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BEIJING: China’s factory deflation deepened in September due to slowing economic growth and the comparison with faster rises a year ago, even as the surge in pork prices drove consumer inflation higher.
CHINA, the US, Germany and Britain remain “top dogs” on investor's watchlist, but with one revision: Turkey decided to launch a military offensive against Kurds, thus shifting the centre of attention to themselves.
KUALA LUMPUR: The government needs to diversify and increase its revenue resources, including widening coverage of the sales and services tax (SST) to rebuild fiscal buffers, says the World Bank Group.
PETALING JAYA: Consumers will likely feel some pinch should global oil price remains high following the implementation of the targeted fuel subsidy scheme next year, said Socio-Economic Research Centre (SERC) executive director Lee Heng Guie.
KUALA LUMPUR: Higher food prices pushed the Consumer Price Index (CPI) in Kuala Lumpur, Penang, Selangor and Putrajaya and Perak above the national inflation rate in August, according to the Statistics Department.
SINGAPORE: Asia’s oil-reliant economies could take a hit if crude prices remain higher, with potential fallout for Singapore as well in the form of inflation, said analysts.
The massive drone strike on the world’s largest crude-processing facility operated by Saudi Arabia’s Aramco has global ramifications, particularly for countries in Asia.
Merely controlling the cost of healthcare products and services will not achieve affordable healthcare as there are multiple factors in play.
BEIJING: Soaring pork prices in China are already pushing up headline inflation and have become a political issue, but for now they’re unlikely to prevent the central bank from pursuing easier monetary policy.
JAKARTA: Indonesia’s annual inflation rate accelerated in August to the highest since December 2017, but remained within the central bank’s target range and close to expectations, data from the statistics bureau showed.