Page 13 - Development Unctad News Today

LETTER | High household debt: Should we be concerned? A - LETTER | Bank Negara Malaysia has reported that household debt to gross domestic product ratio has risen to a new peak of 93.3 percent as of December 2020, from the previous record high of 87.5 percent in June 2020.  According to BNM Report, household debt growth was mainly driven by car, housing and personal financing loans. Should we be concerned? Generally, a high level of household debt can be risky. A high level of debt increases t...

The new Gulf oil states The United States used to attach little importance to Africa, but now it is reviewing its oil sources strategy and sub-Saharan Africa, with its good quality reserves, could account for 25% of all US crude oil imports by 2015. by Jean-Christophe Servant  While the United States marshals its forces to attack Iraq, it is also engaged in an equally strategic battle several thousand kilometres away. This calm offensive, as the Nigerian daily The Vanguard  (1) call...

SHARE Dubai, the Middle Easts financial, transportation and trade hub, attracted Dh24.7 billion ($6.7bn) in foreign direct investment in 2020 through 455 projects, according to government data. The inbound FDI created an estimated 18,325 new jobs in the emirate last year, according to data from the Dubai FDI Monitor released by the Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy. It did not provide comparative figures for 2019. The 455 FDI projects implemented in Du...

Guan Eng asks if Ka Siong will reverse cabotage policy after Facebook, Google drops investment Syed Jaymal Zahiid © Provided by Malay Mail Former finance minister Lim Guan Eng (pic) claimed Transport Minister Datuk Seri Wee Ka Siong’s decision to reverse the cabotage exemption made by the then Pakatan Harapan administration forced the two tech giants to sideline the country. — Picture by Sayuti Zainudin KUALA LUMPUR, April 10 — DAP leader Lim Guan Eng has labelled his r...

Saturday, 10 Apr 2021 03:13 PM MYT BY SYED JAYMAL ZAHIID Former finance minister Lim Guan Eng (pic) claimed Transport Minister Datuk Seri Wee Ka Siong’s decision to reverse the cabotage exemption made by the then Pakatan Harapan administration forced the two tech giants to sideline the country. — Picture by Sayuti Zainudin Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 10 — DAP leader Lim Guan Eng has labelled his rival and Transport...

THE STANDARD Former UNCTAD Secretary-General Mukhisa Kituyi. [David Njaaga, Standard] A number of former leaders from Western and Nyanza regions, some who have been in the political cold for over a decade, are plotting a comeback in 2022 General Election. They are banking their hopes on the ongoing political realignments in the two regions and nationally. The politicians are angling to fill the seats to be left by governors who are serving their final terms. Such governors are Wycliffe Oparanya...

Synopsis Every government’s best answer to a debt trap has been privatisation. The private sector is hailed as a panacea for India’s cash problems. But the immediate monetisation of assets only momentarily satiates India’s welfare aspirations. In his last visit to India, Jeff Bezos famously announced that the 21st century belonged to India. While it could have been pure PR, there is much merit to Bezos’ claim. India’s bullish spree has inspired a positive business sentiment across the...

news India courts Africa with vaccine ‘friendship’, but is it sustainable? Aggrey Mutambo When an Indian Air flight touched down at the Jomo Kenyatta International Airport (JKIA) in Nairobi with 100,000 doses of a Covid-19 vaccine last Wednesday, New Delhi marked 70 such deliveries across the world. Nairobi was the 10 African capital to receive the delivery and, according to officials at the Indian External Affairs ministry, more African countries could receive the “gift�...

When an Indian Air flight touched down at the Jomo Kenyatta International Airport (JKIA) in Nairobi with 100,000 doses of a Covid-19 vaccine last Wednesday, New Delhi marked 70 such deliveries across the world. Nairobi was the 10 African capital to receive the delivery and, according to officials at the Indian External Affairs ministry, more African countries could receive the “gift” of vaccines before end of this month. Dr Virander Paul,...

Omni Capital Partners Sdn Bhd managing director Scott Lim (pic) explained that the structural weakness in the economy stemmed from the ongoing brain drain in the country coupled with lower foreign direct investment (FDI) inflows compared to neighbouring countries as well as lower investment outflows. KUALA LUMPUR: Despite the optimism of the ringgit strengthening against the US dollar this year, the local currency is likely to stay weak against its Asean peers in the medium-term dragged down by...