Royal Cambodian Armed Forces (RCAF) and Commander of the Royal Cambodian Army (Photo: VNA) Hanoi (VNA) – President Nguyen Xuan Phuc hosted a reception in Hanoi on August 9 for Lt. Gen. Hun Manet, Deputy Commander-in-Chief of the Royal Cambodian Armed Forces (RCAF) and Commander of the Royal Cambodian Army. The President expressed his hope that Hun Manet’s visit will significantly contribute to the success of the Vietnam-Cambodia Friendship Year 2022 marking the 55th anniversary of the bilateral diplomatic ties (June 24, 1967). Phuc congratulated Cambodian people on great, comprehensive achievements they have recorded over the past time, and noted his belief that Cambodia will gain more attainments in both home and external affairs in the time ahead, and successfully fulfill its ASEAN Chairmanship 2022 and organise its general elections in 2023. Highlighting the traditional … [Read more...] about President receives Cambodian high-ranking military officer

Many policies on the settlement of AO consequences have been carried out over the past years, including supporting AO victims. (Photo: VNA) Hanoi (VNA) – Joining hands to soothe the pain caused by Agent Orange (AO) is not only a charitable or humanitarian deed but firstly an activity to express gratitude to revolution contributors and the sense of responsibility of each Vietnamese people. Vietnam marks 61 years since the AO disaster on August 10 this year. Sen. Lt. Gen. Nguyen Van Rinh, Chairman of the Vietnam Association of Victims of AO/ Dioxin (VAVA), said the Party, State, and people have made wholehearted efforts with the highest sense of responsibility to care for revolution contributors, including those suffering from toxic chemicals in the resistance war and AO victims. Many policies on the settlement of AO consequences have been carried out, he said, noting that the State has spent tens of trillions of VND each year on providing monthly allowances, health … [Read more...] about Tireless efforts made to soothe Agent Orange pain

Tens of thousands of tourists stranded in a Covid-hit resort city in southern China due to travel curbs can begin leaving in batches, authorities said Tuesday, but many remain trapped. Residents and tourists in the southern Chinese province of Hainan line up to be tested for the coronavirus on Monday. — AFP More than 80,000 holidaymakers in Sanya on the island of Hainan -- often called "China's Hawaii" -- saw their vacations turn into a nightmare when officials declared a Covid emergency and cancelled flights and train ticket sales over the weekend. Sanya, home to more than a million people, is battling its worst outbreak in two years with more than 1,500 cases reported between August 1 and 9, according to official data. China is the only major economy still sticking to a zero-Covid strategy that uses snap lockdowns and long quarantine periods to contain outbreaks before they spread. The local health bureau on Tuesday announced that some tourists would be … [Read more...] about Tourists trapped in ‘China’s Hawaii’ over Covid to start leaving