KUALA LUMPUR: The move to set new ceiling prices for chicken and eggs will help to limit potentially larger adjustment that would add to the overall food inflation, according to MIDF Research. “For example, the new ceiling price for chicken at RM9.40 per kilogramme (kg) for Peninsular Malaysia is only an increase of 5.6 per […]
Read MoreBANGKOK: Thailand’s weak baht is good for exports while its fiscal and financial position remains strong, the prime minister said. Baht weakness, however, has a negative impact for some and the finance ministry and central bank are monitoring, Prayuth Chan-ocha told a business seminar on Wednesday Foreign visitors should hit 10 million this year following a […]
Read MorePETALING JAYA: Companies in the Asia Pacific remain optimistic about their prospects despite higher cost pressure from rising material prices. This optimism on economic growth was unequal across the region according to the Coface 2022 Asia Corporate Payment Survey. Malaysia showed a significant decline compared to last year in the expectation for economic growth. Only […]
Read MoreKUALA LUMPUR: Economic recovery remains in sight with a better trend as signalled by Malaysia’s macroeconomic performance in April 2022 amid global uncertainty, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said more than two years after an unprecedented global health crisis that profoundly altered the world’s socioeconomic […]
Read MoreKUALA LUMPUR: Malaysia’s Producer Price Index (PPI) local production, which measures the costs of goods at the factory gate, remained high in May with a growth of 11.2 per cent year-on-year (y-o-y) compared with 11.0 per cent y-o-y in April 2022, said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir […]
Read MorePETALING JAYA: Barely three days after Malaysia reported its highest food inflation in 11 years, economists are warning consumers to brace themselves for higher inflationary pressure in the coming months. There is also further bad news. Alongside the higher prices, Malaysians also need to endure increased borrowing costs ahead, as the central bank is likely […]
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