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Victory a reversal of fortunes
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.
Macron’s win is an opportunity for France and the EU
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.
Presidential election campaign enters final stretch in Philippines
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 to cap public debt at 60% of GDP through 2030, says government
Vietnam will cap public debt at 60% of its gross domestic product through 2030, the government has announced.
Pressure to raise taxes anticipated
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.
High debt, low pay
MALAYSIAN households have nearly RM1.38 trillion worth of debt, exceeding what the federal government owes to its creditors.
Fast structural reforms needed
PETALING JAYA: Bank Negara has once again called for accelerated structural reforms in Malaysia, as economic activity remains well below pre-pandemic levels and the country’s jobless rate has yet to fully recover.
