Malaysia’s labour market may see softer recovery going forward, in view of rising risks to its outlook over the next six to 12 months due to a potential global recession associated with tighter monetary policy, energy crisis triggered by the Russia-Ukraine war, and China’s Covid-19 zero policy.
Malaysia's headline inflation rate, as measured by the consumer price index, eased for the first time in six months to 4.5% year-on-year in September, compared to 4.7% in August 2022.
The sterling’s crunch, invoked by Britain’s mini budget, which initially proposed a tax break for the rich, might have raised concerns among Malaysians, whose government will be tabling the National Budget 2023 on Friday (Oct 7), amid the backdrop of a weakening ringgit.
Parliament will reconvene on Monday for its final sitting of the year as analysts study the tabling of the 2023 budget later in the week for clues on when the next general election may be called, according to a report
KUALA LUMPUR (Sept 23) : Malaysia’s inflation may have peaked in August as the impact of price adjustments for various price-administered items and minimum wage hikes could have been fully reflected since May, said economists.