Economy

SRC: Shahrol Shifts All Blame On Najib, Pleads Ignorance

In what is an obvious effort to minimise his error in neglecting to do further due diligence on the investments by SRC, Shahrol said he took things that were proposed to him by Nik Faisal at "face value", including the fact that the latter may be telling former Prime Minister Najib a different story altogether

1MDB Lessons Perhaps Still Not Learnt In Malaysia

Lessons not learnt . . . The reasons for the 1MDB global financial scandal remain widely known in the public domain but so far there has been very little evidence that Malaysia has taken steps against history repeating itself!
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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...

How Bad Was Our Economy When Najib Was PM6?

Go figure about the economy as the share market doesn't lie. It reached its highest ever level at 1896 points in April 2018 just...

Just Deal With It, Folks. Inflation Is Here To Stay

Screaming at the government every day is not going to change our lives and changing the guards too has proven to be disastrous Everyone is...

Zafrul: 2022 Gov’t Subsidies highest in Malaysian history

Zafrul said to reduce inflationary pressures on the people, the government has provided various consumption subsidies KUALA LUMPUR - The total amount of subsidies is...

Asian Markets Rise As Recession Talk Tempers Rate Hike Expectations

Global markets have been thrown into turmoil for months by a perfect storm of crises that have left observers predicting a sharp contraction HONG...

Ant, Alibaba Plan For Less Intertwined Future After China Crackdown

The term Alibaba Economy cannot be used any longer as ‘Economy" is used by the state As the Jack Ma-founded businesses navigate China's crushing...

Slow Growth Expected For The US

Nothing to suggest recession is in the works, despite slow growth and inflation WASHINGTON, June 9 (Reuters) - U.S. Treasury Secretary Janet Yellen said on...