The Bank of Russia unexpectedly maintained its key interest rate at a record-high 21% , defying analysts’ expectations of another significant hike as inflation remains stubbornly elevated. The decision marks a shift toward a more measured approach in balancing economic growth and price stability. Key Details Inflation Concerns: Annual inflation climbed to 8.9% in November, well above the central bank’s 4% target , with inflation expectations reaching 13.9% in December. Policy Rationale: The central bank cited the significant tightening of monetary conditions after October’s 200-basis point hike as sufficient to resume disinflationary processes. Governor Elvira Nabiullina emphasized avoiding both economic overheating and severe slowdowns. Economic Overheating: Elevated government spending on the war in Ukraine and social programs, coupled with labor shortages and rising wages, have fueled strong domestic demand, exacerbating price pressures...
Source: The Malaysian Insider
KULA LUMPUR (Jan 4): Mara Digital will open new Bumiputera-only ICT stores in Damansara and Shah Alam by June, Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob says today.
“I don’t think we need to wait any further because we are confident that Mara Digital can be part of the healthy competition.
“By offering quality products, good service and good prices, I believe opening more stores in other places will not be a problem,” the minister told reporters after a visit to Mara Digital in Kuala Lumpur today.
He said the new digital store in Damansara was expected to open in March or April but did not give the location.
Mara Digital was opened last month at the headquarters of the federal agency tasked with empowering the economic and social development of rural areas.
It came about following fighting at popular digital mall Low Yat Plaza in Bukit Bintang last July, where a handphone theft sparked racially charged brawls.
When asked about need for another ICT mall in Shah Alam and competition faced by Anggerik Mall which near Plaza Alam Sentral, Ismail said it did not matter as long as consumers would benefit from the competition.
“I think more competition is good for the consumers. As a minister in charge of consumer affairs before, the more competition, the better for the end users.
“With competition, traders will compete to give their best services.
“Traders will compete to provide the lowest price, compete to provide the best quality products for end users.”
Ismail also slammed certain parties for linking the lower prices offered by Mara Digital traders to counterfeit goods.
He said a majority of the traders obtained their goods from WGN Scan Sdn Bhd that would ensure the authenticity of the products.
He also said the Domestic Trade, Cooperatives and Consumerism Ministry has also set up a complaint centre at Mara Digital outlets to deal with such complaints.
“I have said the tagline here is ‘authentic and genuine’ so we must stick to that. We cannot have counterfeit goods here.
“The complaint centre will work with the ministry to monitor the sale of counterfeit goods.
“It is not that to attract customers and sell at cheap prices we must resort to selling fake goods.” he said.
KULA LUMPUR (Jan 4): Mara Digital will open new Bumiputera-only ICT stores in Damansara and Shah Alam by June, Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob says today.
“I don’t think we need to wait any further because we are confident that Mara Digital can be part of the healthy competition.
“By offering quality products, good service and good prices, I believe opening more stores in other places will not be a problem,” the minister told reporters after a visit to Mara Digital in Kuala Lumpur today.
He said the new digital store in Damansara was expected to open in March or April but did not give the location.
Mara Digital was opened last month at the headquarters of the federal agency tasked with empowering the economic and social development of rural areas.
It came about following fighting at popular digital mall Low Yat Plaza in Bukit Bintang last July, where a handphone theft sparked racially charged brawls.
When asked about need for another ICT mall in Shah Alam and competition faced by Anggerik Mall which near Plaza Alam Sentral, Ismail said it did not matter as long as consumers would benefit from the competition.
“I think more competition is good for the consumers. As a minister in charge of consumer affairs before, the more competition, the better for the end users.
“With competition, traders will compete to give their best services.
“Traders will compete to provide the lowest price, compete to provide the best quality products for end users.”
Ismail also slammed certain parties for linking the lower prices offered by Mara Digital traders to counterfeit goods.
He said a majority of the traders obtained their goods from WGN Scan Sdn Bhd that would ensure the authenticity of the products.
He also said the Domestic Trade, Cooperatives and Consumerism Ministry has also set up a complaint centre at Mara Digital outlets to deal with such complaints.
“I have said the tagline here is ‘authentic and genuine’ so we must stick to that. We cannot have counterfeit goods here.
“The complaint centre will work with the ministry to monitor the sale of counterfeit goods.
“It is not that to attract customers and sell at cheap prices we must resort to selling fake goods.” he said.
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