Economy to grow 4.5% this year: UBS

Economy to grow 4.5% this year: UBS


Economy to grow 4.5% this year: UBS

Posted: 05 Jul 2011 01:38 AM PDT

UBS Investment Bank expects the Malaysian economy to grow by 4.5 per cent this year and 5.0 per cent in 2012. Managing director and deputy head of global economics, UBS Investment Research, Paul Donovan said the forecast numbers are in line with the global political and economic situation.

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Budget 2012 to see significant changes in corporate tax

Posted: 05 Jul 2011 01:38 AM PDT

Budget 2012, to be tabled in parliament on Oct 7, may see significant changes in corporate tax, says Minister in the Prime Minister's Department Datuk Seri Idris Jala.

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Shaky high-rise S. Korea shopping mall evacuated

Posted: 05 Jul 2011 12:40 AM PDT

Hundreds of people fled a high-rise shopping mall in the South Korean capital Seoul Tuesday as it began shaking for unknown reasons, a local government spokesman said.

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Philippine policeman kills witness in his care

Posted: 05 Jul 2011 12:37 AM PDT

A Philippine policeman assigned to protect witnesses in a kidnapping trial went on a shooting spree, killing a colleague and one of the people in his care on Tuesday, their commander said.

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Mental health fears mount over Australia cattle ban

Posted: 05 Jul 2011 12:36 AM PDT

Fears mounted Tuesday over the mental health of farmers hit hard by Australia's ban on live cattle exports to Indonesia as one stockman prepared to shoot 3,000 cows he cannot afford to keep.

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Japan radiation refugees to get more compensation

Posted: 04 Jul 2011 11:57 PM PDT

Japanese families who had to flee their homes because of the Fukushima nuclear disaster will receive additional compensation of up to $3,700 per person, the embattled utility said Tuesday.

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UN chief welcomes orderly election in Thailand

Posted: 04 Jul 2011 11:30 PM PDT

UNITED NATIONS, July 5 (Bernama) -- UN Secretary-General Ban Ki-moon Monday welcomed the orderly conduct of the parliamentary election in Thailand in which the opposition party declared victory, Xinhua news agency reported.

In a statement issued Monday night by his spokesperson, Ban welcomed "the orderly conduct of the parliamentary elections in Thailand and the promise by all parties to respect the will of the Thai people as expressed through the democratic process."

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King's view on rally timely and welcome: Malaysian Bar

Posted: 04 Jul 2011 11:29 PM PDT

Yang di-Pertuan Agong Tuanku Mizan Zainal Abidin's statement that street demonstrations bring more bad than good to the country, was timely and most welcomed, the Malaysian Bar said.

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Japan reconstruction minister quits in fresh blow to PM

Posted: 04 Jul 2011 11:17 PM PDT

TOKYO (Reuters) - Beleaguered Japanese Prime Minister Naoto Kan took another blow on Tuesday when his reconstruction minister resigned after barely a week in the job over criticism for remarks that offended victims of the March earthquake and tsunami.



Chavez back in Venezuela for independence bash

Posted: 04 Jul 2011 11:17 PM PDT

CARACAS (Reuters) - Venezuela marks the 200th anniversary of its independence on Tuesday with President Hugo Chavez back in his palace after a triumphant return from Cuba, where cancer surgery created lingering fears about his health.



Mexico arrests Zeta cartel chief

Posted: 04 Jul 2011 11:07 PM PDT

Mexican police this week captured a top leader and founder of the feared Zetas drug cartel wanted in connection with the murder of a US federal agent, authorities said.

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Populist politics

Posted: 04 Jul 2011 10:57 PM PDT

People-friendly policies or populist politics could increase a politician's popularity but the cost would eventually be bore by the country and the people. Meanwhile, voters would ask for more and more and blindly pleasing them might overload the country. The society would then fall into a turmoil due to financial problems.

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CORRECTED - Japan reconstruction minister quits in fresh blow to PM

Posted: 04 Jul 2011 10:46 PM PDT

By Shinichi Saoshiro



Japan cabinet OKs second disaster recovery budget

Posted: 04 Jul 2011 10:33 PM PDT

Japan's cabinet on Tuesday approved a two trillion yen ($24 billion) second special budget to finance relief and rebuilding after the March 11 earthquake and tsunami.

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Thaksin's party in power talks after Thai vote win

Posted: 04 Jul 2011 10:32 PM PDT

Fresh from victory in Thailand's election, the party of fugitive former premier Thaksin Shinawatra met Tuesday to discuss the shape of the next government in the face of high expectations among voters.

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French woman to sue Strauss-Kahn for attempted rape

Posted: 04 Jul 2011 10:31 PM PDT

A French writer is set to launch legal action for attempted rape against former IMF head Dominique Strauss-Kahn, just days after he was released from house arrest in New York on sexual assault charges.

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Japan minister quits over gaffe in fresh blow to PM

Posted: 04 Jul 2011 10:31 PM PDT

Japan's embattled Premier Naoto Kan took another blow Tuesday as his disaster reconstruction minister quit, having caused a furor with scathing remarks to leaders of tsunami-hit regions.

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Malaysian PM to meet pope, eyes ties with Vatican

Posted: 04 Jul 2011 10:30 PM PDT

Prime Minister Najib Razak is due to meet Pope Benedict XVI mid-July as Malaysia embarks on a plan to establish diplomatic relations with the Vatican, a top official said Tuesday.

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Philippine inflation hits 26-month high

Posted: 04 Jul 2011 10:29 PM PDT

Philippine inflation hit a 26-month high of 4.6 percent in June, the government said Tuesday, a month after the central bank said pressure on price increases were easing.

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Man arrested in Shanghai supermarket bombing

Posted: 04 Jul 2011 10:28 PM PDT

Police in China said Tuesday they had detained a man accused of detonating a remote-controlled bomb in a Shanghai supermarket, destroying several lockers but causing no injuries.

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