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Inflation notches a fresh 30-year high as measured by the Fed’s favorite gauge Posted by: superadmin - 10-30-2021, 11:48 AM - Forum: Business, Economy and Investment - No Replies Headline inflation, including food and energy, rose at a 4.4% annual rate in September, the fastest since 1991. Core inflation, which is the Fed’s preferred gauge, increased 3.6% for the 12 months, the same as in August but still also the fastest pace in 30 years. Personal income declined at a faster pace than expected while consumer spending increased and was in line with forecasts. Employment costs rose more than expected and at the fastest annual pace in 19 years. Annual inflation rose at its fastest pace in more than 30 years during September despite a decline in personal income, the Commerce Department reported Friday. Headline price pressures as gauged by the personal consumption expenditures price index including food and energy increased 0.3% for the month, pushing the year-over-year gain to 4.4%. That’s the fastest pace since January 1991. Stripping out food and energy costs, inflation rose 0.2% for the month, in line with the Dow Jones estimate, and 3.6% for the 12-month period, unchanged from August but good for the highest since May 1991. The Federal Reserve prioritizes the so-called core PCE reading among a battery of measures it uses for inflation. - More -   We don’t really trust each other, do we? Posted by: superadmin - 10-30-2021, 11:14 AM - Forum: Stop Racism and Religious Bigotry - No Replies Last week, I wrote in my column about whether Malaysia will ever be free from narrow-mindedness. My thoughts were premised on the reality that many issues, which we should discuss at the national level, seem to easily trigger off anger, antagonism and unpleasantness. And, our politicians constantly urge us not to raise topics that are “sensitive”. If so, can we grow without a healthy exchange of ideas? I concluded by asking if we will ever have mature discourse in our country, free from the shackles of religion and dogma. The feedback on FMT’s social media sites and on my own platforms, showed that like many issues dealing with deep-rooted beliefs, religious conviction and Malaysia’s ubiquitous ‘social contract’, my thoughts received both support and criticism. Of course, this was to be expected. - More -   Budget has ignored PH’s MoU with govt, says Ramasamy Posted by: superadmin - 10-30-2021, 11:07 AM - Forum: Politics - No Replies PETALING JAYA: The push for transformation and stability in the memorandum of understanding (MoU) between the government and Pakatan Harapan is not reflected in the 2022 budget, says DAP’s P Ramasamy. “It appears that the MOU is seen as benefiting the government more than the opposition. “It has failed to respect and honour the support given by the opposition. It has not mitigated the pernicious effects of racial and religious extremism,” he said in a statement today. The Penang deputy chief minister said he had hoped that with the establishment of various committees and a good working relationship between the government and the opposition, the budget should have reflected the spirit and substance of the MoU. He said the government had instead taken it for granted without factoring in the element of reciprocity. - More -   Electric vehicle tax exemptions swell, but consider public charging bays too Posted by: superadmin - 10-30-2021, 10:50 AM - Forum: Business. Economy and Investment - No Replies Budget 2022: electric vehicle tax exemptions swell, but consider public charging bays too KUALA LUMPUR – The government is set to provide tax exemptions for electric vehicles (EVs) under Budget 2022. During the tabling of Budget 2022 yesterday, Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz acknowledged the potential of EVs to reduce air pollution. “Thus, to support the development of the local EV industry, the government agrees to implement exemptions towards import duties, excise duties, and sales tax for EVs.” Additionally, he announced 100% road tax exemptions for these vehicles. He said tax exemptions up to RM2,500 will be given to individuals for the cost of purchasing, installing, and renting facilities to charge EVs. The move by the government to recognise the future of EVs in the automotive industry sat well with industry players. - More -   A RM1.3bil election carrot – but will civil servants bite? Posted by: superadmin - 10-30-2021, 10:44 AM - Forum: Politics - No Replies PETALING JAYA: Political analysts say the extra perks for civil servants in next year’s national budget indicate that the government is already thinking about their votes at the next general election. But the analysts are sceptical about whether