Malaysia named as best retirement destination in Asia

Malaysia has topped the list of ideal retirement destinations in Asia in 2018, according to a new Retirement Index from International Living.com.
Malaysia named as best retirement destination in Asia ảnh 1Beach in Perhentian Island, Malaysia (Source: Shutterstock)

KualaLumpur (VNA) - Malaysia has topped the list of ideal retirementdestinations in Asia in 2018, according to a new Retirement Index fromInternational Living.com.

The index, which takes into consideration criteria such as cost of living,health care and climate, ranked Malaysia fifth globally, while Costa Rica wascrowned the most preferred retirement destination in the world.

Thesite hailed Malaysia for its tropical climate and range of retirement locationsto choose, from bustling cities to mellow towns, all of which are surrounded bynature or beaches.

It noted that retirees can live comfortably here on just 2,500 USD per month,which is just a fraction of what they would need in many other countries.

The site also placed a spotlight on Malaysia’s medical tourism industry, whichoffers quality health care at affordable prices, and its wide range of food andbeverage (F&B) outlets.

The Malaysia My Second Home (MM2H) programme was also lauded as one of the bestin the world, making it easy for foreign retirees to move here.

Besides Costa Rica and Malaysia, other countries whichmade it onto the annual list were Mexico at second place and Panama at third,followed by Ecuador, Colombia, Portugal, Nicaragua, Spain and Peru.-VNA

VNA

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.