Malaysia Central Bank Cuts Growth Forecast on Tariff Volatility
Bank Negara Malaysia now sees the economy expanding within the range of 4% to 4.8%, lower than its previous forecast of 4.5% to 5.5%. It also trimmed its inflation forecast this year to 1.5% to 2.3%, from 2% to 3.5%, amid a moderation in cost and demand outlook.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
BLD Plantation Bhd Full Year 2025 Earnings: EPS: RM0.68 (vs RM0.31 in FY 2024)
BLD Plantation Bhd (KLSE:BLDPLNT) Full Year 2025 Results Key Financial Results Revenue: RM1.76b (up 2.7% from FY 2024). Net income: RM63.7m (up 121% from FY 2024). Profit margin: 3.6% (up from 1.7% in FY 2024). EPS: RM0.68 (up from RM0.31 in FY 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period BLD Plantation Bhd shares are down 2.0% from a week ago. Risk Analysis It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with BLD Plantation Bhd, and understanding them should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18 minutes ago
- Yahoo
Who is Erika McEntarfer, the Bureau of Labor Statistics commissioner fired by Trump?
WASHINGTON (AP) — The head of the agency that compiles the closely watched monthly jobs report usually toils in obscurity, but on Friday, the current holder of that job was loudly fired by the president of the United States. Erika McEntarfer, a longtime government employee, bore the brunt of President Donald Trump's unhappiness with Friday's jobs report, which showed that hiring had slowed in July and was much less in May and June that previously estimated. He accused her without evidence of manipulating the job numbers and noted she was an appointee of President Joe Biden. McEntarfer, a longtime government worker who had served as BLS head for a year and a half, did not immediately respond to a request for comment by The Associated Press. But her predecessor overseeing the jobs agency, former co-workers and associates have denounced the firing, warning about its repercussions and saying McEntarfer was nonpolitical in her role. Here's what to know about Erika McEntarfer: McEntarfer has a strong background on economics McEntarfer, whose research focuses on job loss, retirement, worker mobility, and wage rigidity, had previously worked at the Census Bureau's Center for Economic Studies, the Treasury Department's Office of Tax Policy and the White House Council of Economic Advisers in a nonpolitical role. She has a bachelor's degree in Social Science from Bard College and a doctoral degree in economics from Virginia Polytechnic Institute and State University. She was confirmed as BLS head on a bipartisan vote McEntarfer was nominated in 2023 to serve as BLS head, and the Senate Committee on Health, Education, Labor and Pensions recommended that her nomination go to the full Senate for a vote. She was confirmed as BLS commissioner in January 2024 on a bipartisan 86-8 Senate vote. Among the Republican senators who voted to confirm her included then-Sen. JD Vance of Ohio, who is now Trump's vice president, and then-Sen. Marco Rubio of Florida, who is now Trump's secretary of state. Before her confirmation hearing, a group called the Friends of the BLS, made up of former commissioners who served in both Democratic and Republican administrations, members of statistical associations and credentialed economists, said McEntarfer's background made her a great choice for the job. 'The many reasons to quickly confirm Dr. McEntarfer as the new BLS Commissioner all boil down to this: the agency, like the entire statistical system, is undergoing an intense, significant period of change and Dr. McEntarfer's wealth of research and statistical experience have equipped her to be the strong leader that BLS needs to meet these challenges,' Friends of the BLS wrote. Her former associates and co-workers decry her firing William Beach, who was appointed BLS commissioner in 2019 by Trump and served until 2023 during President Joe Biden's administration, called McEntarfer's firing 'groundless' and said in an X post that it 'sets a dangerous precedent and undermines the statistical mission of the Bureau.' Former Labor Department chief economist Sarah J. Glynn, who received regular briefings from McEntarfer about BLS findings, said McEntarfer was generous with her time explaining what conclusions could or couldn't be reached from the data. If the data didn't support something an administration official was saying, McEntarfer would say so, Glynn said. She also never weighed in on how the administration should present or interpret the data, Glynn said — she would simply answer questions about the data. 'She had a sterling reputation as someone who is concerned about the accuracy of the data and not someone who puts a political spin on her work,' Glynn said. Heather Boushey, a senior research fellow at Harvard University, served with McEntarfer on the White House Council of Economic Advisers and said McEntarfer never talked politics at work. 'She showed up every day to focus on the best analysis and the best approach to her field and not get political. That is what I saw from her time and again. She is brilliant and well-respected among labor economists generally,' Boushey said. 'She wasn't coming into my office to talk politics or the political implications of something. She definitely wasn't engaging on that side of things.' ___ Olson reported from New York. Associated Press writer Christopher Rugaber in Washington contributed to this report. Fatima Hussein And Alexandra Olson, The Associated Press
Associated Press
20 minutes ago
- Associated Press
Who is Erika McEntarfer, the Bureau of Labor Statistics commissioner fired by Trump?
