tags - Sinar Daily

The city's housing crisis has been simmering for years, with construction of units lagging behind a growing population. - 123RF Photo

BNPL is a type of short-term financing that allows consumers to make purchases and pay for them at a future date, often interest-free. The existing arrangement does not really look into the consumers’ credit ratings or BNPL providers running a thorough credit check.

Pegging Ringgit Malaysia (RM) can overcome inflation, but it will not work in the longer term, say experts. Illustration photo: 123RF

In a report on the global debt themed "A threat to government fiscal stability”, it said a weaker economy with higher inflation and interest rates would jeopardise government fiscal space and revenue sources. - AFP pic

The company said it was seeking to restructure in a way that would maximise value for all stakeholders, and said it had $167 million of cash available to meet urgent needs in the meantime. Illustration photo.

At 9am, the local currency edged up to 4.4350/4390 versus the greenback from Wednesday's close of 4.4360/4385.

Veteran US investor Jim Rogers says recession may have already arrived considering the soaring inflation and high-interest rates.Pic sourced from marketwatch

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)

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.

Economists said an increase in interest rate is inevitable due to skyrocketing prices of food and goods at the moment which has become the main bone of contention among Malaysians. - Photo: BERNAMA