civil servants will be swayed. The new perks announced yesterday include five additional days of unrecorded leave, and RM700 in once-off cash aid for active public servants and RM350 for retirees, at a total cost of RM1.3 billion to the government. Ahmad Fauzi Abdul Hamid of Universiti Sains Malaysia (USM) said that while the budget clearly had the next general election in mind, possibly early next year, he doubted it would be enough to sway the “independent-minded” civil servants of today. - More -   Timah and Malaysia’s low-quality MPs Posted by: superadmin - 10-30-2021, 10:30 AM - Forum: Politics - Replies (1) The PKR MP for Tangga Batu, Rusnah Aluai, earned her masters in Political Science from the London School of Economics (LSE) and not from a sekolah attap. This is why some of us are puzzled that she is confused by the Timah whisky debacle. She said the Timah brand of whisky and the imagery used are “too confusing” and should be changed. Her comments are both offensive and embarrassing. Confusing to whom? One doubts if Malays and Muslims are confused by the Timah brand of whisky or the photo on the bottle. Practising Muslims will not drink whisky whether or not they believe the name, Timah, to be confusing. Rusnah wants the photo of Captain Tristram Speedy, who is shown with a thick beard and skullcap, to be replaced with one of him wearing a hat. Have Malays ownership of the skull cap? What about people of the Jewish faith who also sport the skull cap? - More -   ‘Unease in PAS’ over PN logo spells trouble for Bersatu Posted by: superadmin - 10-30-2021, 10:17 AM - Forum: Politics - No Replies PETALING JAYA: Members of PAS are uneasy after a decision by party leaders to sanction the use of Perikatan Nasional’s logo by PAS candidates in the Melaka elections, says a party insider. The source, who declined to be named, said the uneasiness in the ranks could spell trouble for PN lynchpin Bersatu. According to the source, PN chairman Muhyiddin Yassin’s announcement that Bersatu, PAS and Gerakan would contest under the coalition’s banner caught many in PAS by surprise. Some in the Islamic party’s ranks have made their feelings known. Mohd Zuhdi Marzuki, a central committee member said the matter should be discussed by the party while PAS deputy president Tuan Ibrahim Tuan Man was more direct, saying the party should use its own logo in the polls. - More -   Everything I heard about Beijing was WRONG Posted by: superadmin - 10-29-2021, 08:05 PM - Forum: Travels - No Replies   China 'has fulfilled' WTO obligations Posted by: superadmin - 10-29-2021, 07:50 PM - Forum: Business, Economy and Investment - No Replies China should not assume responsibilities outside its commitments to the World Trade Organization (WTO), Chinese officials and WTO experts said on Thursday, noting that China acknowledges concerns raised by some of its trading partners and will further open up its economy to the world. China will take seriously questions, complaints, and even criticism raised by other WTO members, but will not accept criticism based on expectations or requirements beyond the WTO provisions, as such criticism is unreasonable and unfair, China's Vice Minister of Commerce Wang Shouwen said at a press conference on Thursday. China has already fulfilled its obligations under the WTO, and has also delivered its commitments, which has been broadly affirmed and recognized by several WTO directors-general and most WTO members, Wang said. The press conference was held to address media concerns on the latest WTO policy review in late October of China as a member. A number of WTO members including the US, the EU, Australia, Japan and India reportedly confronted China with issues of what they consider as "unfair" trade practices by China, market access and distortion. - More -   Undi18 will define the next election – Vasanthi Ramachandran Posted by: superadmin - 10-29-2021, 03:44 PM - Forum: Politics - No Replies OUR nation’s future narrative may be rewritten by 18-21 year-old voters from their laptops, tablets, and smartphones in the next election. These youths are the ones who are beginning to redraft the constitution to possibly redefine “Malaysians with an equitable identity”. In 2016, two students, Qyira Yusri and Tharma Pillai, started the Undi18 campaign to amend the federal constitution to allow those 18 to 21 years old to vote and run for public office. “I started Undi18 when I was 20. I wanted to be able to vote then, but like millions of young Malaysians I too was locked out of elections at a time when democracy matters so much,” said Tharma. This team will go down in history books, provided the story is told as it is. - More - Pages (865): « Previous 1 … 522 523 524 525 526 … 865 Next » Jump to page: