The Malaysian government is making efficient strides in economic management as it effectively reduces its debts and continues to witness a decline in its fiscal deficit, as affirmed by the Prime Minister. The Prime Minister underscored in the Dewan Negara, the nation’s upper house of Parliament, that resources are being allocated based on necessity rather than ethnic backgrounds. Amidst these developments, Malaysia also didn’t hesitate to express its criticisms on the intended annexation of Gaza by Israel, characterizing it as ‘contemporary colonialism.’
In an assertion of his stance, politician Rafizi announced his readiness to defend his comments legally after receiving a judicial notice from Farhash. Meanwhile, members of the PAC, after conducting an inspection, noted irregularities in Kuala Lumpur land deals. In a grim incident, four individuals were indicted for the fatal crime against a police corporal in Alor Setar. The police are reporting an increase in activity by foreign agents in our country.
An earthquake of magnitude 4.1 triggering immense fear amongst locals was recently experienced in Segamat. The Parliamentary Select Committees are on the verge of presenting their investigative conclusions to the Parliament in the forthcoming two sittings. A humorous encounter occurred in Dewan Rakyat, when Azalina was questioned about her outfit by an MP, leading to an eruption of laughter.
In another case, a domestic woman won an appeal to restore her legal action against the government following a restriction imposed on her from exiting the nation. Moving to law enforcement efforts, a significant blow was dealt to the drug trade with a drug syndicate being disassembled in the capital, Kuala Lumpur, and drugs worth RM974,000 being seized from vehicles. The government is near finalizing the RON95 subsidy conditions and the distribution system, while the Ringgit displayed strength against the US dollar, anticipating a potential US interest rate cut in September.
On the other side of the Causeway, Singapore’s Deputy Prime Minister Gan is advising preparedness for volatility and shifts in the global economic environment. Additionally, Singapore achieved high rankings for ease of doing business in the Asia Pacific region, positioned 6th, trailing behind Vietnam and Thailand. Meanwhile, Sweden’s arms deal with Thailand is finalized, with the acquisition of four Saab-Gripen fighter jets marking a significant addition to the Thai air force.
Despite tariff concerns slowing growth, Thai exports managed to surpass forecasts for July. The expectation for a swift end to the Cambodia negotiations was challenged by Phumtham. Plans to introduce a new border fee in Thailand were put aside in response to declining tourist numbers. Analysts are encouraging Thailand to stimulate investment and exports while reforming its economy to keep pace with Vietnam.
Turning our attention to the Philippines, amidst unfavorable weather conditions, a halt to government operations and school activities was announced for Tuesday, August 26. The country has also expressed extreme concern about the deepening crisis in Gaza, making a strong plea to Israel for a ceasefire, terming the situation as a ‘humanitarian catastrophe.’
Over in Vietnam, Typhoon Kajiki is causing significant disruption, resulting in the knocking down of trees and residential flooding. Flight operations faced a significant impact as well, forcing the closure of two airports in Vietnam, and leading to the cancellation of hundreds of flights, including at least 35. Over 130kph winds have led to the evacuation of tens of thousands as Vietnam braces against Typhoon Kajiki’s landfall.
The Rohingya refugee community in Bangladesh marked the unfortunate eighth anniversary of their exodus, demanding safe repatriation to Myanmar. Amid all this, a significant event reported by the Myanmar junta was the bombing and destruction of a historical railway bridge. As a result of Typhoon Kajiki in Vietnam, Myanmar might experience heavy downpours along with strong winds during August 26–29.
In an attempt to prevent cross-border crimes, Cambodia and Thailand have reached an agreement on initiating a crackdown. This, along with demining and de-escalation, are among the measures set to be implemented. Moving to Laos, the country has reduced its interest rate by 0.5% in a bid to support the economy that’s been feeling the strain.
A traditional boat racing festival in Laos is proving a bright spot amid the economic woes, with the tranquil waters resonating with the harmonious rhythm of the oars. As Typhoon Kajiki leaves a trail of destruction, Laos goes on high alert for possible impact. In a gesture of regional diplomacy, the Sultan of Brunei arrived in Malaysia for a state visit and was warmly received by the Iban community.
The post Malaysian government makes progress in reducing debt, challenges Israel’s Gaza annexation appeared first on Real News Now.
About Author
