Economy

Grab: Glitch Causes Calls For Strike By Riders Today

Grab riders unhappy with current flat rate per delivery in view of rising costs of living As foodies are bracing for a "Blackout" today on...

Sanctions Have Huge Toll On Russian Economy: Report

Some 1,000 foreign companies halted their activities in the country, potentially impacting up to five million jobs, according to a report by the Yale...

No, CPI Is Not The Ultimate Tool To Measure Inflation

Is our inflation rate REALLY among the lowest in the region? According to the Department Of Statistics Malaysia, the inflation in June was 3.4% compared...

Prosperity Tax To Help Ease Financial Burden – Tengku Zafrul

Not the time to increase tax rates as economy still recovering but prosperity tax helps The one-off collection of prosperity tax this year is expected...

Petronas’ Subsidiaries In Azerbaijan Seized By Sulu Sultanate’s Heirs

Malaysia had stopped paying heirs of Sultan Sulu annual RM5,300 cession money since 2013 after the Lahad Datu armed incursion TWO of Petronas’ subsidiaries in...

Euro Teeters On Brink Of Parity Amid Recession Risks

The single currency fell as low as US$1.0006 (RM4.42) on Monday, the lowest since December 2002 TOKYO ― The euro hovered close to a 20-year...

Sri Lankan Bonds Fall As Its President Resigns

Sovereign dollar bonds issued by Sri Lanka slipped between 1.5 cents and 2.3 cents to hit a record low today NEW YORK — A gauge...

Analysts See OPR Hitting 3pc By 2023

The majority believe the rate hikes would continue for the rest of the year amid rising inflation KUALA LUMPUR — Analysts believed Bank Negara Malaysia...

IMF Chief Says ‘Cannot Rule Out’ Possible Global Recession

IMF is expected to release its updated forecast for 2022 and 2023 in late July, after slashing its forecast by nearly a full percentage...

OPR Increased To 2.25%, Global Growth Moderate

A typical setting at the bustling Petaling Street, Kuala Lumpur that sees the arrival of tourists after April 1, 2022. Today Bank Negara announces OPR increased to 2.25%

Wall Street Stumbles As Consumer Pessimism Stokes Growth Fears

Data released showed the consumer confidence index dropping to the lowest it has been since February 2021 NEW YORK - Wall Street closed sharply lower...
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