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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.
KUALA LUMPUR: The funds that won big from Asia’s worst-performing major equity market placed their bets on technology stocks.
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.
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.
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.
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).
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.
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.
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.
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.