Economy

Malaysia’s central bank boosts interest rates to 2.25 percent for economic growth

MALAYSIA: A 25-basis-point increase in interest rates was announced by Malaysia's central bank on Wednesday (July 6). This is the…

July 6, 2022

Minister: Malaysia’s government would maintain inflation in check

MALAYSIA: Minister Tan Sri Annuar Musa said that the government's Special Task Force on Jihad Against Inflation will work to…

June 30, 2022

Malaysia is thinking about bringing back the GST

MALAYSIA: Earlier this month, Malaysian Prime Minister Ismail Sabri Yaakob was quoted as saying that the government was interested in…

June 29, 2022

Tourism and exports will boost Thailand’s economy by 3.5% this year

THAILAND: On Tuesday, Thailand's finance minister predicted that the country's GDP will increase by around 3.5 percent this year, mostly…

June 29, 2022

Taiwan is expected to boost its electricity costs by an average of 8.4%

TAIPEI: The economy ministry announced on Monday that Taiwan will hike power costs by an average of 8.4% on July…

June 28, 2022

Bankrupt Sri Lanka is looking for Russian oil at a reduced price

COLOMBO: The government of Sri Lanka declared on Sunday (Jun 26) that it was sending ministers to Russia and Qatar…

June 27, 2022

A weaker yen fuels dissatisfaction among Japan’s farmers

YAMAGATA: Increasing the amount of rice in his cattle feed is a way for Japanese farmer Kiyoharu Hirao to save…

June 27, 2022

Wall Street advances bolster Asian stocks as oil eases inflation fears

TOKYO: Asian stocks rose on Monday, after Wall Street's strong bounce at the close of last week, as oil prices…

June 27, 2022

As supply disruptions continue, Singapore needs to diversify food sources

SINGAPORE: Prime Minister Lee Hsien Loong said on Saturday that Singapore must do more to diversify its food sources since…

June 26, 2022

Malaysia’s prime minister says the country will continue to impose a price ceiling on chickens

MALAYSIA: There will not be a float in chicken prices in Malaysia starting on July 1, the country's administration has…

June 25, 2022

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