CostPressures

MAS keeps currency policy unchanged to fight elevated inflation

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[ SINGAPORE: Singapore’s central bank has kept unchanged its monetary policy stance aimed at strengthening the trade-weighted Singapore dollar to fight still-elevated inflation. The Monetary Authority of Singapore (MAS) said yesterday that it would maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate policy band, with no change to the … Read more

More small businesses upbeat about 2024

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[ PETALING JAYA: Micro, small and medium enterprises (MSMEs) are anticipating improved business and economic prospects in the second half of 2024 (2H24) compared with 1H24 amid concerns about reduced consumer purchasing power, persistent cost pressures and the weak ringgit. These were among the findings of the biannual Malaysia’s Business and Economic Conditions Survey conducted … Read more