Price of petrol diesel to decrease

- A + A PUTRAJAYA (June 27): The government is willing to bear the projected huge subsidy totalling RM77.3 billion for this year towards stabilising the prices of goods and avoiding high inflation rates of up to 11.4%, says Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said the government had a choice of removing subsidies and strengthening the country’s finances to a better level, but it chose to bear the subsidies instead for the welfare and well-being of the people. Mustapa said the announcement on June 24 by Prime Minister Datuk Seri Ismail Sabri Yaakob of no increase in the water and electricity tariffs, and the chicken price not being floated showed the government’s caring side and commitment to maintaining the subsidies. Referring to the projected consumer subsidy expenditure amounting to RM77.3 billion for 2022, he said RM51 billion of it made up the biggest component of fuel, cooking oil, electricity, water, chicken … [Read more...] about Govt continues giving subsidies to stabilise prices, avoid high inflation

Share to Twitter Share to Linkedin Changes in demand caused by the pandemic were, of course, a big part of the house price boom but two years of falling mortgage rates was the main reason house prices skyrocketed in 2020 and 2021. Rates fell from 4.9% in November 2018 to 2.7% in January 2021, the lowest rate ever on 30-year fixed-rate mortgages. Is there a sector of the economy that is more sensitive to changes in interest rates than buying houses? When you borrow 95% of the price of the largest purchase of your life for 30 years, interest rates have a huge impact on how much you can pay for a house and, therefore, on house prices in general. In January 2021, you could borrow 32% more money to buy a house than you could in November 2018 with the exact same monthly principal and interest mortgage payment. House buyers, both investors and live-in buyers, could borrow a lot more money with the same payment, so naturally, over time, they bid up house prices. … [Read more...] about 3 Possible Solutions To Housing Booms And Busts

- A + A KUALA LUMPUR (June 28): The ringgit opened broadly higher against the US dollar on Tuesday morning (June 28) as risk appetite for the local currency strengthened following the positive revision of Malaysia’s long-term sovereign credit ratings outlook by S&P Global Ratings (S&P). At 9am, the local currency had risen to 4.3960/4000 against the greenback from 4.4030/4060 at 6pm on Monday. “This improvement (the positive revision) surely strengthened investors’ sentiment and confidence in Malaysia’s economy,” an analyst told Bernama. In its latest report on Malaysia, S&P foresees the country’s gross domestic product (GDP) growth at 6.1% in 2022 and 5% in 2023. The steady growth momentum is supported by high commodity prices, strong exports and domestic demand with the reopening of the economy. Additionally, S&P affirmed the "A-" rating for long-term and "A-2" for short-term foreign currency sovereign credit ratings, as well as Malaysia’s … [Read more...] about Better rating revision lifts ringgit in early trade

Share to Twitter Share to Linkedin Glastonbury is in the air with both the record-breaking youngest ever headliner, Billie Eilish, and the oldest, Sir Paul McCartney, taking to the stage. Festival goers have splashed the cash on tickets, transport and tents; all of which might paint a picture of positivity when it comes to the UK’s finances. The reality is much more off-key. Consumer confidence is now at its lowest level for years as many face a cost-of-living crisis, with essentials such as food and fuel prices continuing to spiral. GfK data confirms this. The data company's monthly index which ‘checks the temperature’ of consumer confidence decreased by one point , to -41, in June and a record low. The survey which has been running for over forty years, asks consumers how they feel about personal finances and the UK economy. Despite covering past periods of recession and hardship, today’s consumers say they are feeling financial pain like … [Read more...] about Brits Enjoy Summer Of Festivals & Travel Before Increased Economic Worries

Let's face it. Being an entrepreneur is a difficult job. And in this high-risk, high-reward profession, you must develop strategies to deal with stress . You must find ways to keep your energy high and reduce daily anxiety . And if you're like me, running a business is only part of your life responsibilities. That's why finding work-life balance and keeping your body and mind feeling great is essential. This is especially true when you're trying to raise children, maintain a relationship with your spouse, and make time for friends and family. But for some time, I thought I was immune to these difficulties. However, earlier this year I started to feel different about my business. It wasn't fun anymore. I was exhausted all the time. I constantly felt on edge. I call it the business burnout . And between the diaper changing, starting two new companies, and purchasing a new house, it was hitting me hard. I was so stressed that even responding to emails … [Read more...] about This All-Natural Stress Reliever and Energy Source Will Jump-start Your Productivity

Even as cases of Covid-19 spike around the U.S. -- with the number of daily reported cases up some 49 percent in the past two weeks, according to Johns Hopkins -- business leaders are asking their employees to return to the office in the fall. Those employees are feeling anxiety. According to The Wall Street Journal , a survey of 300 adults -- conducted before the recent surge in cases -- who worked from home during the pandemic found that a whopping 82 percent of respondents were feeling anxious about returning to the office -- fearing a loss of the autonomy they've enjoyed while working from home. Business leaders are likely to pay the price for requiring their workers to return to the office. How so? The Journal reports on a follow-up survey that found this anxiety "decreases employees' work engagement, while increasing their intentions to quit." These feelings apply for all workers regardless of "gender, income, relationship status, when people will … [Read more...] about 3 Things Business Leaders Must Do to Relieve Return-to-Office Anxiety

Rama Steel Tubes: Nomura Singapore buys 1 lakh shares in Rama Steel Tubes. Nomura Singapore bought 1 lakh equity shares in the company via open market transactions on June 15. These shares were acquired at an average price of Rs 371 per share. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sharekhan's research report on Tata Consumer Products TCPL achieved significant success in its transformation journey by expanding its distribution reach, recording market share gains in core categories, accelerating growth in key businesses, continued innovation momentum, and expanding in new categories. Operating performance was stable in FY2022 with revenue growing by 7% and operating profit growing by 11% (with 53 bps expansion in OPM); FCF to EBITDA improved to 100% with strong cash kitty of Rs. 2,600 crore on books; Working capital days … [Read more...] about Buy Tata Consumer Products; target of Rs 960: Sharekhan