The calculation depicts a family of four living in the Klang Valley. It also assumes that there will be another 25 basis point rise in OPR as well as a 5% increase in grocery expenditure and a 10% rise in dining out expenses by the end of the year.

&...

Cover Story: How would different income groups fare with inflation and interest rate hikes?

THE next time you take a bite out of a McDonald’s Big Mac in Malaysia, which costs RM10, remember that you are getting it at a discount of 58.9% compared with someone who purchased the fast food chain’s iconic burger in the US for US$5.81.

Well, it is only considered a discount if you’r...

Cover Story: What the Big Mac Index reveals about the ringgit 

IT was a busy morning at a petrol station along the New Klang Valley Expressway near Subang. Inside the convenience store, it was a hive of activity as patrons went about their business, from withdrawing cash and buying snacks and drinks to topping up their Touch ’n Go cards.

A man, pro...

Cover Story: Rising prices, rising inequality

IN recent months, the public has been bombarded with news that Malaysia’s public healthcare system is in “critical condition” as Covid-19 admissions swamp hospitals. Meanwhile, social media is flooded with images of the dire situation, including pictures of Covid-19 patients being attended to on ...

Cover Story: Malaysia’s healthcare allocation lags behind peer group average but rising, World Bank, WHO data shows 

THE dilemma faced by junior doctors — the majority of whom are on short-term contracts — in the public healthcare system has come to the fore recently. This is because the contracts limit their ability to further their training and specialisation.

This led a group of junior doctors to p...

Cover Story: Clear training pathway for junior doctors needed

I got a call this morning from the hospital, from one of the wards that I am overseeing, on the need to discuss two cases to see if we could administer IL-6 inhibitors, which we don’t have, as we have run out. Not to be overly dramatic about it but yes, we have run out of this drug,” a senior doc...

Cover Story: Public healthcare reform — better late than never

AS Malaysia goes back to work and restarts the economy, the impact of two months of virtual shutdown of many industries and businesses not in the essential services category has taken a huge toll on the sustainability of the economy.

While most industries have been allowed to open, the ...

The State of the Nation: Penjana: Restarting the economy and paving the way for reform

THE move by Asia’s richest man Li Ka-shing last month to separate his busin...

Cover Story: Unlocking Shareholder Value

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep eye on inflation rate following civil service pay hike

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role