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S. Korea’s Q2 GDP growth hits decade high but latest outbreak a worry
KUALA LUMPUR: The implementation of the National People’s Well-Being and Economic Recovery Package (PEMULIH) is expected to have an impact on the government’s fiscal situation and a new fiscal deficit target will be made when the effects of the current Movement Control Order (MCO) on the Gross Domestic Product (GDP) are announced in August.
SYDNEY and KUALA LUMPUR (IPS): Failure to sufficiently accelerate comprehensive efforts to contain the Covid-19 contagion has greatly worsened the catastrophe in developing countries.
BEIJING: The Chinese central government delivered more than 2.5 trillion yuan (US$389bil or RM1.6 trillion) of directly funnelled fiscal funds to primary-level governments in the first four months through a normalised transfer mechanism to support employment, people’s basic needs and market entities, officials said.
PHNOM PENH (The Phnom Penh Post/ANN): The Ministry of Information will publish a book about the Kingdom’s fight against Covid-19. The publication will be a historical document about factual accounts of people and institutions involved in fighting the pandemic.
BANGKOK: Thailand lowered its 2021 economic growth forecast to 1.5 per cent to 2.5 per cent as it is facing an uphill battle against third wave of COVID-19.
PETALING JAYA: Government expenditure during the Emergency will be made accountable when the Parliament is permitted to reconvene, says Dewan Rakyat Speaker Datuk Azhar Azizan Harun, Utusan Malaysia reported.
DUBAI: Saudi Arabia could save over US$200bil (RM822bil) the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance minister said, as the kingdom seeks to cut costs to fund investments.
Want to stay in Cabinet? Then don't stay silent on issues concerning rakyat, Najib tells Umno ministers
PETALING JAYA: If Umno ministers decide to remain in the Perikatan Nasional Cabinet, then they shouldn't be silent towards government decisions that affect the general public, says former premier Datuk Seri Najib Razak.