THE rising inflationary pressure both globally and domestically has certainly stolen the limelight in recent weeks. Despite the implication on policy developments, large segments of the low and middle-class population are grappling with the increasing prices of goods and this has eventually threatened consumer spending and increased the cost of living. Costlier raw materials, supply […]
Read MorePETALING JAYA: Malaysia’s total subsidies, which is set to hit a record high of nearly RM80bil this year, will come at a necessary cost as the government strives to curb the rising cost of living. Given the current economic environment, Malaysia University of Science and Technology professor Geoffrey Williams said the need to increase subsidies […]
Read MoreKUALA LUMPUR: S&P Global Ratings has revised Malaysia’s long-term sovereign credit ratings outlook to ‘stable’ from ‘negative’ as it believes the country is on a strong economic recovery path compared to others at similar income levels, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, in reference to the global ratings agency’s latest report on […]
Read MoreKUALA LUMPUR, June 27 — The federal government should institute immediate cost-cutting measures such as freezing all official trips abroad and suspending mega projects to free up funds to address Malaysia’s living cost crisis, said a Pakatan Harapan (PH) committee. The coalition’s cost of living committee also suggested that Prime Minister Datuk Seri Ismail Sabri […]
Read MoreMALAYSIA’s economy is cranking up after the pandemic. Land borders with Singapore have reopened, bringing in millions of visitors. Kuala Lumpur’s notorious traffic jams are back and shoppers are flocking to malls. The revival also has a rich irony: So many workers have left for better-paid jobs in the country’s wealthy southern neighbour that businesses […]
Read MoreKUALA LUMPUR: Malaysia recorded a 2.8% year-on-year (y-o-y) increase in consumer prices in May amid the accelerating cost of food The May headline inflation was above the 2.6% median growth forecast of a Reuters poll of economists and higher than the 2.3% increase recorded in April. In a statement, National Statistics Department chief statistician Datuk […]
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