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Singapore – Aug trade price indices
29/09/2016 03:25 pm MYT
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Month-on-month, the import price index slipped 0.1% in Aug. The decline was mainly due to lower oil prices. Meanwhile, the export price index fell 0.5% in Aug. Excluding the oil component, the import and export price indices fell by 0.1% and 0.3% respectively from the preceding month – see table 1. The terms of trade was 105.9 in Aug, significantly lower than 106.2 in Jul.

Excluding the oil component, the import and export price indices slid 4.0% and 6.3% respectively on a year-on-year basis – see figure 1.

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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
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