Hold election if PM cannot control economy
PETALING JAYA: A general election should be held if the current prime minister cannot manage the economy and country well. This was said by the former Prime Minister Tan Sri Muhyiddin Yassin after reading a report carried by the Merdeka Centre for Opinion Research in December 2021 and research done by Mindshare (a non-government organisation). […]
State taps Korean giants for hydrogen journey
SEOUL: Measures are being undertaken and various initiatives rolled out to develop the Sarawak’s hydrogen economy based on renewable energy. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the state is positioning itself well to be a commercial hydrogen producer by 2027. On Wednesday (Sept 7) a memorandum of understanding (MoU) was inked […]
Truss prioritises economy, energy, health service
LONDON: Britain’s new Prime Minister Liz Truss said on Tuesday that she will prioritise economic growth, tackling the energy crisis and improving access to the health service. “I am confident that together we can ride out the storm. We can rebuild our economy,” Truss said in her first address to the nation as prime minister, […]
Cost passing, can we take a step back here?
I had just finished a meal at a Western restaurant in Jalan Song when I noticed something odd about the receipt. A bit more expensive than usual. To see just how rapid inflation is now, duck into the eateries in the city. It’s not the prices on the menu so much that’ll shock you. It’s […]
140,000 families to be removed from hardcore poor category in three years
KUALA LUMPUR: About 140,000 hardcore poor families in Malaysia will be removed from the category in three and a half years through the implementation of various programmes to help increase their income, the Dewan Rakyat was told today. Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said regular and structured monitoring will be carried out every month […]
Khazanah Nasional in perfect position to embark on Advancing Malaysia strategic initiative
KUALA LUMPUR: Prime Minister Datuk Seri Ismail Sabri Yaakob has expressed confidence that the national sovereign wealth fund, Khazanah Nasional Bhd, is now perfectly positioned to embark aggressively on the signature strategic initiative, Advancing Malaysia. “I am cognisant of the fact that Khazanah does not expect recovery in hard-hit sectors such as aviation and tourism […]
BNM set to raise policy rate again
KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to lift its Overnight Policy Rate (OPR) by 25 basis points (bps) to 2.25 per cent at its fourth Monetary Policy Meeting (MPC) of the year scheduled for this week, according to Moody’s Analytics. In its report today, the research firm also noted that the country’s central […]
APAC economy continues to show resilience in face of inflation
KUALA LUMPUR: The economy of the Asia-Pacific (APAC) region continues to show resilience in the face of inflation caused by sanctions on Russia, goods and commodities shortages after the invasion of Ukraine, as well as local shutdowns in China due to the republic’s zero-COVID policy. Moody’s Analytics in a note today said China’s economic indicators […]
Yoon takes oath of office as S Korea’s new president
SEOUL: South Korean President Yoon Suk Yeol took the oath of office Tuesday, vowing to rebuild the nation on the foundation of a liberal democracy and market economy and offering to revive North Korea’s economy with an “audacious plan” should it take steps to denuclearise. Yoon made the remarks in his inauguration address at the […]
Sri Lanka PM quits as violence kills 5, injures 180
COLOMBO: Violence raged across Sri Lanka late into the night on Monday, with five people dead and some 180 injured as prime minister Mahinda Rajapaksa quit after weeks of protests. Those killed in the worst unrest since the crisis began included a lawmaker from the ruling party who shot two people. Another ruling party politician […]
