MALAYSIA, like the rest of the world, is heading into a period of economic normalisation. The economy is getting back on its feet again after two years of massive fiscal and monetary policy support. Jobless numbers have been dropping and domestic consumption has been recovering. ALSO READ: Growth projection maintained on stronger demand However, with lingering … [Read more...] about Economy getting back in top form
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Experts: Economy close to rebound
BEIJING: China is likely to see a rebound in some key economic indicators in the following months as a result of the government’s effective measures to contain Covid-19 outbreaks and step up macro policy support, said officials and experts. Their remarks came amid concerns that China’s economic activity could weaken in the second quarter, as it feels the impact of resurgent … [Read more...] about Experts: Economy close to rebound
Indonesians severely hit by rising inflation
GARMENT factory worker Praptiani has been hit hard by surging prices. The mother of two has had to pay more for everything from cooking oil, whose price has doubled from late last year due to a scarce supply, to detergent, whose prices have surged since April due to a value-added tax hike from 10% to 11%. April was especially tough for Praptiani, as the tax hike came amid … [Read more...] about Indonesians severely hit by rising inflation
The climate crisis turns up the heat on Malaysia’s food security
LAST December, Malaysia witnessed a phenomenon that is supposed to only happen once in 100 years: some parts of the country received one month’s average rainfall all in just one day, an incident that led to massive floods. We were also told that the nine years spanning 2013-2021 were all listed among the 10 hottest years ever recorded. In recent times, “rare” extreme … [Read more...] about The climate crisis turns up the heat on Malaysia’s food security
China April aluminium output hits record high as power curbs lifted
BEIJING: China's aluminium production in April hit a record high, official data showed on Monday, after curbs on power production eased, allowing smelters to expand operations. Primary aluminium output in the world's top producer and consumer of the metal stood at 3.36 million tonnes, up 0.3% on the same month a year ago, which had been a monthly high, National Bureau of … [Read more...] about China April aluminium output hits record high as power curbs lifted