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June 20, 2018 1:41 PM Malaysia's inflation rate in May rises at fastest pace in four months

PETALING JAYA: Malaysia's consumer price index (CPI) increased 1.8% in May 2018 – the fastest pace in four months – to 121.1 compared with 119.0 in the corresponding month of the preceding year due to a strong recovery in transport prices. According to the Department of Statistics, among the major groups which recorded increases were transport (+3.8%); food & non-alcoholic 6

June 20, 2018 4:56 AM Malaysia’s inflation up 1.8% in May

PETALING JAYA: Malaysia's consumer price index (CPI) increased 1.8% in May 2018 to 121.1 compared with 119.0 in corresponding month of the preceding year, according to the Department of Statistics. Among the major groups which recorded increases were transport (+3.8%); food & non-alcoholic beverages (+2.2%); housing, water, electricity, gas & other fuels 5

May 7, 2018 12:54 PM BNM seen holding key rate on moderating core inflation

KUALA LUMPUR: Malaysia’s central bank is expected to leave its benchamrk interest rate unchanged at a policy meeting on Thursday, a day after the country holds a general election, a Reuters poll showed. Eleven economists polled by Reuters were unanimous in expecting Bank Negara Malaysia (BNM) to hold its overnight policy rate at 3.25%, as core and headline 6

April 17, 2018 6:38 AM Mier sees inflation moderating to 3pc

Executive Director of Mier Zakariah Abdul Rashid speaks at the 23rd Corporate Economic Briefing in Kuala Lumpur April 17, 2018. — Picture by Miera ZulyanaKUALA LUMPUR, April 17 — Malaysia’s inflation rate is set to dip to 3 per cent in 2018 on the back of the local currency’s recovery, according to the Malaysian Institute of Economic Research (Mier) 12

April 10, 2018 12:46 AM Analyst: ‘Grand Theft Auto V’ highest-grossing media title to date

‘Grand Theft Auto V lets players follow a three-protagonist storyline or cut loose in a fictionalised Los Angeles. ― AFP picSAN FRANCISCO, April 10 ― The sprawling, go-anywhere do-anything video game Grand Theft Auto V is “the most financially successful media title of all time,” according to a MarketWatch report. In the four and a half years since its September 24

March 29, 2018 2:01 PM US consumer spending up slightly; jobless claims at 45-year low

A woman shops inside a store at Roosevelt Field shopping mall in Garden City, New York, November 24, 2017. — Reuters picWASHINGTON, March 29 — US consumer spending rose marginally for a second straight month in February as households boosted savings, the latest indication that the economy lost momentum in the first quarter. But the economy’s fundamentals 15

March 22, 2018 8:45 AM Swiss National Bank’s forex interventions fall as franc weakens

Switzerland's lower inflation also meant the real external value of the currency was lower. — Reuters picZURICH, March 22 — Switzerland’s central bank bought nearly 30 per cent less foreign currency during 2017 as its effort to fight the appreciation of the safe-haven franc started to pay off. The Swiss National Bank purchased 48.2 billion Swiss francs 12

March 21, 2018 4:19 AM Malaysia’s February inflation rate at 1.4pc, below forecast

A Malaysia Ringgit note is seen in this illustration photo June 1, 2017. — Reuters pic KUALA LUMPUR, March 21 — Malaysia’s consumer price index in February rose 1.4 per cent from a year earlier, government data showed today. February’s annual inflation rate was below the 1.9 per cent forecast in a Reuters poll, and well below the 2.7 per cent posted 7

March 13, 2018 6:13 AM Asian currencies subdued on caution ahead of US inflation data

China's yuan rises after a slightly stronger midpoint fixing by the central bank. — Reuters picSINGAPORE, March 13 — Most Asian currencies traded in a tight range ahead of crucial inflation data from the United States due later in the day. Inflation has been a focal point for the Federal Reserve's monetary policy, and could speed up the tempo of interest 17

March 11, 2018 10:45 PM Looming trade war overshadows emerging market tumult this week

Rolls of steel are moved outside the ArcelorMittal Dofasco plant, an integrated steel producer, in Hamilton, Ontario, Canada March 7, 2018. — Reuters picNEW YORK, March 12 — From China to Peru, emerging market investors face a week of tumult as a trade war looms and faint sprouts of peace emerge on the Korean peninsula. Russia is in focus as traders 15