Financial

 KUALA LUMPUR, Malaysia: After a short break, the Malaysian Ringgit (MYR) is again under stress and close to be exchanged at 4.8 against one American Dollar (USD). The Center for Market Education agrees with the general consensus that the resurgent weakness of the domestic currency is mainly due to external factors:

ST. PETERSBURG, Russia: Russia intends to significantly renew its commercial fleet in 2023-2027, President Vladimir Putin said at the St. Petersburg International Economic Forum (SPIEF).

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.