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The United States and Somalia reached an agreement on Tuesday for Washington to cancel more than US$1 billion in debt owed by the troubled Horn of Africa nation. The announcement came a day after the parliament in Somalia, which is heavily dependent on international aid, approved a US$1.36 billion national budget for 2025. Somalia is […]
Under Budget 2024, the government targeted sectors that typically generate strong multiplier effects, such as infrastructure and SME development, says economist Benedict Weerasena. (Bernama pic) PETALING JAYA: With Budget 2025 set to be unveiled this week, the government is expected to continue its strategy of reshaping Malaysia’s future by investing in key areas that will […]