ALMATY (Aug 20): Kazakhstan relinquished control of its exchange rate in the latest sign emerging nations will stop defending their currencies after China roiled global markets by devaluing the yuan.

The central Asian nation, which counts Russia and China as its top trading partners, sa...

Kazakhstan Tenge slides 23% as emerging-market rout strains pegs

SINGAPORE (Aug 12): China’s surprise devaluation of the yuan couldn’t have come at a worse time for some Asian currencies.

A measure of the region’s 10 most-traded currencies excluding the yen is set to decline for a third year, its longest losing streak since 1997, amid signs the US wi...

China’s devaluation shock seen reigniting currency wars in Asia

SINGAPORE/KUALA LUMPUR/SYDNEY (July 7): Malaysia's central bank intervened for a third successive trading day on Tuesday to support the ringgit currency, traders said, as corruption allegations swirled round Prime Minister Najib Razak, raising doubts over his grip on power.

Thanks to Ba...

Malaysian central bank defends ailing ringgit amid political storm

SINGAPORE (July 6): Malaysia’s central bank Bank Negara Malaysia (BNM) is unlikely to tweak interest rate in a bid to arrest the further depreciation of the ringgit, according to Barclays Research.
 
The ringgit traded weaker at RM3.8083 against the US dollar at 11.58 a.m. toda...

Malaysia’s central bank unlikely to tweak interest rate to defend ringgit, says Barclays

SINGAPORE (July 4): Greece’s referendum on Sunday means a short weekend for foreign-exchange analysts and traders, some of whom will rush to their desks even before the official opening for currency trading at 5 a.m. Sydney time on Monday.

Voting is scheduled to close at 7 p.m. in Athen...

Currency traders face shortened weekend as Greek vote looms

SINGAPORE (June 11): The steep fall in the Malaysian ringgit in recent months is conjuring up frightening memories of the Asian Financial Crisis in 1997-1998. Now, here’s a worrying observation from a well-respected economist who recalls the crash: the Malaysian economy isn’t in much better shape...

Malaysian economy not much better than during Asian crisis

SINGAPORE (June 10): The yen shot up against the dollar on Wednesday, reaching a two-week high, after Bank of Japan Governor Haruhiko Kuroda said the real...

Yen soars against dollar after Kuroda remarks

SINGAPORE (June 10): The yen shot up against the dollar on Wednesday, reaching a two-week high, after Bank of Japan Governor Haruhiko Kuroda said the real effective exchange rate shows the Japanese currency is "very weak".

The dollar fell as low as 122.77 yen, its lowest since May 27, a...

JAKARTA (June 9): The cost to insure Indonesia’s sovereign bonds against default rose to a five-month high as the falling rupiah and accelerating inflation heighten outflow risk.

Five-year credit default-swaps on the country’s debt advanced 17 basis points to 175 in the two weeks throug...

Indonesia default risk jumps most in Asia on fund outflow fears

JAKARTA (June 4): Indonesia's central bank said on Thursday that it stood ready to intervene in the foreign exchange and bond markets to ensure stability, as the rupiah neared a 17-year low against the dollar.

Global risk from a possible U.S. interest rate hike combined with Indonesia's...

Indonesia central bank says ‘always’ ready to calm FX market as rupiah nears 17-year low

South Korea's opposition-led parliament impeached President Yoon Suk Yeol on Saturday, voting to suspend him from his official duties over his short-lived attempt last week to impose martial law.

South Korea lawmakers vote to impeach President Yoon over martial law bid

Lembaga Tabung Haji (TH) is expected to start issuing offer letters to selected prospective pilgrims for the 1446H/2025M hajj season starting Monday (Dec 16).

Tabung Haji expected to start issuing hajj offer letters Dec 16 — Mohd Na'im

The Ministry of Domestic Trade and Cost of Living (KPDN) will reintroduce special zones for the sale of non-subsidised controlled goods in border areas to address leakages.

Govt to reintroduce special zones for non-subsidised goods at border areas

MicroStrategy will be added to the tech-heavy Nasdaq-100 Index, the exchange operator said on Friday, following a meteoric surge in the shares of the bitcoin buyer.

MicroStrategy secures Nasdaq-100 inclusion after bitcoin-fueled stock surge

It should not have come as such a surprise that US voters were largely unmoved by the Democrats’ warnings that Donald Trump poses a grave threat to American institutions. In a January 2024 Gallup poll, only 28% of Americans (a record low) said that they were satisfied with “the way US democracy is working.”

Economics for the Many: The Fall and Rise of American Democracy

Various positive indicators have boosted confidence in the national growth outlook, including the recovery of the ringgit, inflation remaining manageable, and unemployment staying low, according to Finance Minister II Datuk Seri Amir Hamzah Azizan.

