Malaysian Prime Minister Anwar Ibrahim’s recent call for the revival of an Asian Monetary Fund (AMF) “to reduce reliance on the dollar or the International Monetary Fund” (IMF), raises the question of whether an AMF was necessary in the first place. Japan proposed the idea of an AMF shortly after the outbreak of the Asian Financial Crisis in July […]Continue Reading
Financial markets are flashing a range of danger signals about the path Washington and the Fed are on now. They reflect the weakened ability of the Fed to fight inflation, as the present confrontational talks about the federal government’s budget add to compounding mistaken policies since 2008. The 10-Year Treasury is at 3.4% where it […]Continue Reading
FOREIGN BANKS Some foreign lenders have also lowered their fixed deposit interest rates. “Given the recent market movements, we saw time deposit rates, especially those with longer tenors, to have fallen slightly compared to two months ago,” a HSBC spokesperson said, adding that there was still a strong take-up ofContinue Reading
China’s powerful stock rally has a remarkably important driver of momentum behind it: the nation’s 1.4 billion consumers. After a lackluster start, households are finally getting on board the post-Covid-19 reopening trade – and doing so en masse. In March alone, retail sales jumped 10.6% year on year. According to the National Bureau of Statistics, […]Continue Reading
It is time Thailand and India expand their economic cooperation and bilateral relations, especially as the South Asian giant is at the forefront of the global economy, said Nagesh Singh, India’s ambassador to Thailand.Continue Reading
Under the proposed Bill, maintenance enforcement officers can obtain personal financial information directly from government agencies and banks, and provide this to the court.Continue Reading
Singapore’s non-oil domestic exports, a key indicator of the health of its trade-reliant economy, fell for the sixth straight month in March.Continue Reading
Although China and Russia have in recent months encouraged companies to settle their trade in the two countries’ currencies to try to end “dollar hegemony,” Moscow has so far avoided keeping the yuan because they are a drag on the market. In a recently-published research report the Bank of Russia, the country’s central bank, explains […]Continue Reading
Economic rebounds in the United States often get picked apart for their flaws. Now, it’s China’s turn, says Bloomberg Opinion columnist Daniel Moss.Continue Reading
As part of a joint military exercise with the Philippines, the US Navy is slated to sink a mock warship on April 26, 2023, in the South China Sea. The live-fire drill is not a response to increased tensions with China over Taiwan, both the US and the Philippines have stressed. But, either way, Beijing […]Continue Reading