PETALING JAYA: Bank Negara has in a surprise move hiked the key benchmark interest rate, the overnight policy rate (OPR), by 25 basis points (bps) to 2% against most economists’ expectations of it being kept at 1.75%. Economists told StarBiz they were startled by the central bank’s decision to raise the OPR so soon, but agreed the move could be to contain capital outflows and … [Read more...] about Surprise rate hike
Peter anthony
Anti-hopping law draft ready
PETALING JAYA: The draft of the proposed anti-hopping law is ready and the Parliament Special Select Committee (PSSC) is racing to table the Bill in the Dewan Rakyat in July, says Datuk Seri Dr Wan Junaidi Tuanku Jaafar. The Attorney General’s Chambers has submitted the draft to the committee, which will meet on May 19 after studying the draft in detail, the Minister in the … [Read more...] about Anti-hopping law draft ready
Musk puts Twitter deal on hold
LONDON (Reuters) - Elon Musk on Friday put his $44-billion deal for Twitter Inc temporarily on hold, sending the social media company's shares some 20% lower in pre-market trading and on the Frankfurt stock exchange. Below are analysts' reactions to the announcement. PETER TUZ, PRESIDENT, CHASE INVESTMENT COUNSEL, CHARLOTTESVILLE, VIRGINIA "I consider the Musk/Twitter … [Read more...] about Musk puts Twitter deal on hold
Temperatures hit 36.8°C in S’pore on Apr. 1, highest recorded temperature since 1983
Follow us on Telegram for the latest updates: https://t.me/mothershipsg Singapore has been hot recently. Like, really hot . In fact, temperatures hit an all-time high since 1983 on Apr. 1, 2022, with a temperature of 36.8°C recorded at Admiralty that day. Second-highest temperature of 36.8°C According to Meteorological Service Singapore (MSS), … [Read more...] about Temperatures hit 36.8°C in S’pore on Apr. 1, highest recorded temperature since 1983
Australia says Chinese spy ship’s presence off west coast an ‘act of aggression’
Reuters Canberra, Australia ● Fri, May 13, 2022 2022-05-13 13:50 1 53ea05b5fe2e13733519dbf4e30b3341 2 Asia and Pacific Australia,China,spy,aggression,defense,US,geopolitics Free Australian Defence Minister Peter Dutton said a Chinese intelligence ship had been tracked off the West Australian coast in what he called an "act of aggression" by … [Read more...] about Australia says Chinese spy ship’s presence off west coast an ‘act of aggression’