Latest news with #PPI
Malaysia Sun
12 hours ago
- Business
- Malaysia Sun
Malaysia's producer price index down 3.4 pct in April
KUALA LUMPUR, May 28 (Xinhua) -- Malaysia's Producer Price Index (PPI), which measures price changes at the producer level, continued to decline by 3.4 percent in April, official data showed Wednesday. The Department of Statistics Malaysia (DOSM) said in a statement that the mining sector was the main contributor to this decline of 17.8 percent. Meanwhile, the manufacturing sector also dropped by 2.6 percent. In contrast, the agriculture, forestry and fishing sector recorded a moderate increase of 2.6 percent. The electricity and gas supply sector recorded a marginal decline of 0.6 percent, while the water supply sector registered a modest increase of 0.9 percent. On a month-on-month basis, the PPI for local production decreased by 1 percent in April.
New Straits Times
a day ago
- Business
- New Straits Times
Malaysia's PPI falls by 3.4 pct in April 2025, led by mining sector decline
KUALA LUMPUR: Malaysia's Producer Price Index (PPI), which measures price changes at the producer level, continued to decline by 3.4 per cent in April 2025, with the mining sector being the main contributor, said the Department of Statistics Malaysia (DOSM). In a statement today, chief statistician Datuk Seri Dr. Mohd Uzir Mahidin said the mining sector recorded a drop of 17.8 per cent (March 2025: -15.0 per cent), due to decreases in the extraction of crude petroleum (-19.8 per cent) and natural gas (-11.6 per cent). He noted that the manufacturing sector also posted a decline of 2.6 per cent compared to -1.8 per cent in March 2025, driven by contraction in the manufacture of coke and refined petroleum products (-15.7 per cent). In contrast, the agriculture, forestry and fishing sector recorded a moderated increase of 2.6 per cent, supported mainly by growth of the perennial crops index (5.9 per cent). The electricity and gas supply sector recorded a marginal decline of 0.6 per cent, while the water supply sector registered a modest increase of 0.9 per cent. On a month-on-month basis, the PPI local production decreased by 1.0 per cent in April 2025, as compared to a 0.6 per cent decline in March 2025. "The agriculture, forestry and fishing sector declined by 6.0 per cent, attributed to the growing of perennial crops sub-sector, which fell by 8.1 per cent," Mohd Uzir said. The mining sector also contracted by 1.2 per cent, due to a 3.6 per cent fall in the extraction of crude petroleum. At the same time, the manufacturing sector decreased by 0.5 per cent, with decreases in the manufacture of coke and refined petroleum products (-2.0 per cent) and the manufacture of food products (-1.0 per cent). However, the electricity and gas supply sector grew by 0.3 per cent, while the water supply sector recorded an increase of 1.3 per cent, he added.
The Star
a day ago
- Business
- The Star
Malaysia's PPI falls 3.4% in April 2025, led by mining sector decline
KUALA LUMPUR: Malaysia's Producer Price Index (PPI), which measures price changes at the producer level, continued to decline by 3.4 per cent in April 2025, with the mining sector being the main contributor, said the Department of Statistics Malaysia (DOSM). In a statement today, chief statistician Datuk Seri Dr. Mohd Uzir Mahidin said the mining sector recorded a drop of 17.8 per cent (March 2025: -15.0 per cent), due to decreases in the extraction of crude petroleum (-19.8 per cent) and natural gas (-11.6 per cent). He noted that the manufacturing sector also posted a decline of 2.6 per cent compared to -1.8 per cent in March 2025, driven by contraction in the manufacture of coke and refined petroleum products (-15.7 per cent). In contrast, the agriculture, forestry and fishing sector recorded a moderated increase of 2.6 per cent, supported mainly by growth of the perennial crops index (5.9 per cent). The electricity and gas supply sector recorded a marginal decline of 0.6 per cent, while the water supply sector registered a modest increase of 0.9 per cent. On a month-on-month basis, the PPI local production decreased by 1.0 per cent in April 2025, as compared to a 0.6 per cent decline in March 2025. "The agriculture, forestry and fishing sector declined by 6.0 per cent, attributed to the growing of perennial crops sub-sector, which fell by 8.1 per cent,' Mohd Uzir said. The mining sector also contracted by 1.2 per cent, due to a 3.6 per cent fall in the extraction of crude petroleum. At the same time, the manufacturing sector decreased by 0.5 per cent, with decreases in the manufacture of coke and refined petroleum products (-2.0 per cent) and the manufacture of food products (-1.0 per cent). However, the electricity and gas supply sector grew by 0.3 per cent, while the water supply sector recorded an increase of 1.3 per cent, he added. - Bernama
Daily Mirror
2 days ago
- Business
- Daily Mirror
Millions of Brits urged to check for £9,400 in lost savings - steps to take now
