Economy

Malaysia’s inflation rate rises 2.9pc in Oct due to rising fuel, utilities prices

Kuala Lumpur, Malaysia’s inflation rate, as measured by Consumer Price Index (CPI), rose 2.9 percent in October 2021 from a year earlier due to rising fuel and utilities prices, official data showed. The increment was mainly due to a double-digit increase of 11.3 percent in the transport group, the Department of Statistics Malaysia (DOSM) said …

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Co-operative petrol pumps refuse to fill petrol to cars of MLAs

Puducherry, Co-operative petrol pumps here on Saturday refused to fill petrol to the cars of legislators following huge arrears to clear from the government side. It may be noted that the legislators fill petrol for their cars on credit from the co-operative petrol pumps. Confed and Amudhasurabhi petrol pumps are supplying petrol/diesel to the legislators …

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Japan mulls releasing oil reserves to respond to increasing prices: Reports

Tokyo, The Japanese government is considering to release crude oil reserves to curb the oil prices growth, citing sources. Previously, Japan resorted to this measure only in case of natural calamities or disruptions in overseas supplies caused by unstable political situation. Consequently, the step is being considered as a tool of stabilizing the prices for …

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Turkish Lira hits new historical low against US Dollar three days in row

Ankara, The Turkish currency slipped to a new all-time low of around 10 liras for one US dollar on Friday, reaching historic minimum three days in a row, according to the trading data. The Turkish currency has been on the decline since Wednesday after US inflation was reported to have surged to its highest rate …

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