Malaysia expects its fiscal deficit to widen to 4 percent of gross domestic product (GDP) this year because of the 58 billion USD stimulus measures announced to counter the impact of the coronavirus pandemic on the economy.
Hanoi (VNA)- Malaysia expects its fiscal deficit to widento 4 percent of gross domestic product (GDP) this year because of the 58billion USD stimulus measures announced to counter the impact of the coronaviruspandemic on the economy.
Inan interview with state news agency Bernama last weekend, Finance MinisterTengku Zafrul Tengku Abdul Aziz said Malaysia’s fiscal deficit for 2020 would increasefrom 3.2 percent in 2019 to 4 percent this year.
Lastweek, Prime Minister Muhyiddin Yassin said his government would roll out a 250billion ringgit (58 billion USD) economic stimulus package.
Of this amount, about 100billion ringgit will be used to help businesses – mostly small and mediumenterprises (SMEs) – while a further 128 billion ringgit will be allocated topublic welfare.
The stimulus amount worksout to be about 17 percent of the country’s GDP and includes measures worth 20billion ringgit announced last month by the previous government./.
Indonesia and Malaysia are doubling efforts to contain the spread of the novel coronavirus SARS-CoV-2 as the numbers of infections and deaths have been increasing in recent days.
The Malaysian government has allowed banking borrowers, including individuals and small and medium sized enterprises (SMEs), in the country to delay the repayment of their existing loans for a period of six months.
Malaysian Prime Minister Muhyddin Yassin on March 27 announced an economic stimulus package worth 250 billion RM (57.5 billion USD) to deal with negative impacts of the COVID-19 pandemic.
Indonesia and Malaysia have recorded a surge in the number of COVID-19 cases with more than 100 new patients confirmed in 24 hours as of March 28 noon.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
