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CIMB Research: Local interest rates likely to go up about 25 basis points
DOMESTIC interest rates are likely to go up by an estimated 25 basis points (bps) in the second half of next year, CIMB Research said.
An evil that has to be abolished
At a recent colloquium to discuss strategies to fight corruption in Malaysia,participants decided that the best method was to adopt a multi-pronged approach, SUHAINI AZNAM reports.
China producer prices up at fast pace
Chinese producer prices rose in the year through May at their fastest pace since before the 1997 Asian financial crisis, raising prospects of the first interest rate rise in nearly a decade.
Rally may fizzle over inflation
More signs of strong economic growth may boost stocks next week, but concerns about inflation and rising interest rates could put a damper on a summer rally before the season officially starts.
Department revising composition of CPI basket of goods
MALAYSIA will revise the basket of goods used to measure the consumer price index (CPI), the Statistics Department said on Friday.
Survey on household expenditure
The Statistics Department is conducting a nationwide survey on household expenditure from this month to May 2005 which will involve selected households being interviewed.
BoJ denies shift in monetary policy
Top officials at the Bank of Japan (BoJ) sought yesterday to quash speculation of a shift in the central bank's monetary policy, saying deflation has yet to be eradicated.
BoJ: No plans to alter credit policy
B>TOKYO:/BBank of Japan governor Toshihiko Fukui said yesterday the central bank is not even discussing at this point altering its current credit policy framework.
US blue chip prices end higher
US blue chips ended slightly higher while the Nasdaq retreated on Friday, as worries about oil prices at 21-year highs and rising interest rates tempered positive earnings and economic data that underscored the economy's strength.
Surge of support for Sonia as PM
Sonia Gandhi looked certain yesterday to become the next Indian prime minister following a surge of support for her from her Congress party and its key allies.
