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                                        <title>Finances | MalaysiaNow</title>
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                                        <description>News, views and insights into Malaysian current affairs.</description>
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                                <title><![CDATA[ Indonesia must be prudent with military spending, president says ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/10/05/indonesia-must-be-prudent-with-military-spending-president-says</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Thu, 05 Oct 2023 02:31:00 GMT</pubDate>
                                <description><![CDATA[ The archipelago nation of 270 million people, Southeast Asia's biggest economy, is seeking to modernise its military but has lagged its regional peers in recent years. ]]></description>
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                                <title><![CDATA[ In Middle East, poor miss out as 'faulty' algorithms target aid ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/10/05/in-middle-east-poor-miss-out-as-faulty-algorithms-target-aid</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Thu, 05 Oct 2023 01:00:00 GMT</pubDate>
                                <description><![CDATA[ Lebanon is one of nine Arab nations using an algorithm-powered poverty assessment formula funded by the World Bank that ranks welfare applicants according to dozens of different data points. ]]></description>
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                                <title><![CDATA[ Pandemic, inflation push 68 million more in Asia into extreme poverty ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/08/24/pandemic-inflation-push-68-million-more-in-asia-into-extreme-poverty</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Thu, 24 Aug 2023 01:30:00 GMT</pubDate>
                                <description><![CDATA[ Price increases affected everyone but poorer people were hit the hardest because they had to spend more on food and fuel, making it difficult to save money and pay for essentials including health care and education. ]]></description>
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                                <title><![CDATA[ Lebanon's caretaker PM says economic stability at stake with stalled laws ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/08/18/lebanons-caretaker-pm-says-economic-stability-at-stake-with-stalled-laws</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Fri, 18 Aug 2023 00:30:00 GMT</pubDate>
                                <description><![CDATA[ A financial meltdown that started in 2019 has weakened the currency by more than 90%, paralysed the financial system and frozen depositors out of their savings. ]]></description>
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                                <title><![CDATA[ Singapore tech giant Grab to lay off over 1,000 employees ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/06/21/singapore-tech-giant-grab-to-lay-off-over-1000-employees</link>
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                                <dc:creator><![CDATA[ AFP ]]></dc:creator>
                                <pubDate>Wed, 21 Jun 2023 01:15:00 GMT</pubDate>
                                <description><![CDATA[ The company has been narrowing its losses and aims to break even by the end of this year. ]]></description>
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                                <title><![CDATA[ Russia may revisit limits of budget rule to enable higher spending ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/06/16/russia-may-revisit-limits-of-budget-rule-to-enable-higher-spending</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Fri, 16 Jun 2023 09:45:00 GMT</pubDate>
                                <description><![CDATA[ Faced with a budget hole of US$42 billion so far this year, Russian officials acknowledged the need for more efficient budget spending, but clashed over the prudence of further increases in the tax burden. ]]></description>
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                                <title><![CDATA[ US House votes to avert default, setting up Senate showdown ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/06/01/us-house-votes-to-avert-default-setting-up-senate-showdown</link>
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                                <dc:creator><![CDATA[ AFP ]]></dc:creator>
                                <pubDate>Thu, 01 Jun 2023 02:54:00 GMT</pubDate>
                                <description><![CDATA[ Hammered out between Democratic President Joe Biden and the Republicans in the House of Representatives, the measure suspends the debt ceiling through 2024, slightly cutting government spending next year. ]]></description>
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                                <title><![CDATA[ What is the US debt ceiling? ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/05/30/what-is-the-us-debt-ceiling</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Tue, 30 May 2023 00:15:00 GMT</pubDate>
                                <description><![CDATA[ Some analysts have proposed that the Treasury can bypass the crisis by minting a multitrillion-dollar platinum coin and putting it in the government's account, an idea widely seen as an outlandish gimmick. ]]></description>
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                                <title><![CDATA[ Slimmed-down US debt ceiling deal takes shape, sources say ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/05/26/slimmed-down-us-debt-ceiling-deal-takes-shape-sources-say</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Fri, 26 May 2023 01:15:00 GMT</pubDate>
                                <description><![CDATA[ In 2022, US discretionary spending reached US$1.7 trillion, accounting for 27% of the overall US$6.27 trillion spent, according to federal figures. ]]></description>
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                                <title><![CDATA[ Lebanon set to be grey-listed by financial crime watchdog, sources say ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/05/23/lebanon-set-to-be-grey-listed-by-financial-crime-watchdog-sources-say</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Tue, 23 May 2023 07:30:00 GMT</pubDate>
                                <description><![CDATA[ The local pound has lost more than 98% of its value and diplomats have been expressing concern for months that the increasingly cash-based economy could hide growing illicit flows of money. ]]></description>
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