Thursday, February 29, 2024
Victoria Nuland Shreds the Ukraine Narrative
C919's Demo Flights in 5 ASEAN Countries
Wednesday, February 28, 2024
The Case of Two Lions Named Akbar and Sita
Malaysia is a Top Global Destination for CNY
Tuesday, February 27, 2024
Malaysia's Debt Burden is Also Alarming
Malaysia's debt burden is also alarming.
In fact, it is projected to be around 64% of GDP as at end-2024 – only one percent away from the 65% statutory debt limit, according to the Ministry of Finance in their Fiscal Outlook and Federal Government Revenue Estimates Report as reported by The Edge Malaysia.
At 64% of GDP, the federal government debt is estimated to be RM1.263 trillion, higher than RM1.147 trillion (62%) in 2023 and RM1.079 trillion (60.3%) in 2022.
The report said the increase in the federal government debt is for the financing of strategic development projects under the 12th Malaysia Plan, among others, the flood mitigation programme, the Central Spine Road (CSR), the Pan Borneo Sabah and Sarawak highways, the Rapid Transit System Link (RTS Link) project between Johor Bahru and Singapore as well as the National Fiberisation and Connectivity Plan (Jendela).
The Agong declared that he will vet government’s expenditures to ensure that every proposed spending is really necessary. And he expressed his wish that during his rule, the government will achieve a fiscal surplus every year.
We don't need to be an economist to know that the government should prioritise productive investments to ensure sustainable fiscal management and reduce public debt while carefully avoiding wasteful spending.
No matter how much we deny, rising levels of government debt are, after all, a symptom of an ailing economy.
Mounting Debts
Monday, February 26, 2024
In Two Years, Only 31,000 Ukrainian Soldiers Killed in Battle
Liverpool’s First Trophy of the 2023-2024 Campaign
Sunday, February 25, 2024
Funny Animal Cartoons
Some time back, on October 19, 2021, I had featured cartoons about anxious animals. Today, I am sharing funny animal cartoons:
Bloomberg Makes 2024 a Visit Malaysia Year
On Wednesday, the global financial news and information source urged travelers to visit Malaysia, saying 'your dream Malaysia vacation just got cheaper", thanks to a weak ringgit, which is boosting tourists' spending power.
Singaporeans, of course, are “already piling across the border, keen to make the most of their dollar's unprecedented strength against the ringgit”.
But for Malaysians, these are very troubling times!
Anwar Ibrahim's government appear to be failing big time and seemingly unable to disentangle the country from this messed-up quagmire! Expect bleak times ahead!
On the second anniversary of Russia's special military operation in Ukraine, [V]olodymyr [Z]elensky is still insisting his country will win! ROTFL!
I tend to believe that [Z]elensky is, oftentimes, high on drugs. It helps explain why he is almost always seriously hallucinating!
Saturday, February 24, 2024
The Fifteenth Day of the First Lunar Month
Malaysians tend to call this day as Chap Goh Meh (which is Penang Hokkien for what might be best translated as "the ending on the 15th").
In olden times, Chinese women were allowed to venture out only on the last day of the new year celebrations. For the guys, it is the chance for them to catch a glimpse of these maidens. This explains why Chap Goh Meh is regarded as the Chinese Valentine’s Day.
The Chinese Lantern Festival 2024 or Chap Goh Meh is today, in case you don't know.
And give a listen to a classic Chinese poem on the Lantern Festival read by CGTN's digital avatar:




















































