KUALA LUMPUR: The Sultan of Pahang Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah has advised the people not to politicise the issue of delays in flood aid, especially those that occurred in the early days of the disaster. His Majesty said that the sudden flooding situation made the process of coordinating aid difficult. His Majesty said the delay was not intentional and all parties had made every effort to help the affected victims. “There was a delay, not intentionally. I hope we don’t politicize the delay that day, because there were a lot of problems. Sometimes, they are surprised when the […]

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By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) -Japan’s deepening political uncertainty risks prolonging policy paralysis that could affect the drafting of next year’s budget and the timing of the central bank’s next interest rate hike, analysts say, clouding the outlook for the fragile economy. Prime Minister Shigeru Ishiba is facing increased calls from within his ruling Liberal Democratic Party (LDP) to step down and take responsibility for the party’s huge defeat in an upper house election in July and a lower house poll last year. While Ishiba has denied he has any plans to resign, his fading support has triggered inevitable questions about his political future and analysts say a leadership change would likely have implications for the outlook for fiscal and monetary policy. In a meeting on Friday, lawmakers decided to consider holding a rare leadership race even with the party head Ishiba still presiding. Under LDP rules, such a race would take place if the majority of the party’s lawmakers and regional heads agreed to hold one. But it is uncertain how long it would take for the party to decide, according to lawmakers and government officials familiar with the procedure told Reuters. That contest could happen in September at the earliest, they say, which would allow the new administration to compile a spending package to cushion the economic blow from U.S. tariffs. But if the race does not take place in September, it may have to wait until early next year to avoid disrupting the government’s drafting of next fiscal year’s budget, they say. "We would not be surprised if the LDP calls for a leadership election in September," UBS analysts said in a research note. "It seems that uncertainties regarding politics are unlikely to resolve soon." In Japan, the Ministry of Finance collects spending requests from ministries in August and finalises the government’s draft budget in late December. The budget must pass parliament in time to take effect from the April start of a new fiscal year. Failure to pass the budget through parliament would force the government to compile a stop-gap budget, which could hurt the economy by causing delays in expenditure. Some ruling party lawmakers say there is no choice but for Ishiba to step down to resolve the deadlock. Having lost control in both houses of parliament, the LDP-led ruling coalition needs opposition party support to pass legislation and budget through parliament. Opposition parties have ruled out forming a coalition unless Ishiba steps down. "Japan needs a stable coalition government. Otherwise, it’s impossible to pursue consistent policies," LDP heavyweight Ken Saito told Reuters last week. "It’s best for the LDP to seek a coalition partner under a new leader." COMPLICATION FOR BOJ Ishiba’s weak political standing and prolonged political uncertainty also complicate the Bank of Japan’s decision on how soon to resume interest rate hikes. While few analysts expect the BOJ to hike rates at its next policy meeting in September, some see a good chance of action in October, December or January next year when more data becomes available on the impact of U.S. tariffs on the economy. Known as a fiscal hawk, Ishiba has endorsed the central bank’s efforts to gradually wean the economy off a decade-long, massive stimulus as inflation remains above its 2% target for well over three years. But his bitter election defeat has made his administration vulnerable to calls for big spending and loose monetary policy. Many opposition parties have urged the BOJ to hold off, or go slow, in raising rates and focus on supporting the economy. If the LDP were to hold a leadership race, the event could put the spotlight on the views of candidates like Sanae Takaichi, a reflationist-minded lawmaker who in the past blasted the idea of interest rate hikes as "stupid." All this could discourage the BOJ from raising rates in coming months to avoid drawing unwanted political attention. "All we can say is that we would continue to take appropriate policies to sustainably and stably achieve our 2% inflation target," Governor Kazuo Ueda told a news briefing earlier this month, when asked how the BOJ would respond if political changes lead to fresh demands on monetary policy. "It’s impossible to predict how politics will unfold, which means for the BOJ it’s best to take a wait-and-see stance," said a source familiar with the bank’s thinking. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

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Explore how MTG clashes with Trump on key issues, showcasing her evolving role in the Republican Party and political independence.

Book cover: America’s Empire of Evil by Eric Zuesse

Landless People’s Movement (LPM) leader Bernardus Swartbooi has expressed concern about the possibility of there being no official opposition leader in parliament. Speaking at the opening of his party’s national convention on Saturday, Swartbooi remarked that the next five years would be challenging if the title is not assigned in the National Assembly. “If a leader of the official opposition is not assigned by the party that has the responsibility, it would be a very interesting time,” he said in his opening statement. Swartbooi was responding to Independent Patriots for Change leader Panduleni Itula, who on Thursday said his party would not accept the position of leader of the official opposition in the National Assembly. Itula, whose party holds 20 seats in parliament, second only to ruling Swapo, stated that the office is not provided for in the Namibian Constitution. Swartbooi appeared to disagree with Itula’s assessment. “Because whether or not you agree with some provisions or not, you’ve got to play the politics as you see it, and not as you imagine it. “And some of our colleagues do not have, perhaps, the willingness to interpret and see politics as it is, and work for politics along the process as it ought to be.” Addressing nearly 50 national leaders of the LPM, Swartbooi challenged opposition political parties to collaborate for the common good of the citizens. “We may have a period of five years without any leader of the official opposition and it is our hope and our call that opposition political parties remain united. I hope that we can forcefully articulate the interests of our people for the next five years,” he said. He further called on opposition parties to collaborate in the upcoming regional council and local authority elections later this year. “The challenge is, will the opposition be the small boys and small girls that will be driven by our egos and by our titles? Or will it be the big boys and the big girls that will say, let’s work together, and perhaps in the next election field one candidate for presidency, or maybe two at best, but move far, far away from further fragmentation,” Swartbooi said. – Nampa The post Swartbooi concerned over leaderless opposition in parliament appeared first on The Namibian.

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Kshama Sawant Says India Denying Her Visa To Visit Ill Mother.