Fall

Finance minister says Putrajaya will adjust spending if oil prices fall further | Malaysia

Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said the federal government has incorporated lower global oil price into its expected deficit this year. — Picture by Firdaus Latif
Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said the federal government has incorporated lower global oil price into its expected deficit this year. — Picture by Firdaus Latif

KUALA LUMPUR, April 21 — The federal government has incorporated lower global oil price into its expected deficit this year but will “reprioritise” its planned spending if the commodity declines further in value, said Datuk Seri Tengku Zafrul Tengku Abdul Aziz.

Oil price fell sharply on the international market after Saudi Arabia and Russia triggered a price war that came just ahead of the world-stopping coronavirus disease (Covid-19) pandemic.

The finance minister acknowledged the matter in his statement today, but sought to assure Malaysians that the government was prepared to adapt.

“The general preoccupation with oil is understandable, given that it is closely linked to global geopolitical influences. However, what is more important is to recognise how Malaysia has a

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Entrepreneurs, it turns out, do not just move fast and break things, as Facebook’s longtime credo put it. They are also more likely than others to cross the line.

According to research by the economists Ross Levine and Yona Rubinstein, people who become entrepreneurs are not only apt to have had high self-esteem while growing up (and to have been white, male and financially secure). They are also more likely than others to have been intelligent

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