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Maldives establishes Tourism Trust Fund to enhance sector development and sustainability
Malta to host 2027 Commonwealth Youth Games
Malta has been selected to host the eighth Commonwealth Youth Games in late 2027, marking a significant milestone in the event’s history. The games will bring together over 1,000 young athletes aged 14-18 from 74 Commonwealth nations and territories, competing across eight sports.
The Mediterranean island nation will introduce two new sports – sailing and water polo – alongside traditional events including athletics, netball, squash, swimming, triathlon, and weightlifting. Notably, the 2027 games will feature the most extensive Para-sport program in Commonwealth Youth Games history, with para-swimming making its debut alongside para-athletics.
The competition will be spread across Malta and the Gozo Islands, utilising existing world-class facilities organised into four main clusters. Two athlete villages will be established using local hotels. Commonwealth Sport President Donald Rukare praised Malta’s athlete-first approach and proven experience in hosting international events, emphasising the games’ role in developing future sporting talent. While specific dates remain to be announced, the selection of Malta aligns with Commonwealth Sport’s strategy to bring the Youth Games to smaller island nations.
Read the original article here: https://www.msn.com/en-in/sports/other/malta-to-host-2027-commonwealth-youth-games/ar-AA1JEr9H?ocid=BingNewsVerp
Malaysia pledges over US$240b in US deals to avert trade fallout, lower tariffs
Malaysia has secured a reduced US tariff rate of 19% through substantial trade agreements valued at over US$240 billion, as announced by Trade Minister Tengku Zafrul Aziz in Parliament. The comprehensive package includes US$150 billion in semiconductor and technology procurement, a US$19 billion Boeing aircraft deal, and US$70 billion in Malaysian investments in the US, along with commitments for coal, LNG, and telecommunications equipment purchases. In return, Malaysia will reduce duties on 98.4% of US imports and ease restrictions on US tech companies.
The new tariff rate aligns Malaysia with most ASEAN nations, while protecting an estimated 100,000 jobs potentially at risk from trade disruptions. While semiconductors currently enjoy tariff exemption, they remain under US national security review. Notably, the Boeing aircraft purchase was clarified as part of a pre-existing fleet renewal strategy rather than a tariff response. The US remains Malaysia’s largest export destination, with exports worth RM198.7 billion in 2024, and it continues to be a significant source of foreign direct investment, at RM32.8 billion.
Read the original article here: https://www.businesstimesintl.com/asean/aseans-qr-linkage-push-go-local-could-chip-away-greenbacks-grip
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