HANOI: Vietnam's consumer price index increased by 3.27% in the first two months of 2025 from the same period in 2024, and industrial production climbed by 7%, the government said on Wednesday (March 5), a day ahead of the scheduled release of the data. Figures published on the government's website showed the trade surplus for the...
KUALA LUMPUR: The ringgit closed higher against the US dollar on Wednesday, supported by data showing a decline in Malaysia’s inflation rate, said an economist. According to the Department of Statistics Malaysia (DOSM), Malaysia’s inflation rate for December 2024 moderated to 1.7 per cent, compared to the 2024 annual rate of 1.8 per cent. At 6 pm,...
PETALING JAYA: Malaysia’s retail sector remained resilient in November 2024, as reflected in the latest distributive trade index (DTI) data, but analysts noted potential headwinds ahead. The Department of Statistics Malaysia reported a 3.9% year-on-year (y-o-y) growth in the DTI for November, reaching 158.8 points, although this represented a slowdown from the 5.1% y-o-y growth recorded...
KUALA LUMPUR: The ringgit closed a little lower against the greenback for the second consecutive day on Tuesday on caution amid ongoing uncertainties in the Middle East and ahead of the US consumer price index (CPI) report due tomorrow. At 6 pm, the local currency slid to 4.4250/4300 against the US dollar, compared to yesterday’s close...
US Vice President and Democratic presidential candidate Kamala Harris speaks during a campaign rally on the Benjamin Franklin Parkway in Philadelphia, Pennsylvania on November 4, 2024. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) WASHINGTON (Reuters): In a meeting with one of America's most powerful unions in September at its Washington headquarters, Vice President Kamala Harris said she'd...
KUALA LUMPUR: Implementing subsidy rationalisation by redefining the T15 group could end up being unfair to the middle class, says Tan Sri Muhyiddin Yassin. While taking part in debates on Budget 2025 in the Dewan Rakyat on Wednesday (Oct 23), the Pagoh MP said the government had yet to define the T15 group, but it purportedly...
KUALA LUMPUR: The ringgit closed marginally higher against the US dollar on Monday as a lower domestic inflation rate helped to extend its recent gains, an analyst said. At 6 pm, the local currency climbed to 4.2000/2060 against the greenback, compared to last week's close of 4.2005/2070. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul...
LONDON: British pay growth cooled in the three months to July to a more than two-year low and employment shot higher, according to data on Tuesday which is likely to keep the Bank of England on track to cut interest rates again before the end of the year. British average weekly earnings, excluding bonuses, were 5.1%...
KUALA LUMPUR: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi on Thursday (Aug 22) said that the government’s recent announcement on civil servant salary increase should not be greeted with unnecessary and unreasonable price hikes. While making adjustments to the civil servant salary, he said the government also wished to control inflation. "Of course, in such...
KUALA LUMPUR: Malaysia is expected to maintain its economic growth forecast of 4.8% this year, mainly driven by consumer spending, according to Standard Chartered Bank Malaysia Bhd (StanChart). "We see consumer spending moderating as labour-market conditions soften but expect it to remain the primary driver," said StanChart economist Jonathan Koh and chief economist Edward Lee in...
