Saturday, January 22, 2022

economy

Inflation, a problem in Malaysia?

Misguided chatter about high inflation could force a reactionary interest rate hike.

RCEP around the corner as Malaysia poised to join world’s largest free trade deal

Within Asean, Malaysia is expected to be the largest beneficiary of the RCEP agreement in terms of gains in exports, with a projected US$200 million increase.

Biden says ‘not there yet’ on possible easing of tariffs on Chinese goods

China has fallen short of its pledge under the two-year Phase 1 trade agreement to buy US$200 billion in additional US goods and services during 2020 and 2021, and it remains unclear how the shortfall will be addressed.

UK sees highest inflation since 1992, pressuring BoE and households

Inflation has risen sharply across most advanced economies, reflecting a global rise in energy prices and supply chain difficulties.

Indonesia to introduce new tax breaks on property, car sales

The government had provided tax breaks for property and car sales last year under different schemes, which had expired in December.

World Bank sees sharp world growth slowdown, ‘hard landing’ risk for poorer nations

It says global growth is expected to decelerate 'markedly' to 4.1% in 2022 from 5.5% last year, and drop further to 3.2% in 2023.

Govt to draft National Recovery Plan 2.0

The National Recovery Council says a team will also streamline measures to deal with the situation if a surge in Covid-19 cases occurs.

Omicron slams UK retail recovery, says British association

The number of shoppers visiting UK stores slid 18.6% in December compared with two years earlier, or before the onset of the coronavirus pandemic, according to the British Retail Consortium.

EPF withdrawals: Whose retirement are politicians concerned about?

It's worth wondering if these people are really concerned about how the national retirement funds are being used, or about their own retirement, preferably free from any legal headaches.

Najib’s EPF withdrawal campaign will see many forced to work longer, economists warn

They say financial aid during times of crisis should come directly from the government instead of in the form of EPF withdrawals, as heavily promoted by the former prime minister.

Singapore economy rebounds from virus-induced recession

The city-state plunged into its worst economic performance in 2020 as businesses and international borders shut down, choking its trade and tourism economic lifeline.

2022 will be tough but better than 2020, say economists

While concerns remain over Covid-19 and the latest Omicron variant, the economic and social sectors have reopened on the back of a strong vaccination drive on the domestic front.

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