An Opportunity to Revolutionise Education by Embracing Artificial Intelligence
Artificial Intelligence (AI) has made significant strides in recent years, with the advent of ChatGPT by OpenAI and Google’s comprehensive AI initiative. Microsoft has also introduced a new feature that allows users to share AI-powered Bing chat responses on social media platforms, including Facebook, Twitter, and Pinterest. This has raised many questions in the education industry, particularly about how AI will transform teaching and learning.
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OPR Hike, Malaysia’s Economy Growth More Resilient Than Expected
BNM raised the Overnight Policy Rate (OPR) by 25bps to 3.00%, in its third Monetary Policy Meeting of 2023. The OPR hike is against market expectations of zero change as investment houses initially believed that BNM may have missed the boat to frontload its normalisation.
However, it is possible that this could signal that Malaysia’s economic growth may be more resilient than first expected. In the Monetary Policy Statement, BNM highlighted that the global economy remains firm underpin by resilient domestic demand, strong labour market conditions and stronger-than-expected China’s economic recovery.
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‘Get Ready For The Worst,’ Malaysia Faces Post-Raya Covid Wave, Says Experts
Malaysia is facing a new wave of the Covid-19 pandemic due to Hari Raya Aidilfitri celebrations, warned experts.
The “situation is manageable” but “get ready for the worst”, Universiti Putra Malaysia associate professor of virology Chee Hui Yee…
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Against Expectations, BNM Shockingly Raises OPR By 25 Basis Points To 3%
After keeping the Overnight Policy Rate (OPR) unchanged for two consecutive meetings at 2.75%, Bank Negara Malaysia decided to increase it by 25 basis points to 3.00%. The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 3.25 percent and 2.75 percent, respectively.
The global economy continues to be driven by resilient domestic demand supported by strong labour market conditions, and a stronger-than-expected rebound of China’s economy. Nevertheless, the global economy continues to be weighed down by elevated cost pressures and higher interest rates.
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Increase Minimum Salary To Balance Income With Living Cost
The minimum wage rate in the country should be increased to balance the people’s income with the current high cost of living, said Sabah Universiti Teknologi Mara (UiTM) senior lecturer in Political Economy, Associate Prof Dr Firdausi Suffian.
He said the minimum wage rate should also be increased according to the country’s economic growth to boost economic activities, which will contribute to efforts to reduce the poverty rate in the country.
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Best-Selling Subsale Residential Properties In 4 Major M’sian Cities Revealed
iProperty.com.my revealed the best-selling subsale residential properties in the four major Malaysian states – Kuala Lumpur, Selangor, Penang, and Johor. These landed and high-rise projects recorded the highest number of transactions between July 2021 to June 2022*. These properties provide key insights into consumers’ buying preferences during a period of post-pandemic economic recovery in Malaysia. The raw transaction data is obtained from Valuation and Property Services Department (JPPH).
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Malaysia Moving Towards Net Zero 2050: RHB
In 2022, Malaysia emitted 250 million tonnes of CO2e which represents 0.69% share of the global GHG emissions of 36,000 million tonnes of CO2e, said RHB Research in the recent Regional Thematic Report.
At COP27, former US Vice President Al Gore launched a database that provides emissions data, based on satellites measuring real emissions. It shows 56 million tonnes of CO2e in 2021, representing emissions from 79,800 physical assets.
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