Our chief globalist economist Joe Davis contends that tariffs are unlikely to have a material negative impact on the U.S. economy, since the U.S. relies far less on imports and exports.
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https://investornews.vanguard/how-might-tariffs-affect-the-u-s-and-chinese-economies-this-year/
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KUALA LUMPUR: The Ministry of Tourism, Arts and Culture (Motac) will introduce a new campaign to replace the Visit Malaysia 2020 (VM2020) campaign, which was cancelled following the Covid-19 situation.
Minister Datuk Seri Nancy Shukri said the long-term campaign would capitalise on the ‘Malaysia, Truly Asia’ brand while highlighting the country’s unique experiences.
“Motac is confident that this effort will strengthen the country’s competitiveness and sustainability in tourism while ensuring the industry is inclusive,“ she said in a statement today.
On March 18, Nancy announced the immediate cancellation of VM2020 to prevent the spread of Covid-19, in addition to the impact of the outbreak, which had affected the local and international tourism sector.
Following the Covid-19 outbreak, Nancy said tourism industry players such as hoteliers, travel agents as well as food and beverage businesses suffered an estimated losses of RM9 billion in the first quarter of the year.
As such she said, after discussing with the industry players on March 17, it was decided that a strategic action plan should be introduced.
“Motac has put in place an action plan to help revitalise the industry and ensure the well-being of Malaysians whose livelihoods depend on this industry.
“Among those present were representatives of the associations from the hotel and tourism industry, bus operators, traders, tour guides and taxi drivers. The meeting was organised by the Tourism Recovery Action Council (TRAC),“ she added.
Nancy said Motac would discuss with the Ministry of Finance and related agencies, in looking into details tabled by the tourism industry players especially on the forms of assistance that could be channeled to the industry. – Bernama
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https://www.thesundaily.my/local/motac-to-introduce-new-campaign-to-replace-vm2020-NX2176593
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KUALA LUMPUR: A four-year-old boy died after falling from his house on the 16th floor of Sri Perak Apartment, Sentul, here today.
Sentul district police chief ACP S.Shanmugamoorthy said the boy fell while playing by himself at the back balcony in the 2pm incident.
He said the boy might have climbed onto a chair and the washing machine before falling.
“Victim was an adopted son of the house owner and his body was taken to Kuala Lumpur Hospital for post mortem,” he told Bernama and added that police are still investigating the case.
Meanwhile, a neighbour, Mohamad Feroz Abdul Karnim, 39, told Bernama that the victim’s mother had knocked on his door asking for help.
“I ran down and saw the victim’s father crying over his son’s dead body,” he said.
According to Mohamad Feroz, during the incident, the couple were performing prayers, and he, himself, who was cooking and did not hear any noise. – Bernama
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https://www.thesundaily.my/local/boy-falls-to-his-death-from-sentul-apartment-DX2176225
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TOKYO: The Tokyo Olympics were postponed today into 2021, the first such delay in the Games’ 124-year modern history, as the coronavirus crisis wrecked the last international sporting showpiece still standing this year.
Though a huge blow to Japan, the decision was a relief to thousands of athletes fretting over how to train as the world headed into lockdown over the disease that has claimed more than 16,500 lives.
Pressure had been building on the International Olympic Committee (IOC) and its powerful president Thomas Bach, with some athletes and sporting bodies critical of the time taken to make an inevitable decision.
After a call with Bach, Japan’s Prime Minister Shinzo Abe said the July 24 – Aug 9 competition would be rescheduled for the summer of 2021 at the latest as proof of victory over the virus.
“We asked President Bach to consider postponement of about one year to make it possible for athletes to play in the best condition,“ Abe said.
“President Bach said he is in agreement 100%.”
The IOC confirmed that.
Athletes were disappointed but broadly endorsed the delay, given health risks and disruption to their training as gyms, stadia and swimming pools shut down around the world.
US skateboarder and gold medal hopeful Nyjah Huston was frustrated, though, especially given his sport was scheduled to make its debut at the Tokyo.
“When skating finally makes it in the Olympics then it gets postponed,“ the 25-year-old wrote on Instagram, after a delay had begun to look inevitable. “I was feelin (sic) ready too … now I’m going to have to be a year older for this!”
Despite their disappointment, not to mention the logistical headaches and financial losses coming, a poll showed about 70% of Japanese agreed with a delay.
Tokyo Governor Yuriko Koike told reporters the delayed Games would still be branded “Tokyo 2020”.
It was not yet clear whether the 57 percent of athletes who had already secured spots in Tokyo would need to qualify again for the re-arranged Olympics.
The torch relay was being cancelled. – Reuters
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https://www.thesundaily.my/sport/tokyo-games-delayed-to-2021-IB2175857
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After a difficult diagnosis, Priscilla changed her views on money. Here’s how she and her husband saved 38% of their income last year.
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https://investornews.vanguard/why-i-invest-a-difficult-diagnosis-changed-my-views-on-money/
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Joel and Maria ring in 2019 with Vanguard CEO Tim Buckley, who reflects on his first year at the helm.
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https://investornews.vanguard/a-conversation-with-vanguard-ceo-tim-buckley/
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The presence of bacteria that break down fibre in a mother’s gut is linked to a reduced risk of food allergies in her child’s first year of life
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https://www.newscientist.com/article/2238421-the-bacteria-in-a-mothers-gut-may-protect-babies-from-food-allergies/?utm_campaign=RSS%7CNSNS&utm_source=NSNS&utm_medium=RSS&utm_content=home
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JASIN: Soldiers on duty under the movement control order (MCO) helped solve a theft case within six hours after it occurred in Bemban, near here, yesterday.
Together with the police, the soldiers arrested a thief who had earlier stolen cash from donation boxes at a mosque and temple in Jasin and Selandar respectively.
The three soldiers who were on joint-duty with four policemen were manning a roadblock at Jalan Gapam, Bemban, when they spotted the suspect riding a motorcycle nearby.
On seeing the police and soldiers, the suspect jumped off his machine and began fleeing on foot.
The policemen and soldiers gave chase and on capturing him, the 21-year-old suspect put up a violent struggle to escape.
However, he was subdued and promptly arrested.
Jasin police chief DSP Mispani Hamdan said the chairman of the As-Salam mosque in Kampung Kesang Tua had lodged a report in the morning after finding several donation boxes at the premises broken and cash amounting to hundreds of ringgit missing.
He said soon after receiving the report, police examined footage retrieved from a close-circuit television camera (CCTV) which showed the suspect in the act.
Mispani said the suspect had also broken into a Chinese temple in Selandar and was caught on CCTV at the premises.
“Apart from his motorcycle, we recovered a lighter and an apparatus commonly used for consuming drugs from the suspect.
“He also tested positive for methamphetamine abuse. The success of this case was a result of the joint-cooperation between the police and military,“ he told theSun when contacted
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https://www.thesundaily.my/local/video-soldiers-nab-thief-who-stole-from-mosque-temple-donation-boxes-XC2172356
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European aviation giant Airbus said Monday it would cancel the planned dividend payment for 2019 and also abandon its earnings forecasts for the current year because of the economic uncertainty sparked by the coronavirus pandemic.
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https://techxplore.com/news/2020-03-airbus-cancels-dividend-due-coronavirus.html
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