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☆ Bank Negara Malaysia set to hike for fourth time in a row on Nov. 3 - Reuters poll
▼ + stars: | 2022-11-01 | by ( Shaloo Shrivastava | ) www.reuters.com time to read: +3 min

Bank Negara Malaysia (BNM) started raising rates in May even though inflation was within its target range of 2%-3%. It has since hiked rates by 75 basis points to keep inflation in check. All but two of 27 economists in the Oct. 25-31 poll predicted BNM would hike its overnight policy rate by 25 basis points to 2.75% from 2.50% at its Nov. 3 meeting. While 13 of 18 penciled in a 25 basis point hike in Q1, three said 50 basis points. The median forecast showed the overnight policy rate would remain at 3.00% until at least the end of next year.

☆ Former Amazon managers who became successful founders say metrics and frugality aren't great for startups but customer obsession is
▼ + stars: | 2022-10-24 | by ( Madeline Renbarger | Diamond Naga Siu | ) www.businessinsider.com time to read: +8 min

Five founders shared the aspects of Amazon's company culture they brought with them, or left behind. As Insider has previously reported, some Amazon employees have described the culture as hypercompetitive and overly frugal, which can lead to burnout. Yes to customer obsessionAll five founders praised Amazon's top leadership principle, established by its founder, Jeff Bezos: customer obsession. Those are metrics Amazon also follows closely. Some Amazon employees have dubbed this phenom "frupidity," a combination of the words "stupidity" and "frugality."

☆ Bank Indonesia playing catch-up, to deliver another 50 bps rate hike on Thursday: Reuters poll
▼ + stars: | 2022-10-18 | by ( Devayani Sathyan | ) www.reuters.com time to read: +3 min

Relatively lower inflation allowed the central bank to hold off with raising rates until August. But in September inflation reached 5.95%, the highest since 2015, and will likely push the central bank to continue tightening. BI, until recently one of the world's last dovish central banks, followed a modest quarter-point rate rise in this cycle with a surprisingly aggressive 50 basis point rise in September. The weaker rupiah , down more than 8% so far this year, has prompted economists to bring forward their rate hike expectations. Reuters Poll: Indonesia inflation and monetary policy outlookThe poll showed inflation was expected to average 4.6% this year and inch down to 4.5% in 2023, a massive upgrade from 3.9% and 3.5% predicted in July.

A man takes a picture of a friend in front of a sign showing installation of the 5G network in New Delhi, India, October 3, 2022. The agenda includes holding talks "to prioritise" and release software upgrades for supporting the high-speed network, the notice for the closed-door meeting stated. Airtel's website on Tuesday showed "Apple yet to update software" for all of Apple iPhones' 12 to 14 models under its 5G compatible section. A third source with direct knowledge of the issue said Apple was in the process of testing and validating different 5G offerings from network providers in India. Lack of 5G software upgrades has already irked users.

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