
Govt succeeds in reducing new debt
This thus fulfils the commitment of more prudent fiscal management, and only the interest payments on old debts have not yet been reduced, he said.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New Straits Times
10 minutes ago
- New Straits Times
Asean foreign ministers urge immediate ceasefire in Thailand-Cambodia clash
KUALA LUMPUR: Asean foreign ministers have urged both Thailand and Cambodia to pursue a ceasefire and return to the negotiating table amid escalating tensions along their shared border. In a statement issued yesterday, the ministers urged both sides to exercise maximum restraint and refrain from taking any actions that may undermine a ceasefire. The ministers voiced grave concern over the escalating conflict, which has led to mounting casualties on both sides, damage to public property, and the large-scale displacement of communities along the border. The bloc said that disputes must be settled by peaceful means, based on the principles of the Charter of the United Nations, as well as the Treaty of Amity and Cooperation in Southeast Asia (TAC) and the Asean Charter. "We remain supportive of the efforts of the Asean Chair in facilitating both sides to resume dialogue and end the fighting," the statement concluded. Yesterday, Prime Minister Datuk Seri Anwar Ibrahim said he will meet the leaders of Cambodia and Thailand in Putrajaya today to discuss a ceasefire over their ongoing conflict. He said the talks will be held at his official residence in the Seri Perdana Complex at 3pm. Both the Prime Ministers of Thailand and Cambodia have previously agreed in principal to mediation and personally contacted Anwar to express their appreciation for Malaysia's initiative. However, violence continues along the border. The Southeast Asian neighbours have been locked in their bloodiest conflict in years over this dispute, with at least 34 people confirmed dead and more than 200,000 displaced.


Malaysiakini
29 minutes ago
- Malaysiakini
The RM2.5b giveaway that Malaysia can't afford
COMMENT | When Prime Minister Anwar Ibrahim delivered his 'Penghargaan Untuk Rakyat' speech on 23 July 2025, he painted a confident picture of Malaysia's economic trajectory. Growth stood at 4.4 percent for the first quarter of 2025, with expectations of 4.5 percent in the second. The ringgit had strengthened against the US dollar, climbing to RM4.23/US$. Malaysia rose by 11 spots to 23rd place in the World Competitiveness Index, and total approved investments reached a record RM384 billion last year. However, beyond the headline figures lies a more complex and fragile reality. Analysts have pointed out that Q1 growth underperformed market expectations. Exports remain uneven. Domestic consumption is cooling, and Bank Negara's recent rate cut reflects the underlying weakness that persists despite upbeat official messaging. If this is truly a period of recovery, it should have been...


The Sun
40 minutes ago
- The Sun
Police investigate four reports from Dataran Merdeka rally
KUALA LUMPUR: Police have confirmed receiving four reports linked to the rally held at Dataran Merdeka on Saturday. One case involves an effigy resembling Prime Minister Datuk Seri Anwar Ibrahim being caned near the National Mosque, while the other three pertain to drone usage. Acting Kuala Lumpur police chief Datuk Mohamed Usuf Jan Mohamad stated that the effigy incident is being investigated under multiple laws, including the Sedition Act 1948, the Penal Code, and the Communications and Multimedia Act 1998. 'The case has been referred to the Classified Crime Investigation Unit in Bukit Aman,' he said during a press conference. The remaining reports concerning drone operations have been forwarded to the Civil Aviation Authority of Malaysia (CAAM). Mohamed Usuf noted that while the rally proceeded peacefully and with proper approval, authorities will still scrutinise any misconduct by participants. - Bernama