Ghost Festival not spared from inflation
By Alexandra Lorna & Natasha Jee KUCHING: The Ullambana Festival or commonly known as the Ghost Festival is finally able to be observed today on Aug 12 after a two-year hiatus. Before this, it was affected by the Covid-19 pandemic, which prevented huge gatherings of people at one time to prevent the spread of the […]
Targeted subsidy mechanism being formulated
KUALA LUMPUR: A suitable mechanism of action for the implementation of targeted subsidy is being formulated to ensure that the assistance provided by the government will be received by the deserving groups, Prime Minister Datuk Seri Ismail Sabri Yaakob. He said various aspects of the mechanism needed to be fine-tuned so that the allocation set aside by the […]
New ceiling prices for chicken, eggs to help curb big rise in food inflation
KUALA LUMPUR: The move to set new ceiling prices for chicken and eggs will help to limit potentially larger adjustment that would add to the overall food inflation, according to MIDF Research. “For example, the new ceiling price for chicken at RM9.40 per kilogramme (kg) for Peninsular Malaysia is only an increase of 5.6 per cent from the […]
Call for effective steps to curb inflation
By Nura Valentiana Lorna & Neville Timothy Sanders KUCHING: The recent global warning of higher interest and inflation rates has prompted the Consumer Voice Association of Sarawak (COVAS) to advise the government to tackle the problem with effective measures. Its president Michael Tiong said desperate situation called for desperate measures. “From history, government knows that […]
Chicken, eggs and cooking oil ceiling price ends July 1
KUCHING: The Domestic Trade and Consumer Affairs Ministry will stop enforcing the ceiling price control on chicken, chicken eggs and pure cooking oil beginning July 1. “The ceiling price has resulted in market and price distortion,” it said in a statement today. “With the abolition, it will ensure that the supply of materials for food […]
Asian stocks tumble on global anxieties over inflation
HONG KONG: Asian stocks fell Monday as investors remained anxious over inflation and the ongoing impact of China’s Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report. Global markets have taken a beating over a series of crises including surging inflation, rising interest rates, China’s economic slowdown and […]
Go for local products
KOTA SAMARAHAN: Rural communities are urged to use local products to reduce the economic impact due to the expected increase in inflation. Deputy Speaker of the Sarawak Legislative Assembly (DUN), Datuk Idris Buang said rural people in Sarawak have this privilege because they can still get products such as agriculture and fisheries from their own […]
BNM knows better, SOPPOA tells Kula
KUCHING: Sarawak Oil Palm Plantation Owners Association (SOPPOA) has taken exception to Ipoh Barat MP Kulasegaran Murugeson saying Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus’s input on the revised minimum wage policy is shallow and regressive. SOPPOA chief executive officer Dr Felix Moh Mee Ho said on the contrary it was […]
Plunging oil prices to suppress inflation
KUALA LUMPUR: RAM Rating Services Bhd’s (RAM Ratings) overall outlook on domestic inflation for this year has become significantly more dovish amid the plunge in global oil prices. It said while the inflation rate is envisaged to remain largely unchanged at 1.5 per cent in February, the rating agency anticipates it to shift lower through the […]
