Latest news with #MTI
CNA
16 hours ago
- Business
- CNA
Singapore's core inflation rises 0.6% in June, lower than poll forecast
SINGAPORE: Singapore's key consumer price gauge rose 0.6 per cent in June from a year earlier, official data showed on Wednesday (Jul 23), lower than economists' forecasts. The core inflation rate, which excludes private road transport and accommodation costs, compared with a forecast of 0.7 per cent in a Reuters poll of economists. Higher inflation in retail and other goods was offset by lower inflation in all other major core consumer price index categories, said the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI). The core inflation rate in June was identical to that in May. Meanwhile, headline inflation was 0.8 per cent in annual terms in June, lower than economists' forecast of 0.9 per cent. It was also unchanged from May. Apart from core inflation remaining unchanged, higher transport inflation was offset by lower accommodation inflation, said MAS and MTI. MAS and MTI expect Singapore's imported inflation to remain "moderate" as global crude oil prices have eased and food commodity price increases should remain contained. "Although the ongoing trade conflicts could be inflationary for some economies, their impact on Singapore's import prices is likely to be offset by the disinflationary drags exerted by weaker global demand," they said. Domestically, unit labour costs are "projected to rise gradually" as nominal wage growth continues to ease, even as productivity increases. Enhanced government subsidies for essential services such as public healthcare, preschool education and public transport will also continue to dampen services inflation, according to MAS and MTI.
Straits Times
16 hours ago
- Business
- Straits Times
Core inflation stays unchanged in June but uncertainties to inflation remain high: MAS and MTI
Find out what's new on ST website and app. Core inflation had climbed to 0.7 per cent in April from a four-year low of 0.5 per cent in March. SINGAPORE - Core inflation was unchanged in June , coming in at 0.6 per cent year on year as higher prices of retail and other goods were offset by lower inflation in categories such as food and services. Core inflation had climbed to 0.7 per cent in April from a four-year low of 0.5 per cent in March. The Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) said in their joint report on July 23 that core prices fell by 0.1 per cent month on month in June, after staying unchanged in May. Core inflation excludes private transport and accommodation costs to better reflect the expenses of households here. Overall – or headline – inflation was also unchanged from May at 0.8 per cent year on year in June as higher private transport prices were offset by a smaller increase in accommodation inflation, MAS and MTI noted. Both the core and overall inflation readings were lower than the forecasts by economists in a Bloomberg poll. Economists had expected 0.7 per cent for core and 0.9 per cent for overall inflation. Two consumer price index categories registered higher inflation – for retail and other goods, and private transport. Top stories Swipe. Select. Stay informed. Singapore S'pore's domestic recycling rate drops to all time low of 11% Singapore HDB launches 10,209 BTO and balance flats, as priority scheme for singles kicks in Singapore Youth Courts will take a new approach to cases, focused on underlying issues and supporting needs Life The Projector will resume daily screenings at Golden Mile Tower. Is its Cineleisure exit next? Singapore Ex-Tanjong Pagar United footballer charged with assault after Jurong East Stadium match Business Singapore's digital banks finding their niche in areas like SMEs as they narrow losses in 2024 Asia Japan Prime Minister Ishiba to resign by August, Mainichi newspaper reports Life New Pokemon theme park to open in Japan in early 2026 Retail and other goods inflation picked up in June, registering at zero per cent after falling 1 per cent in May and 1.2 per cent in April. This was mainly due to higher prices of clothing and footwear. Private transport inflation rose 2 per cent year on year on year in June, after a 1.1 per cent increase in May and a 1.3 per cent increase in April. The increase was fuelled by a steeper rise in car prices and a slower pace of decline in petrol prices. Other CPI categories either registered lower prices or a slower pace of inflation. A decline in electricity prices meant that electricity and gas inflation fell further, down 3.9 per cent year on year in June, following a 3.7 per cent decline in May. Food inflation eased to 1 per cent in June from 1.1 per cent in May, as the prices of food services and non-cooked food rose at a slower pace. Similarly, a smaller increase in housing rents resulted in lower accommodation inflation, which rose 1 per cent year on year in June compared to 1.1 per cent in May. Services inflation fell 0.7 per cent in June from 1.1 per cent in May due to a steeper decline in holiday expenses, airfares and the cost of information and communication services. The MAS and MTI said that Singapore's imported inflation should remain moderate as global crude oil prices have eased in recent weeks. The increases in food commodity prices should also be contained, they noted. They reiterated their statement in June that although the ongoing trade conflicts could be inflationary for some economies, their impact on Singapore's import prices is likely to be offset by the disinflationary drags from weaker global demand. MAS and MTI left unchanged their forecasts for core and overall inflation to average 0.5 per cent to 1.5 per cent in 2025 but said that 'the uncertainties to inflation remain high amid the increased risks in the external environment'. The ministries had said in June that 'the uncertainties to inflation have risen amid the increased risks in the external environment'.