WASHINGTON (AP) — The head of the agency that compiles the closely watched monthly jobs report usually toils in obscurity, but on Friday, the current holder of that job was loudly fired by the president of the United States. Erika McEntarfer, a longtime government employee, bore the brunt of President Donald Trump's unhappiness with Friday's jobs report, which showed that hiring had slowed in July and was much less in May and June that previously estimated. He accused her without evidence of manipulating the job numbers and noted she was an appointee of President Joe Biden. McEntarfer, a longtime government worker who had served as BLS head for a year and a half, did not immediately respond to a request for comment by The Associated Press. But her predecessor overseeing the jobs agency, former co-workers and associates have denounced the firing, warning about its repercussions and saying McEntarfer was nonpolitical in her role. Here's what to know about Erika McEntarfer: McEntarfer has a strong background on economics McEntarfer, whose research focuses on job loss, retirement, worker mobility, and wage rigidity, had previously worked at the Census Bureau's Center for Economic Studies, the Treasury Department's Office of Tax Policy and the White House Council of Economic Advisers in a nonpolitical role. She has a bachelor's degree in Social Science from Bard College and a doctoral degree in economics from Virginia Polytechnic Institute and State University. She was confirmed as BLS head on a bipartisan vote McEntarfer was nominated in 2023 to serve as BLS head, and the Senate Committee on Health, Education, Labor and Pensions recommended that her nomination go to the full Senate for a vote. She was confirmed as BLS commissioner in January 2024 on a bipartisan 86-8 Senate vote. Among the Republican senators who voted to confirm her included then-Sen. JD Vance of Ohio, who is now Trump's vice president, and then-Sen. Marco Rubio of Florida, who is now Trump's secretary of state. Before her confirmation hearing, a group called the Friends of the BLS, made up of former commissioners who served in both Democratic and Republican administrations, members of statistical associations and credentialed economists, said McEntarfer's background made her a great choice for the job. 'The many reasons to quickly confirm Dr. McEntarfer as the new BLS Commissioner all boil down to this: the agency, like the entire statistical system, is undergoing an intense, significant period of change and Dr. McEntarfer's wealth of research and statistical experience have equipped her to be the strong leader that BLS needs to meet these challenges,' Friends of the BLS wrote. Her former associates and co-workers decry her firing William Beach, who was appointed BLS commissioner in 2019 by Trump and served until 2023 during President Joe Biden's administration, called McEntarfer's firing 'groundless' and said in an X post that it 'sets a dangerous precedent and undermines the statistical mission of the Bureau.' Former Labor Department chief economist Sarah J. Glynn, who received regular briefings from McEntarfer about BLS findings, said McEntarfer was generous with her time explaining what conclusions could or couldn't be reached from the data. If the data didn't support something an administration official was saying, McEntarfer would say so, Glynn said. She also never weighed in on how the administration should present or interpret the data, Glynn said — she would simply answer questions about the data. 'She had a sterling reputation as someone who is concerned about the accuracy of the data and not someone who puts a political spin on her work,' Glynn said. Heather Boushey, a senior research fellow at Harvard University, served with McEntarfer on the White House Council of Economic Advisers and said McEntarfer never talked politics at work. 'She showed up every day to focus on the best analysis and the best approach to her field and not get political. That is what I saw from her time and again. She is brilliant and well-respected among labor economists generally,' Boushey said. 'She wasn't coming into my office to talk politics or the political implications of something. She definitely wasn't engaging on that side of things.' ___ Olson reported from New York. Associated Press writer Christopher Rugaber in Washington contributed to this report.
