tags - Sinar Daily

S&P Global report says the situation is worsened by Russia’s invasion of Ukraine causing fertiliser shortages, export controls, global trade disruption, and escalating fuel and transport costs behind rising prices.

Federation of Malaysian Manufacturers president Tan Sri Soh Thian Lai - Photo: BERNAMA

Paying more for food and basic necessities has translated to higher household spending and dwindling savings.

Finance Minister Tengku Zafrul Aziz says failure to meet debt obligations was a major risk for countries in the event of a global recession but it was not a risk for Malaysia.

A labourer sleeps on a handcart in front of closed shops in Colombo on April 28, 2022, following a one-day general strike called by trade unions in support of calls for President Gotabaya Rajapaksa to resign over the worsening economic crisis. - AFP

CHERNIHIV, UKRAINE - APRIL 9: A view of a residential building destroyed as a result of shellfire a few weeks ago, on April 9, 2022 in Chernihiv, Ukraine. (Source Soro Anastasia Vlasova)

The traffic situation at the Sungai Besi Toll Plaza on April 2 this year round 3pm. (Source: BERNAMA)

The Culture, Arts and Tourism Ministry expects Malaysia to receive 8 million tourists by year-end bringing in 2 million visitors. (Source: BERNAMA)

Photo for representational purpose only - BERNAMA