Yahoo
a day ago
- Business
- Yahoo
Minerals Technologies Inc. Releases 2024 Sustainability Report
--- Achieved 11 out of 12 environmental targets a year ahead of goal --- --- Reduced Scope 1 emissions by 14% and Scope 2 emissions by 10% year over year --- --- Delivered world-class safety performance --- --- 66% of new products have a sustainable profile --- NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) ('MTI'), a leading, technology-driven specialty minerals company, today announced the publication of its 17th annual Sustainability Report to highlight its environmental, safety, and community achievements. 'Sustainable operations have never been a nice-to-have for MTI – they are a must-have. This ethos has underpinned how we manage our sites, interact with our people, and develop new products,' said Douglas T. Dietrich, Chairman and Chief Executive Officer. 'I am incredibly proud of our progress, including surpassing nearly all of our environmental targets, our employees' dedication to supporting their communities and ensuring workplace safety, and the large portfolio of innovative solutions we develop to help our customers meet their own sustainability goals. This is a win-win for MTI's continued growth, our customers, and the planet.' Sustainability Report Highlights In 2024, we: Delivered a world-class safety performance, as defined by the U.S. Occupational Safety and Health Administration (OSHA), with a total recordable injury rate of 0.77 and lost workday injury rate of 0.15; Achieved 11 out of 12 of the company's environmental goals, which were set in 2018, one year ahead of the 2025 target year; Reduced Scope 1 emissions by 14% year over year, or 32% since 2018, including a ~70% reduction in coal usage; Reduced Scope 2 emissions by 10% year over year, or 36% since 2018; Continued to reduce water usage with a 4% decrease in water withdrawn year over year, or 30% since 2018, and a 13% decrease in water discharge year over year, or 52% since 2018; Extracted over 1.1 million metric tons of waste CO2 from customers' and MTI exhaust stacks and sequestered those emissions in usable consumer products; Deployed AI-enabled technology in our mining operations, enhancing operational safety and sustainability; and Supported customers in achieving their environmental and operational goals, with 66% of MTI's new products having a sustainable profile ranging from natural solutions to emissions and waste reduction, to pollution prevention, to filtration and mitigation products. In addition, MTI's employees worldwide participated in an array of community engagement projects including fundraisers, book donations, beach and neighborhood clean-ups, and water filtration unit installations in underserved communities. The full Sustainability Report is available on MTI's website at About Minerals Technologies Inc. Minerals Technologies Inc. is a leading, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems, and services. MTI globally serves a wide range of consumer and industrial markets, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental. The company reported global sales of $2.1 billion in 2024. For further information, please visit our website at Investor Relations ContactLydia Media ContactStephanie in to access your portfolio
Associated Press
a day ago
- Business
- Associated Press
Minerals Technologies Inc. Releases 2024 Sustainability Report
--- Achieved 11 out of 12 environmental targets a year ahead of goal --- --- Reduced Scope 1 emissions by 14% and Scope 2 emissions by 10% year over year --- --- Delivered world-class safety performance --- --- 66% of new products have a sustainable profile --- NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) ('MTI'), a leading, technology-driven specialty minerals company, today announced the publication of its 17th annual Sustainability Report to highlight its environmental, safety, and community achievements. 'Sustainable operations have never been a nice-to-have for MTI – they are a must-have. This ethos has underpinned how we manage our sites, interact with our people, and develop new products,' said Douglas T. Dietrich, Chairman and Chief Executive Officer. 'I am incredibly proud of our progress, including surpassing nearly all of our environmental targets, our employees' dedication to supporting their communities and ensuring workplace safety, and the large portfolio of innovative solutions we develop to help our customers meet their own sustainability goals. This is a win-win for MTI's continued growth, our customers, and the planet.' Sustainability Report Highlights In 2024, we: In addition, MTI's employees worldwide participated in an array of community engagement projects including fundraisers, book donations, beach and neighborhood clean-ups, and water filtration unit installations in underserved communities. The full Sustainability Report is available on MTI's website at About Minerals Technologies Inc. Minerals Technologies Inc. is a leading, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems, and services. MTI globally serves a wide range of consumer and industrial markets, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental. The company reported global sales of $2.1 billion in 2024. For further information, please visit our website at Investor Relations Contact Lydia Kopylova [email protected] Media Contact Stephanie Heise [email protected]
Budapest Times
2 days ago
- Politics
- Budapest Times
Menczer: Brussels is keeping silent on the case of József Sebestyén
Tamás Menczer, the communications director of ruling Fidesz, said in a Facebook post on Sunday that Brussels is keeping silent on the case of József Sebestyén, who was 'beaten to death' in Ukraine, because 'Weber and von der Leyen want to bring Ukraine into the European Union.' According to MTI , Menczer said both Weber and Von der Leyen know that a country where 'a man is beaten to death during forced conscription cannot access the European Union'. 'Such a country has nothing to do with the European Union. Such a country is so far from the European Union that it is impossible to put into words,' he said. 'We will not let this go. We know who is responsible; they must be put on the EU sanctions list immediately! We have already banned them from Hungary,' the communications director of Fidesz-KDNP said.
