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MANILA: Ferdinand Marcos Jr won a landslide victory in Monday’s Philippine presidential election as voters pinned their hopes on him to bolster the national economy amid the raging Covid-19 pandemic.
But if he fails to deliver on his promise of more protection at home and more projection abroad, it will be a huge missed opportunity.
Less than 10 days before the national and local elections held every six years in the Philippines, presidential aspirants are crisscrossing the archipelago, wooing voters with plenty of promises and dancing and singing performances despite the Covid-19 threat.
Vietnam will cap public debt at 60% of its gross domestic product through 2030, the government has announced.
by Marwa Yahya
PETALING JAYA: Pressure to raise taxes to improve the government’s fiscal position in the medium term may be inevitable, as corporate Malaysia faces depleting retirement savings.
MALAYSIAN households have nearly RM1.38 trillion worth of debt, exceeding what the federal government owes to its creditors.