News
My mortgage costs have tripled since Covid " I reached breaking point
3+ hour ago (815+ words) I was at breaking point. I was having panic attacks, struggling to sleep, and feeling like I was failing my children," said Lisa Lealman. Earlier this year, Ms Lealman, her husband, and her four adult children were facing eviction from…...
Just how much trouble is Canada's economy in?
3+ day, 12+ hour ago (1320+ words) Prime Minister Mark Carney has promised to reboot Canada's economy, building it into the "strongest in the G7". He has spent weeks travelling overseas in the last year seeking to drum up business interest in Canada as an investment destination. But…...
Govt rolls out RM710m package, RM10b guarantees to cushion job losses and support SMEs
5+ day, 7+ hour ago (485+ words) KUALA LUMPUR, June 25 " The government has rolled out a RM710 million labour market resilience package alongside RM10 billion in SME financing guarantees to cushion job losses and support businesses amid global economic uncertainty, including energy price pressures and supply chain disruptions, Economy…...
Chip giant MKS pours RM400m into Penang plant, creates 1, 000 high-value jobs
1+ week, 3+ day ago (636+ words) SEBERANG PERAI, June 20 " Global semiconductor technology company MKS Inc today invested more than RM400 million to establish a new Super Center Factory in Penang. Penang Chief Minister Chow Kon Yeow said the facility at Bandar Cassia Technology Park marked a significant…...
Brace for impact: Malaysian retailers warn worst price increases still coming as US-Iran war festers
2+ week, 4+ day ago (562+ words) KUALA LUMPUR, June 12 " Malaysian consumers, already weathering months of relentless price hikes, face a sobering warning: the worst may yet be coming. According to the latest industry report from Retail Group Malaysia (RGM), a fresh wave of retail price increases…...
The next wealth boom: Emerging markets to add $12 trillion by 2030
1+ mon, 20+ hour ago (828+ words) The official story of 2025 was a banner year for the world's fortunes. Global financial wealth rose 10. 7% to a record $333 trillion, the fastest expansion since 2021, according to Boston Consulting Group's latest Global Wealth Report. North America and Western Europe still hold…...
Monetarism" Is Confirmation That Economists Never Got The Joke
1+ mon, 5+ day ago (251+ words) There's a George Will column somewhere that says if you want to make God laugh, tell him your plans. Economists seemingly never got the joke. That's because production itself is the 100% certain signal that there's sufficient money. It's always where…...
One shock away from crisis: Report says nearly a fifth of PPR households have no savings, over half can last only three months or less
1+ mon, 6+ day ago (581+ words) KUALA LUMPUR, May 24 Public housing in Malaysia, originally designed as short-term shelter for the urban poor, now risks keeping its tenants for far longer than intended, according to a recent Think City study. The report found that almost three-quarters of…...
Malaysia defies global slump with 5. 4pc Q1 GDP growth
1+ mon, 2+ week ago (329+ words) KUALA LUMPUR, May 15 " The Malaysian economy recorded a firm growth of 5. 4 per cent in the first quarter of 2026, driven by strong domestic demand and a continued surge in electrical and electronics (E&E) exports, Bank Negara Malaysia (BNM) announced today. While…...
World Bank warns Malaysia's top firms failing to scale or innovate, fuelling underemployment
1+ mon, 2+ week ago (177+ words) KUALA LUMPUR, May 14 " Malaysia's top frontier firms have either failed to scale up or not innovated enough, hampering competitiveness and the creation of high-paying jobs, leading to underemployment concerns, according to the World Bank. The warning comes as the bank…...