KUALA LUMPUR (July 26): Malaysia’s economy appears to be firmly on a recovery path, but ongoing inflation is inflicting hardship on certain segments, including low-income households, who have been disproportionately affected by rising price pressures, said Bank Negara Malaysia (BNM). “There is some unevenness in the economic recovery… The rise in food prices in particular, […]
Read MoreTHE Philippine gaming industry’s revenue is expected to recover to its pre-pandemic position by 2026 or even overtake this level, as player confidence slowly returns to the sector, a senior regulatory official said on Tuesday (Jul 26). “Definitely there will be no more lockdowns but bringing back the confidence of players is hard,” Daniel Cecilio, […]
Read MoreTNG Digital – the owner and operator of Malaysia’s largest e-wallet company, Touch ‘n Go eWallet – has raised RM750 million (S$233 million) from an equity funding round that counts e-commerce giant Lazada among the investors. In a media release, TNG Digital said the latest funding round was a follow-on investment by TNG Digital’s current […]
Read MoreThe move aims to stabilize market prices of strategic commodities, contributing to containing inflation and supporting the monetary policy in the short- and medium-term. The Government has suggested the Minister of Finance (MoF) consider further tariff and tax cuts related to petroleum products, especially those that would result in increased operational costs for businesses and people. […]
Read MoreMANILA, Philippines — There will be no more surprise rate increases coming this year, Bangko Sentral ng Pilipinas Governor Felipe Medalla said Tuesday, adding that there’s less pressure now on the central bank to fire off jumbo rate hikes to rein in uncomfortably high inflation. “One thing I can say is you can only surprise […]
Read MoreKUALA LUMPUR: Malaysia’s economy is firmly on a recovery path supported by domestic activities and positive external demand. The economy is expected to grow steadily in 2022 and 2023 despite continuing challenges from rising cost pressures, the Russia-Ukraine military conflict and China’s strict containment measures of COVID-19, said Bank Negara Malaysia (BNM) governor Tan Sri […]
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