tags - Sinar Daily

BNM is expected to increase the Overnight Policy Rate OPR by another 25 basis points this year, likely in the next Monetary Policy Committee (MPC) meeting on Sept 8, said OCBC Bank.

A pedestrian walks past an electronic board displaying the Nikkei 225 index and share prices on the Tokyo Stock Exchange in Tokyo on Nov 4, 2020. (Photo by Behrouz MEHRI / AFP)

Ringgit opens higher against US dollar on risk-on mode. Illustration photo - 123RF

The weakness of the Ringgit increased the prices of goods, especially food, whose supply chain depends on imported materials. Illustration photo. Source: 123RF

Acute shortages of food and fuel, alongside lengthy electricity blackouts, have led to months of widespread anti-government demonstrations calling for President Gotabaya Rajapaksa's resignation.

Tesla office in Fremont, California. Photo: AFP

Tengku Zafrul. FILE PIX.

Moody’s Analytics says runaway inflation or decrease in value of money and increase in cost of living are at the heart of monetary tightening moves, while Russia’s invasion of Ukraine is smashing the global economy’s already snarled supply chains.

Government officials confirmed no tax will be introduced until the economy has recovered. Photo: Sinar Harian

Photo for illustration purpose only - Source: 123rf