The PPI defines a pension as "lost" when the provider is unable to contact the saver who owns it. The recent spike in the number of lost pots has been blamed on workplace pension auto-enrolment Millions of Brits could be in with a chance of a £9,400 boost if they have one of the millions of "lost" savings pots in the UK. According to a study by the Pensions Policy Institute (PPI) charity, there are around 3.3million pension pots in the UK which are considered "lost". Collectively, these pots are believed to be worth around £31billion. This is up from £26.6billion in 2022 across 2.8 million accounts and is an increase of 60%, or nearly £12billion, since 2018. These lost pensions are now worth an average of £9,470, rising to £13,620 among those ages between 55 and 75. The PPI defines a pension as "lost" when the provider is unable to contact the saver who owns it. The recent spike in the number of lost pots has been blamed on workplace pension auto-enrolment. As workplaces enrol all workers over the age of 22 into a workplace pension, those who move jobs frequently could end up with multiple pots they may not fully be aware of. Although this has been an issue for the last few decades, now that every employer needs to offer one, it is expected to push up these figures even higher. PensionBee warns that a "national crisis" could be ahead as the total number of UK pension pots is expected to rise 130% from 106million to 243 million by 2050. Chris Blackwood, spokesperson for the Pension Attention campaign, said: 'If you can do one thing today, use the pension tracing tools to find any lost pension pots. It only takes a few clicks, and you could substantially add to your pot.' You can track down lost pension pots yourself for free by contacting ex-employers and digging out old paperwork. The Government also has a free Pension Tracing Service tool. This service allows you to enter an employer's name to find the contact details of the pension provider they use. The helpline will then provide contact details so you can get in touch. Helen Morrissey, head of retirement analysis at Hargreaves Lansdown, highlighted the urgency of tracking down a lost pot sooner rather than later, as the money could have a 'major impact' on your retirement planning. Join Money Saving Club's specialist topics For all you savvy savers and bargain hunters out there, there's a golden opportunity to stretch your pounds further. The Money Saving Club newsletter, a favourite among thousands who thrive on catching the best deals, is stepping up its game. Simply follow the link and select one or more of the following topics to get all the latest deals and advice on: Travel; Property; Pets, family and home; Personal finance; Shopping and discounts; Utilities. She noted that even the smallest pensions can grow over time, and that the pension you paid into a decade or more ago could well have grown a 'decent amount.' For example, a £10,000 pension pot would be worth more than £16,400 after 10 years if it grew at 5% per year. She said: 'This could play an important role in your retirement income. With 21% of people admitting to having lost track of a pension and a further 18% being unsure if they have, it's a major issue. The good news is that you can do something about it.'
Business Standard
2 days ago
- Business
- Business Standard
CARD91 Launches Full-Stack UPI Acquiring Switch to Power Merchant Payments at Scale
PRNewswire Bengaluru (Karnataka) [India], May 26: CARD91 is proud to announce the launch of its Full-Stack UPI Acquiring Solution to power merchant and corporate payment collections. With UPI surpassing 18 billion monthly transactions--and over 60% attributed to Person-to-Merchant (P2M) payments--acquiring has emerged as a critical driver of growth. Yet, significant gaps remain in the current ecosystem. CARD91's acquiring module within Blitz addresses these challenges head-on--offering a scalable, regulatory-compliant, and future-ready infrastructure tailored to the evolving needs of issuers and ecosystem players. Key Features of CARD91's UPI Acquiring Solution: * Seamless DIY merchant onboarding with AI-powered checks to reduce fraud and streamline the process. * Instant VPA creation and QR code generation (both static and dynamic). * Full transaction lifecycle management, including reconciliation and settlements. * Comprehensive bank and merchant portals for operational control and advanced reporting. * Bulk disbursals and collections for corporates through Netbanking. * API-first architecture, with well-documented endpoints and response codes for smooth integrations. * UPI IPO Management, enabling IPO applications via ASBA through UPI. Ajay Pandey, CEO of CARD91, remarked: "This launch represents a pivotal step in our mission to transform UPI acquiring infrastructure in India. From empowering micro-merchants to supporting corporate acquiring, our platform is built for scale, resilience, and adaptability. We are committed to enabling our partners to grow confidently in an increasingly dynamic digital payments landscape." CARD91 is certified for UPI 2.0 acquiring, supports 2000+ transactions per second, maintains ~0% technical declines, and ensures 99.99% uptime. With integrated mobile apps and web portals for merchants, and centralized UPI control centers for banks, the solution is robust, intuitive, and cloud-deployable. Whether enabling micro-merchant collections, expanding QR coverage, or launching a white-labeled merchant app, CARD91's acquiring stack is fraud-checked, compliance-ready, and built for scale. This launch further reaffirms CARD91's commitment to strengthening India's digital payments infrastructure--delivering speed, simplicity, and scale to ecosystem players committed to responsible digitization. About CARD91 CARD91 is an Issuance Platform-as-a-Service company providing unparalleled technology infrastructure to banks, prepaid license holders, and authorized dealers. The company enables them to issue various payment instruments (PPI, Credit Cards, Multi-currency Cards, UPI, and now, Credit Line on UPI) to their customers--ensuring seamless issuance and enhanced control. CARD91's support for multiple use cases aligns with its vision of making issuance seamless and swift for Issuers. With a team of 100+ professionals, CARD91 operates across key financial hubs, including Mumbai, Bangalore, Delhi, and Chennai. For more information, visit or contact sales@
