economy

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

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.

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.

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

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

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.

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

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.

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.

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.

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.

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.