Asia
In advancing subsidy reform under a new “excluding foreigners” narrative, Budget 2026 unwittingly entrenches subsidies as “a right and privilege for Malaysians”. Such language closes space for subsidy rationalisation and reform.And a rationalisation of tax incentives requiring high-growth, high-value employment outcomes from foreign investors appears to have been delayed, suggesting these too are proving sticky.PUTRAJAYA’S GRIP ON BUDGETING Budget 2026 will be remembered not for big spending initiatives but for the absence of boldness. The combination of federal government dominance of total revenue collection in Malaysia and its inability to increase and diversify revenue is on full display in its modest…
Rahman echoed this view and said Indonesia was likely to face critical issues in integrating…
DILI: Timor-Leste’s parliament on Wednesday (Sep 17) said it would scrap lifetime pensions for MPs,…
MANILA: The speaker of the Philippine House of Representatives tendered his resignation on Wednesday (Sep…
AUTO TARIFFSSeoul is also pushing for reductions in US auto tariffs, similar to those secured…
JAKARTA: A planned rally in Indonesia on Wednesday (Sep 17) touted to involve up to…
BANGKOK: Thai police fired tear gas and rubber bullets at Cambodian civilians in a disputed…
JAKARTA: Indonesia’s latest stimulus package worth nearly US$1 billion not only aims to fuel economic…
HONG KONG: Hong Kong’s leader outlined plans on Wednesday (Sep 17) to diversify the city’s…
DHAKA: Bangladesh is facing mounting health risks and economic costs from surging temperatures, with extreme…
China’s internet regulator has ordered top technology firms to halt purchases of Nvidia artificial intelligence…
SEOUL: The leader of the Unification Church, Han Hak-ja, appeared for questioning by prosecutors on…
In contrast, she said, certain districts in Shanghai have bucked the trend. “Since 2022 … the…
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