Many Japanese suppliers face price cut requests from clients: Survey
If such companies remain unable to pass the higher costs on to their clients, they would not be able to raise salaries for their workers.
If such companies remain unable to pass the higher costs on to their clients, they would not be able to raise salaries for their workers.
Last week, current World Bank President Malpass said he would step down nearly a year early, ending a tenure that was clouded by questions over his climate stance.
He vowed to support the expansion of exports in 12 sectors, including nuclear power, agriculture, fishery products, content and biotech.
The Malaysian PM also said insufficient EPF savings require attention as the country moves towards an ageing nation status.
With the soaring inflation rate in recent times, the importance of effective public food distribution cannot be emphasised enough.
On February 21, the Philippines became the last signatory member to ratify the trade pact, involving 15 economies in the Asia-Pacific region.
The Malaysian Chinese Association president also noted that chicken and egg prices are only expected to be floated after June 30.
Despite increased expenses, local firms are reluctant to raise soju prices just yet, as backlash is expected to follow a second consecutive year of price hikes.
The premier further said that federal ministers would also travel in economy when undertaking domestic travel or going abroad.
Finance Minister Ishaq Dar had said earlier this year that the country’s foreign reserves situation would be “much better than you can think” by end-June.