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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 the sensitivity of households to any shock to their incomes.  Also, during periods of financial stre...

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) calls it, targets oil reserves south of the Sahara and is designed “partly to avoid antagonising its M...

SHARE Dubai, the Middle East's 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 Dubai in 2020 exceeded the annual average of 441 over the past five years, according to the data. "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 rival and Transport Minister Datuk Seri Wee Ka Siong a “failed minister” as he blamed the MCA pre...

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 Minister Datuk Seri Wee Ka Siong a “failed minister” as he blamed the MCA president for Faceboo...