Malaysia Q2 GDP grows at fastest annual pace in a year

Malaysia Q2 GDP grows at fastest annual pace in a year

Malaysia’s economy grew at its fastest annual pace in a year in the second quarter. The economy surged 8.9% from a year ago, faster than the 6.7% expected by economists. It was driven by expansion in domestic demand and resilient…

Singapore trims growth forecast, but not expecting technical recession

Singapore trims growth forecast, but not expecting technical recession

The Trade and Industry Ministry said Singapore is not expecting a technical recession, which happens when there are two consecutive quarters of quarter-on-quarter economic contraction. Although the economy shrank from April to June, the MTI is projecting positive growth ahead.…

Malaysia's finance minister says targeted subsidies have to be rolled out at right time, gradually

Malaysia’s finance minister says targeted subsidies have to be rolled out at right time, gradually

Malaysia will announce its second quarter GDP data tomorrow (Aug 12), which economists forecast to have grown 6.7% from a year ago. Finance Minister Zafrul Abdul Aziz told CNA the country is likely to meet the official growth forecast of…

July's CPI Reached 8.5%, Average Price Of Gas Was Dollar Less Than In June

July’s CPI Reached 8.5%, Average Price Of Gas Was Dollar Less Than In June

The Consumer Price Index reached an 8.5% mark in July, down from a 40-year high of 9.1% in June. NBC News’ Tom Costello reports on the costs of food and energy and whether the Federal Reserve will continue to increase…

Singapore's retail sales rise 14.8%, in June

Singapore’s retail sales rise 14.8%, in June

Singapore’s retail sales were up by 14.8 per cent on-year in June. While slower than May’s growth of around 18 per cent, it recovered from a low base over the same period last year. That was when movement and travel…

India's central bank raises interest rate to 5.4%

India’s central bank raises interest rate to 5.4%

India’s central bank has raised a key lending rate for the third time in three months to tame stubborn inflation. The Reserve Bank of India raised its key lending repo rate by 50 basis points to 5.4 per cent, bringing…

Current CPF interest rates higher than market rate pegs: Tan See Leng

Current CPF interest rates higher than market rate pegs: Tan See Leng

Manpower Minister Tan See Leng said the government has continued to pay “generous” Central Provident Fund (CPF) interest rates because of its floor rates. That’s despite the low interest rate environment since the global financial crisis. He was replying to…

India's July manufacturing activity expands at fastest pace in eight months

India’s July manufacturing activity expands at fastest pace in eight months

India’s factory activity expanded at its fastest pace in eight months in July. The manufacturing PMI jumped to 56.4 from June’s 53.9. It was boosted by solid growth in new orders and output as demand continued to improve on the…

Crisis-torn Sri Lanka appeals for urgent help to feed children

Crisis-torn Sri Lanka appeals for urgent help to feed children

Sri Lanka has issued an urgent appeal for help to feed possibly several hundred thousand children, who are suffering from malnutrition due to insufficient food. The government is seeking private donations as it can no longer sustain welfare. The country…

Students in Malaysia protest rising cost of living, inflation

Students in Malaysia protest rising cost of living, inflation

In Malaysia, opposition parties and student groups have taken to the streets regularly to voice their frustration over the rising cost of living and inflation. Among their demands: More aid to the people, continued provision of subsidies and price controls…