Saturday, October 11, 2008
Singapore Straits Times, 10 October 2008
Pay attention, Malaysia
Hazlin Hassan takes stock of the Malaysian economy.
WHILE the world is reeling from what is possibly the worst global economic crisis since The Great Depression, most Malaysians have been too preoccupied with its own political drama to pay much attention to the financial meltdown.
Everyone is busy talking about [...]
Tuesday, September 30, 2008
The Malaysian Insider, 30 Sep 2008
More Malaysians fret over economy
KUALA LUMPUR, Sept 30 - Malaysians are increasingly worried about their economy in the light of the global financial crisis and continuing political turmoil on the domestic front.
More than half of the respondents to a survey just conducted by the independent Merdeka Centre said they were [...]
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Thursday, September 25, 2008
The government has cut petrol and diesel prices by 10 sen each to RM2.45 and RM2.40 per litre effective from 25 Sep 2008.
Wednesday, September 24, 2008
Malaysiakini, 24 Sep 2008
Inflation jumps to 27-year high
The inflation rate has jumped to a 27-year high of 8.5 percent in August, driven by the escalating cost of food and fuel, according to official data released today.
“The result was slightly higher than expected but the central Bank Negara would not raise interest rates to ensure growth,” [...]
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Thursday, September 4, 2008
Bloomberg: Malaysian Ringgit Will Be a ‘Washout‘, Institute Says
By David Yong
Sept. 4 (Bloomberg) — Malaysia’s ringgit, Southeast Asia’s second-worst performer in the past three months, will be “a washout” in 2008 as a growing budget deficit and policy inaction on inflation turn investors away, a think tank said.
The ringgit will probably weaken to 3.5 per [...]
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Saturday, August 23, 2008
Malaysian Insider, 23 Aug 2008
Inflation hits 27-year high of 8.5pc in July
KUALA LUMPUR, Aug 22 — The annual inflation soared to 8.5 per cent in July, sharply up from 7.7 per cent in June.
The July data was the steepest rise since 8.5 per cent in December 1981 and the government also today announced that [...]
Star Business, 25 July 2008
Rates: To raise or not to raise?
PETALING JAYA: Economists say any interest rate hike by Bank Negara following today’s policy meeting will be carried out in response to the current inflationary pressure and to counter the negative real rate of return.
According to figures released by the Government on Wednesday, the consumer [...]
KUALA LUMPUR, July 24 — The higher-than-expected increase in the June inflation rate puts more pressure now on Bank Negara Malaysia to raise the overnight policy rate.
The 7.7 per cent rise in the June consumer price index was higher than the market estimate, according to two economists who had previously expected it to be below [...]
Three months ago, it was 3 percent, the highest in 15 months. June’s rate of 7.7 percent also recorded another high, the highest in 26 years - reports Malaysiakini. At the rate this inflation comes ”high-ing” at us, very soon our RM10 will get us nothing, although, we still can get this basketful today, says TheMalaysianInsider.
A WORLD IN RECESSION?, front paged in the NST, 9 June 2008. BATTLING INFLATION, front paged in the NST, 23 June 2008.
Yesterday, The Sunday Star reported that following the June 5 fuel price hike: