INDONESIA
1.‘FAT’ CABINET NEEDS TIGHT MONITORING -- THE JAKARTA POST
Newly installed President Prabowo Subianto has been urged to strictly monitor the performance of his Red and White Cabinet, which consists of more than 100 officials, and tighten the government fiscal discipline to ensure the effectiveness of the cabinet, characterized by many as “bloated”.
2.OJK STRENGTHENS ISLAMIC BANKING TO SUPPORT ECONOMIC GROWTH
The Financial Services Authority (OJK) has reinforced its commitment to growing Indonesia’s Islamic banking sector, recognizing its potential to drive economic growth, particularly in regional areas.
SINGAPORE
1.MALAYSIA EYES MORE TAX REVENUE FROM SUBSIDY CUTS FOR ‘ULTRA RICH’, BUT WHO EXACTLY ARE THEY? -- THE STRAITS TIMES
Malaysia wants to raise its tax revenue in 2025 by cutting subsidies for the wealthiest but is now faced with the question of who exactly qualifies as its top 15 per cent (T15) of earners, or the so-called “mahakaya” (ultra rich) who will bear the biggest burden from the impending cuts for petrol and education subsidies.
2.8 YEARS AGO, SINGAPORE DECLARED WAR ON DIABETES. IS IT WINNING? -- CNA
Since Singapore launched its war against diabetes in 2016, the results have been just slightly encouraging.
CAMBODIA
1.JOB FAIR TO PROMOTE EMPLOYMENT FOR CAMBODIANS - - FRESH NEWS
The Ministry of Labor and Vocational Training is organising the "National Career and Productivity Fair 2024" from 26 to 27 October, where 150 companies, organisations, ministries, institutions and educational entities, will participate. More than 30,000 job opportunities will be available in different sectors.
2. PLANS TO BOOST CASHEW PRODUCTION - - AGENCE KAMPUCHEA PRESSE
The Ministry of Agriculture, Forestry, and Fisheries has launched a comprehensive map on cashew growing areas nationwide to boost cashew cultivation and promote sustainable agriculture practices Cambodia has 580,000 hectares of cashew plantations across the country.
MYANMAR
1.OVER 600 JOBS CREATED FOR LOCAL WORKERS - - THE GLOBAL NEW LIGHT OF MYANMAR
The Yangon Region Investment Committee approved one domestic-funded project and another joint venture with estimated capital of RM1.8 million and RM4.74 million, respectively. The hotel sector and manufacturing sector in cutting-making and packing will create 622 jobs.
2.TRADERS TOLD NOT TO HIKE UP GOLD PRICES - - THE GLOBAL NEW LIGHT OF MYANMAR
Yangon Gold Entrepreneurs Association urges gold dealers not to raise prices based on false information. Gold prices have increased after certain groups spread lies on social media that the Chinese borders have been closed to manipulate the market.
VIETNAM
1.VIETNAMESE ONLINE MONTHLY PURCHASES HIT RM4.3 BILLION - - VIETNAMPLUS
Vietnamese consumers spend an average of RM4.3 billion monthly on online shopping. Market analysis agency Metric said Vietnamese spent about RM38 billion on Shopee, TikTok Shop, Lazada, Tiki and Sendo in the first nine months of this year.
2. VIETNAM SOLDIERS ON ALERT AMID TYPHOON TRAMI - - VIETNAM NEWS
Vietnam mobilised 285,480 soldiers and 12,503 military vehicles as Typhoon Trami is approaching the country. About 67,000 vessels and 307,000 people are exposed to the tropical typhoon that is expected to arrive in the next 24 hours with heavy rain and tornadoes.
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