Malaysia's national debt totalling 346 billion USD
Malaysia's national debt including liabilities has reached 1.5 trillion RM (346 billion USD), equivalent to over 80% of the country's gross domestic product (GDP), according to Malaysian Prime Minister Anwar Ibrahim.
Malaysia's national debt totalling 346 billion USD (Photo: //www.nst.com.my/)
Kuala Lumpur (VNA) – Malaysia's national debt including liabilities has reached 1.5 trillion RM (346 billion USD), equivalent to over 80% of the country's gross domestic product (GDP), according to Malaysian Prime Minister Anwar Ibrahim.
Addressing at a dialogue session on budget on January 17 morning, Anwar said the figure suggests that Malaysia's budget deficit will widen further than the earlier estimate of 5.8% of the GDP for 2022.
The issue should be addressed urgently, he stressed.
Economic uncertainties are still not easing, he said, noting that the economy is still considered dim and this was also contributed by external factors including the Ukraine-Russia conflict as well as global recovery post-COVID-19.
The new 2023 Budget is expected to be tabled in the Parliament on February 24 on the basis of the draft law introduced by the previous government.
Previously, on October 7, 2022, former Finance Minister Zafrul Aziz proposed the 2023 Budget with a record total of 373.3 billion RM./.
Malaysian Prime Minister Datuk Seri Anwar Ibrahim said his two-day official visit to Indonesia at the invitation of President Joko Widodo has met its objectives.
Malaysia will remove its existing preconditions on employing foreign workers and allow demand-based employment in bid to boost its economy, said Minister of Home Affairs Saifuddin Nasution Ismail.
Indonesia and Malaysia have said that they could stop exporting palm oil to the European Union in response to a new EU law aimed at protecting forests by strictly regulating the sale of palm oil products.
Malaysia’s expected entry of 500,000 foreign workers this year will not affect job opportunities for locals, said Human Resources Minister V. Sivakumar on January 16.
Chinese Ambassador to Malaysia Ouyang Yujing has said the two countries have been enjoying strong economic ties, adding that the trade volume in 2022 reached a historical height of 203.6 billion USD, increasing 15.6% year-on-year.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Malaysia's national debt totalling 346 billion USD (Photo: //www.nst.com.my/) 
