KUALA LUMPUR: The government has revised several headline targets in its 11th Malaysia Plan (11MP) (2016-2020) as it sought to balance the objectives of fiscal consolidation with inclusive economic growth.
Among others, the new government has replaced its balanced budget target with a “flexible” 3% deficit by 2020, and expects public investments to contract at an average 0.6% through the five-year period from the 2.7% growth projected previously.
BEIJING (Nov 20): A major Asia-Pacific summit's failure to agree on a communique resulted from certain countries "excusing" protectionism, a top Chinese diplomat said, in a veiled criticism of Washington that further sours the tone of China-U.S. ties ahead of a G20 meet.
After months of bickering over a damaging trade war, the disputed South China Sea and U.S. support for Chinese-claimed Taiwan, the two nations' presidents took a step back from the edge with an ice-breaking telephone call early this month.
Black Friday is, for the most part, bad. People are awful, retailers pull all sorts of shenanigans to make it seem like you’re getting a better deal than you are, and a lot of people end up buying junk they don’t need to make the day feel like a “success”. But you know that. If […]