Kuala Lumpur: Malaysia’s Consumer Price Index (CPI) in December 2021 increased 3.2 per cent to 124.5 as against 120.6 in the same month of the preceding year due to the rise in food and fuels prices, said the Department of Statistics Malaysia (DOSM).

WASHINGTON: A group of 141 Democratic and Republican lawmakers have urged President Joe Biden’s top trade official to allow broader exemptions to the tariffs on Chinese goods paid by US firms.

PARIS: Airbus has taken the extraordinary step of cancelling a multi-billion-dollar order of 50 planes from Qatar Airways, a major customer, in an escalating feud over the airline’s grounding of A350 aircraft.

Kuala Lumpur: The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has kept the overnight policy rate (OPR) unchanged at 1.75 per cent on the view that the global economy continues to recover, supported by manufacturing and trade activity.

Kuala Lumpur: Government intervention may be necessary to ease the cost pressure on the property development industry to ensure that house prices remain stable, said the Real Estate and Housing Developers Association (REHDA) Institute.

BEIJING: China further reduced bank lending costs Thursday in the latest move to boost its stuttering economy, providing some much-needed support to the country’s beleaguered developers.

Kuala Lumpur: The Brent crude price continued with its uptrend to close near US$89 (US$1=RM4.19) per barrel amid possible supply disruption following the latest unrest in the Middle East.

LONDON: British annual inflation accelerated to a near 30-year high in December, official data showed Wednesday, stoking fears over a cost of living squeeze as wages fail to keep pace.

Kuala Lumpur: The Malaysian Aviation Commission (Mavcom) has approved 27 Air Traffic Rights (ATR) out of the 28 applications submitted in the fourth quarter of 2021, which is a 33.3 per cent jump in applications and a 28.6 per cent increase in approvals compared with the third quarter of 2021.

WASHINGTON: The chief executives of America’s largest airlines warned of a “catastrophic disruption” to travel and shipping operations if telecommunication firms roll out their 5G technology as planned Wednesday without limiting the technology near US airports.