Malaysia announces tighter 2023 budget as it warns of slowing growth

13 Sept 05:50 Key points summarised by AI

Malaysia unveiled a smaller 2023 budget (372.3 billion ringgit), prioritizing fiscal discipline and consolidation over populist measures amidst global economic uncertainties.
The government forecasts slower economic growth for 2023 (4%-5%), down from a revised 6.5%-7% in 2022, citing global risks like geopolitical tensions, rising inflation, and supply chain disruptions.
To ensure fiscal sustainability, the administration plans to review public expenditure and implement targeted subsidies, aiming to narrow the fiscal deficit to 5.5% of GDP.

Lamphun in a New Light

Today 15:02 Key points summarised by AI

Lamphun illuminates its ancient city with two concurrent light festivals: the high-tech VIJIT Thailand @ LAMPHUN and the traditional Hundred Thousand Lantern Festival.
VIJIT Thailand @ LAMPHUN transforms historic landmarks into an outdoor gallery, using projections and multimedia to animate Lamphun's history, including Queen Chamadevi's story.
The Hundred Thousand Lantern Festival, part of Yi Peng, fills temples and streets with countless traditional lanterns, symbolizing Buddhist devotion and personal wishes.
These festivals offer a unique after-dark experience, blending contemporary light art with centuries-old Lanna traditions, connecting visitors to Lamphun's past and faith.