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

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.

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.

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

BUDGET 2024, to be tabled in parliament on Oct 13, will be the second budget announced by the unity government. With the conclusion of the recent six state elections, is the administration ready to kick-start more unpopular moves and measures to address the shrinking revenue collection?

Cover Story: Reforms needed in Budget 2024

Dividend counters, underpinned by strong cash flow and high asset quality, are the way forward in the face of heightening market uncertainty and volatility, says Syhiful Zamri Abdul Azid, chief investment officer at Maybank Asset Management Sdn Bhd (MAM).

He says dividend stocks were lo...

Funds: An all-weather strategy for an uncertain future

Yarra Park City  Pty Ltd’s RM9 billion Melbourne Square has been doing well since it was launched in 2017. With the first stage completed and handed over in March 2021, the developer plans to officially launch the second stage, a residential tower called Blvd, next month.

Blvd, whi...

Second stage of Melbourne Square to be launched next month

I have just spent several days in the Detroit area — the global hub of automobiles. While my trip to Michigan, mainly to visit family and friends, was long planned, it coincided with the biggest auto workers’ strike that the US has seen in decades as well as the annual Detroit Auto Show.

<...

Tech: End of an era for global carmakers

THE recent strength in global crude oil prices is rejuvenating interest in the oil and gas (O&G) sector, in particular the offshore support vessel (OSV) segment. There are also a number of contracts being negotiated with national oil company Petroliam Nasional Bhd (Petronas), which could lead...

Strengthening oil prices augur well for service providers

In the last two years, foreign banks in Malaysia have seen a flurry of changes at the helm, a sign that the banking industry may be heading for interesting times.

This is all the more so because there has been a changing of the guard at a few domestic banks too. Alliance Bank Malaysia B...

Cover Story: New leaders, new visions & missions

Asset prices saw a 2.7% decline in 2022 globally, the strongest drop since the global financial crisis in 2008, according to Allianz Research.

Inflation hurts investments and savings

SHARES of InNature Bhd — operator of The Body Shop stores in Malaysia, Vietnam and Cambodia — recently sank to their lowest levels in almost three years, weighed down by concerns that sales would be affected by the current subdued consumer sentiment.

Amid the more challenging outlook fo...

InNature to keep investing in The Body Shop while waiting for the tide to turn

The Penang property market has seen limited transactions for two consecutive quarters, resulting in steady transacted prices and a lack of significant quarter-on-quarter (q-o-q) price movement, according to Nawawi Tie Leung Property Consultants Sdn Bhd executive director and regional head of rese...

The Edge |  Nawawi Tie Leung Property Consultants Penang housing Property Monitor (2Q2023): Muted performance

MALAYSIA’s multi-level marketing (MLM) industry performed well during the recent pandemic, particularly those dealing with health and wellness products, as consumers turned to health supplements and wellness-related foodstuff in their effort to stay healthy.

One example is Amway (M) Hol...

The Edge Malaysia

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