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...
KUALA LUMPUR: The ringgit opened higher against the US dollar and ASEAN currencies, lifted by positive sentiments ahead of the announcement of Malaysia’s inflation rate for June this Wednesday. At 8 am, the ringgit rose to 4.6815/6910 against the greenback from last Friday’s close of 4.6840/6875. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid...
KUALA LUMPUR: Malaysia's inflation remained at 1.8% for the third consecutive month in April, led higher by price increases in restaurant and accommodation services. The rate of increase was lower than the median forecast of 1.9% in a Reuters poll of economists. In a statement, the National Department of Statistics said the country's core inflation in April...
PUTRAJAYA: The government is planning a mechanism to manage the cost of living and tame the country’s inflation, says Rafizi Ramli. The Economy Minister said the discussion on wages, cost of living and inflation has to be managed carefully. "In the past, some quarters, every time we talk about pushing for higher wages, they will always give...
