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World Bank says Indonesia forest fires cost $5.2 billion in economic losses
JAKARTA (Reuters) - The total damage and economic loss from forest fires in Indonesia this year amounted to at least $5.2 billion (4.05 billion pounds), equal to 0.5% of gross domestic product, the World Bank said in a report on Wednesday.
Malaysia top funds like tech stocks in Asia’s worst market
KUALA LUMPUR: The funds that won big from Asia’s worst-performing major equity market placed their bets on technology stocks.
The Runaway Husbands
CHANDIGARH, India (Reuters) - In a pink-walled room of a government office at the foot of the Himalayas, Indian women spend their days cancelling the passports of runaway husbands.
Egypt, Ethiopia, Sudan to meet January 13 over dam dispute, U.S. says
WASHINGTON (Reuters) - The foreign ministers of Egypt, Ethiopia and Sudan plan to meet in Washington on Jan. 13 to resolve their dispute over a massive dam project on the Blue Nile in Ethiopia, according to a joint statement issued by the U.S. Treasury Department on Monday.
‘Millennials spending beyond their means’
KUALA LUMPUR: Low-income Malaysians and millennials are piling up debts and risking bankruptcy by turning to banks for loans and credit cards to support their lifestyle choices, says a World Bank Group report.
Fomca: Raise financial literacy among the young
PETALING JAYA: While the government must take measures to reduce the cost of living, more must be done to raise financial literacy among the young, says the Federation of Malaysian Consumer Association (Fomca).
World Bank: M’sia inflation to rise by 1.5%-2% next year
KUALA LUMPUR: Malaysia’s headline inflation is expected to increase modestly in 2020, with consumer price inflation to average higher in the range of 1.5%-2% next year compared with 0.7% projected for 2019, said the World Bank Group.
Saifuddin: Reconcile? Walk the talk
PUTRAJAYA: Talk about mending the rift between rival party factions must be matched with sincere action, says PKR secretary-general Datuk Seri Saifuddin Nasution Ismail.
Malaysia's inflation rate to rise by 1.5% and 2% next year, World Bank says
KUALA LUMPUR: Malaysia’s headline inflation is expected to increase modestly in 2020, with consumer price inflation to average higher in the range of 1.5%-2% cent next year as compared with 0.7% projected for 2019, said the World Bank Group.
Younger workers feeling 'left behind', World Bank says
KUALA LUMPUR: Slowing income growth among lower-income households and younger workers has contributed to perceptions of being “left behind”, according to the World Bank’s Malaysia Economic Monitor.