Malaysia develops framework to address cost of living
KUCHING: The Human Resources Ministry and the Economy Ministry are collaborating to develop a framework that will ensure Malaysians receive pay raises proportionate to the increasing cost of living. This solution is one of many being developed to address the cost of living, according to Economy Minister Rafizi Ramli. He added that his ministry is […]
Salary budgets for employees projected to increase in 2023
BY SHARIFAH PIRDAUS SYED ALI KUALA LUMPUR: Companies in Malaysia are expected to allocate higher salary budgets in 2023, mainly influenced by the competitive labour market conditions and inflationary pressures driven by the rising cost of living, said global advisory, broking and solutions company, WTW. Based on its Salary Budget Planning Report 2022, WTW said […]
OPR hike painful but necessary to save consumers
KUCHING: Bank Negara Malaysia (BNM) has raised the Overnight Policy Rate (OPR) to address inflation concerns, contradicting claims that higher OPR would increase the cost of living. Centre for Market Education (CME) economist Dr. Carmelo Ferlito explained that inflation occurs when the quantity of money in circulation grows faster than the output (Gross Domestic Product). […]
Willie Mongin concerned over effects of OPR hike on Malaysians
KUCHING: Puncak Borneo MP Datuk Willie Mongin has voiced his concern over the recent hike in Malaysia’s Overnight Policy Rate (OPR) and its adverse effects on the value of the ringgit and the cost of living. In a Facebook post today, he said the usual formulas for economic management seem to have failed, as the […]
Kenya’s opposition leader declares nationwide protests against President Ruto
NAIROBI: Kenya’s opposition leader Raila Odinga on Thursday announced the start of nationwide protests against President William Ruto. The move comes after Odinga’s 14-day ultimatum to the government to reduce the cost of living and open the 2022 presidential election servers lapsed Wednesday at midnight. Speaking to hundreds of his supporters Thursday, Odinga launched the […]
Minister praises state govt’s Unity Package Fixed Internet initiative
KUCHING: Women, Early Childhood and Community Wellbeing Development Minister Datuk Seri Fatimah Abdullah has welcomed the government’s initiative in aiding selected groups for the Unity Package Fixed Internet Broadband. In line with the Malaysia Madani concept, Communications and Digital Minister Fahmi Fadzil recently announced the package to ease the cost of living for the B40 […]
Call to prioritise measures to reduce cost of living
BETONG: Rural folk expect Prime Minister Datuk Seri Anwar Ibrahim, who is also Finance Minister, to prioritise measures to reduce the cost of living when Budget 2023 is presented on Feb 24. They also want larger allocations to be given to Sarawak for smooth and consistent development. ——————— JA’AFAR YUSSUP, 40 One thing that needs […]
Eleven items under Xmas price control list
MIRI: Eleven items are listed under the Festive Season Maximum Price Control Scheme for Christmas. The scheme will be on for five days from Dec 23 to 27, said Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub. These items include live old chicken (controlled in Sarawak only), chicken wings (controlled in Sarawak, […]
Give priority to people’s immediate needs: PSB
KUCHING: Parti Sarawak Bersatu (PSB) has urged the state government to alleviate the burdens of life as well as mitigate the rising inflationary rates,as a result of which goods and food items are costing more. Its president Datuk Seri Wong Soon Koh said although long-term and visionary plans may be important, a more realistic and […]
Address real issues via progressive policies
KUCHING: The country needs comprehensive, robust and progressive policies and systemic reforms to address real issues happening in Malaysia, said Bandar Kuching MP Dr Kelvin Yii. He said the issues such as economy, cost of living, health and others faced by the people needed a comprehensive, robust and progressive policies and systemic reforms. “The country […]
