KUALA LUMPUR: Bursa Malaysia reversed earlier gains to close in negative territory, with the benchmark index falling below the 1,400-psychological mark due to a lack of buying support, said an analyst. Read full storyContinue Reading
The People’s Bank of China participated in the trial from Aug 15 to Sept 23, testing use of digital currencies on four sides of platform. The trial period handled more than 160 cross-border payments and foreign exchange transactions totalling over 150mil yuan (RM96.86mil). Read full storyContinue Reading
JAKARTA – Indonesians have been given yet another reminder that corruption remains a drag on the country’s economy with a Supreme Court justice and the gambling-addicted governor of Papua under investigation for allegedly taking bribes and stealing from the public purse. Transparency International’s 2021 Corruption Perception Index ranks Indonesia 96th out of 180 ranked countries, a […]
The post Still rotten at the top of graft-ridden Indonesia appeared first on Asia Times.
The 35% decline in the yen and 25% decline in the euro relative to the dollar, and the US dollar index up by 25% since 2017, are being rationalized as a response to the US Federal Reserve’s raising interest rates to battle inflation. Analysts remind us that such policy is similar to the one Paul […]
The post The Fed in a floating world appeared first on Asia Times.
Inline with Bank Negaraâs directive to secure authentication
To introduce cooling-off period for customers to enable Secure2u Maybank will fully migrate to a more secure authentication method via Secure2u by June 2023 for online activities or transactions relating to account opening, fund transfers and payments as well as changes to personal information…Continue Reading
G7 financial markets avoided a threatened crisis September 28 when the Bank of England announced £45 billion of emergency government bond purchases. That amounts to an emergency easing of monetary policy after months of coordinated rate hikes by most of the world’s central banks. The British central bank, the world’s second oldest, had no choice: […]
The post Central banks flinch as UK bond market faces collapse appeared first on Asia Times.
Over 4,000 people in Ubon Ratchathani have been evacuated after recent flooding was set to intensify as Typhoon Noru was forecast to reach northeastern Thailand on Wednes night as a tropical storm. It will bring heavy rain, adding to the tribulations of already flooded provinces, the Meteorological Department said.Continue Reading
WASHINGTON: ALL OF US President Joe Biden on Wednesday (Sep 28) announced US$8 billion in brand new private sector spending to fight hunger, including hundreds of millions associated with dollars for foods, after lawmakers did not further extend pandemic-era nutrition supports like universal school foods and increased help to foodContinue Reading
KHON KAEN: Large water pumping and propulsion machinery was being installed along the Chi River on Wednesday to push water into the Mekong River and ease severe flooding in areas along the river banks.Continue Reading
TOKYO – Wall Street suits, run for the hills. So far this year, the surging dollar has left a trail of carnage across Asian and European economies, currencies and bourses. Now, it is likely headed for home territory. Count Michael Wilson, Morgan Stanley’s chief US equity strategist, as among those fearing the dollar’s rally is […]
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