Malaysia’s inflation moderate at 1.8 pct in October
KUALA LUMPUR: Malaysia’s headline inflation, as measured by the consumer price index (CPI), moderated to 1.8 per cent in October 2023, the lowest since April 2021, with the CPI at 130.9 points against 128.6 in the same month a year ago, the Department of Statistics Malaysia (DOSM) said. Chief statistician Datuk Seri Mohd Uzir Mahidin […]
General Motors third-quarter performance drops
CHICAGO: General Motors Company announced on Tuesday that its net income in the third quarter of this year was US$3.1 billion, down 7 per cent year on year, reported Xinhua. GM’s revenue in the third quarter increased 5.4 per cent from a year ago to US$44.13 billion, while the operating profits declined 16.9 per cent […]
Malaysia’s inflation down to 1.9 percent
KUALA LUMPUR: Malaysia’s inflation came down to 1.9 per cent in September 2023 with the index points recorded at 130.8 from 128.3 in the same month of the previous year, according to the Department of Statistics Malaysia (DOSM). Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said slower increases in Restaurants & Hotels at 4.4 […]
Nigeria declares state of emergency over food security, inflation
LAGOS (Nigeria): Nigeria has declared a state of emergency over food security and inflation in the country, the president announced Friday, Anadolu Agency (AA) reported. “We declared a state of emergency and unveiled a comprehensive intervention plan on food security, affordability, and sustainability, taking decisive action to tackle food inflation,” Tinubu said on Twitter. Nigeria, Africa’s leading […]
Ringgit opens slightly higher versus greenback
KUALA LUMPUR: The ringgit opened marginally higher versus the greenback this morning ahead of the United States’ (US) February inflation report to be released this week, said an analyst. At 9 am, the local note strengthened to 4.5120/5175 versus the US dollar compared with Friday’s closing rate of 4.5180/5220. Bank Muamalat Malaysia Bhd head of […]
Sarawak inflation rises to 4.3 pct in January
KUCHING: Sarawak has been experiencing a rise in inflation, with an increase of 4.3 per cent in January 2023. According to the Department of Statistics Malaysia, this figure was higher than the national average of 3.7 per cent and was part of a trend that had been seen in the state in recent months. The […]
US dollar tumbles as inflation moderates, gold rises
NEW YORK: The US dollar dipped in late trading on Thursday as the Federal Reserve’s preferred gauge of inflation slowed in October reported Xinhua. The US Commerce Department reported Thursday that the US personal consumption expenditures (PCE) price index increased 0.3 per cent in October, for a 6 per cent year-on-year gain, down from the upwardly revised […]
Combating inflation, corruption core of PSB’s manifesto
BY AMYRA VARKISA & ALLAN JAY SIBU: Parti Sarawak Bersatu (PSB) promises to combat inflation and corruption, restore Sarawak’s rights, eradicate poverty and provide affordable housing in their manifesto for the upcoming 15th general election (GE15). Its president Datuk Seri Wong Soon Koh said these are among the promises that the party would deliver if […]
Annual inflation in Japan reaches 3pct for first time since 1991
TOKYO: Japan’s inflation rate reached three per cent in September for the first time since 1991, the Japanese Ministry of Internal Affairs and Communications said on Friday, reported Sputnik. The three per cent level exceeds the inflation target of two per cent set by the Bank of Japan. A three per cent rise in prices […]
Country needs to focus on inflation rate
LOOKING at the world for the past few years, it is undeniable that we have been hit with various challenges and misfortunes everywhere. Not only in terms of the pandemic, war, or natural disasters but also inflation. And as a developing country, this inflation has sparked concern among the people. According to the Department of […]
