Financial

KUALA LUMPUR, Malaysia--The ringgit has fallen to its lowest value since the Asian financial crisis. The reaction from the opposition has been one of frustration and panic, raging against the finance minister. 

NEW YORK, U.S.--As inflation in the United States reaches new heights, economists are debating how high the Federal Reserve will need to hike interest rates to curb demand and rein in price growth. 

MICHIGAN, U.S.--There is a rising tide of warnings that the US, Europe and other areas of the world are rapidly moving towards a recession as significant data point in that direction.

ISTANBUL,Turkey, 6 JULY 2022 - Great East Capital (GEC) and Boustead Holdings Berhad (Boustead) today signed a Document of Understanding (DOU) to explore investment and collaboration opportunities that is set to launch the largest Islamic digital bank in Turkey.

KUALA LUMPUR, Malaysia--In the past weeks, the Malaysian government issued three measures affecting the poultry industry, in order to try to contain inflation and ensure supply.

LONDON, UK--Russia's regional ambitions represented a longstanding, open test. Yet, with the invasion of Ukraine on 24 February, Europe's security environment, Ukraine and Russia's economic outlook, the stability of markets have been thrown into the air and are in the process of reshuffling. 

NEW YORK, U.S.--Russia’s war in Ukraine is obscuring one very alarming threat posed by the Chinese regime: its system of paperless money, warned hedge fund manager Kyle Bass.

KUALA LUMPUR, Malaysia--: The Center for Market Education (CME) released its Policy Paper No 4, Why Monetary Policy Should Not Avoid Market Price Deflation, authored by Philipp Bagus (Professor of Economics at University King Juan Carlos, Madrid, Spain) and Carmelo Ferlito (CEO of the Center for Market Education, Malaysia).

LONDON, UK--Two years into the pandemic, COVID-19 continues to take surprising turns, disrupting the global economy through multiple channels—public health, work, education, travel, consumer spending patterns, production of goods and services, and international trade flows. 

WASHINGTON, U.S.--The backdrop of global and domestic inflation in the United States was already worrying. Now, Russia’s invasion of Ukraine stands to potentially make the situation worse.

NEW YORK, U.S.--US stocks mounted a stunning comeback Thursday after investors appeared to become slightly less fearful — at least for now — about the economic fallout of Russia’s invasion of Ukraine.

Singapore City, Singaore--Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, today announces a wide portfolio of O-RAN compliant Radio Units (RUs) – expanding the Open RAN radio ecosystem, to provide Communications Service Providers (CSPs) with a wider choice of radios as they progress in rolling out open and interoperable networks.  

KUALA LUMPUR, Malaysia--The debate about minimum wage in Malaysia has emerged once again and it is now particularly important at the light of two important facts:

WASHINGTON, U.S.--Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5 percent from 2.6 percent in the year just ended, the World Bank’s economic update for Vietnam Taking Stock says.

BANGKOK, Thailand--Medical experts around the world are beginning to say that the Covid-19 crisis is heading into an endemic stage with the emergence of the Omicron variant. 

BEIJING, China--Trade between China and the US soared by 28.7 percent and amounted to $755.6 billion in 2021 - maintaining a strong growth momentum and contributing 12 percent to China's record $6 trillion foreign trade for the year despite tariffs and bruising political tensions between the world's two largest economies.  

TAIPEI, Taiwan--Emerging economies should gird for possible rough times as the US Federal Reserve prepares to raise interest rates and world economic growth slows because of the Omicron variant of SARS-CoV-2, the IMF warned yesterday.

BERLIN, Germany--Turkey's lira dropped further on Monday before recovering slightly following a speech by Turkish President Recep Tayyip Erdogan on state television that cited Islam as a reason for not raising interest rates despite a rapidly depreciating currency and rampant inflation.

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves increased to US$108.6 billion as at Jan 29 compared with US$107.8 billion as at Jan 15.

KUALA LUMPUR: Bursa Malaysia gave up early gains to close lower today, succumbing to selling pressure, and bucked the regional trend as investors turned cautious ahead of the Chinese New Year celebration at the end of this week.