Amir Hamzah: Positive signs boost confidence in national growth outlook

US Treasury Secretary Janet Yellen told Reuters on Friday that the US is looking at further sanctions on "dark fleet" tankers and will not rule out sanctions on Chinese banks as it seeks to reduce Russia's oil revenue and access to foreign supplies to fuel its war in Ukraine.

Yellen won't rule out sanctions on Chinese banks, curbs on 'dark fleet' oil tankers

Blogger Wan Muhammad Azri Wan Deris, better known as 'Papagomo', who was detained to assist in an investigation into a fraud case involving the misuse of a company's name for fundraising, was released on police bail on Friday.

Papagomo released on police bail after giving statement in fraud investigation

OpenAI asked a federal judge in California on Friday to reject a request by billionaire Elon Musk to halt the ChatGPT maker’s conversion to a for-profit company.

OpenAI fires back at Elon Musk bid to block for-profit conversion

It was a bold idea, encapsulated in a snappy slogan: “From billions to trillions.” A decade ago, when private capital was sloshing into developing econo...

The Frontiers of Growth: For Developing Economies, the Finance Landscape Has Become a Wasteland

Finance and accounting studies will be among the core disciplines offered under the free tertiary education policy at all Sarawak-owned universities starting in 2026, said State Premier Tan Sri Abang Johari Tun Openg.

Sarawak to offer free finance, accounting education from 2026

While the government is aware of the shortage of public transport networks in the country, especially in its major urban areas, it is looking at innovative ways to fund the development of the various systems that would not adhere to its inspiration to keep its finances in check.

Fulfilling public transport needs while maintaining fiscal discipline

TikTok must now move quickly with a request to the Supreme Court to block or overturn a law that would require its Chinese parent ByteDance to divest of the short-video app by Jan 19 after an appeals court on Friday rejected a bid for more time.

US court rejects TikTok request to temporarily halt pending US ban

US President-elect Donald Trump said on Friday the Republican Party "will use its best efforts" to end daylight saving time, which he called "inconvenient, and very costly to our Nation."

Trump calls for end to daylight saving time

A banner year for US stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await the central bank's guidance on interest rate cuts.

Fed rate view in focus as robust stocks year draws to close

Various positive indicators have boosted confidence in the national growth outlook, including the recovery of the ringgit, inflation remaining manageable, and unemployment staying low, according to Finance Minister II Datuk Seri Amir Hamzah Azizan.

South Korea's opposition-led parliament impeached President Yoon Suk Yeol on Saturday, voting to suspend him from his official duties over his short-lived attempt last week to impose martial law.

US Treasury Secretary Janet Yellen told Reuters on Friday that the US is looking at further sanctions on "dark fleet" tankers and will not rule out sanctions on Chinese banks as it seeks to reduce Russia's oil revenue and access to foreign supplies to fuel its war in Ukraine.

Blogger Wan Muhammad Azri Wan Deris, better known as 'Papagomo', who was detained to assist in an investigation into a fraud case involving the misuse of a company's name for fundraising, was released on police bail on Friday.

Nippon Steel Corp had high hopes for the US$14.1 billion (RM62.76 billion) takeover of United States Steel Corp. But with the deal now likely to unravel, the biggest Japanese steelmaker will be forced to consider next steps for rapid growth.

Nippon Steel’s plan B now in focus as US$14b US deal falters

OpenAI asked a federal judge in California on Friday to reject a request by billionaire Elon Musk to halt the ChatGPT maker’s conversion to a for-profit company.

Lembaga Tabung Haji (TH) is expected to start issuing offer letters to selected prospective pilgrims for the 1446H/2025M hajj season starting Monday (Dec 16).

MicroStrategy will be added to the tech-heavy Nasdaq-100 Index, the exchange operator said on Friday, following a meteoric surge in the shares of the bitcoin buyer.

The Ministry of Domestic Trade and Cost of Living (KPDN) will reintroduce special zones for the sale of non-subsidised controlled goods in border areas to address leakages.

It was a bold idea, encapsulated in a <a href="https://thedocs.worldbank.org/en/doc/622841485963735448-0270022017/original/DC20150002EFinancingforDevelopment.pdf" target="_blank">snappy slogan</a>: “From billions to trillions.” A decade ago, when private capital was sloshing into developing econo...

It should not have come as such a surprise that US voters were largely unmoved by the Democrats’ warnings that Donald Trump poses a grave threat to American institutions. In a January 2024 Gallup <a href="https://news.gallup.com/poll/548120/record-low-satisfied-democracy-working.aspx" target="_blank">poll</a>, only 28% of Americans (a record low) said that they were satisfied with “the way US democracy is working.”

Currency Turmoil

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Currency Turmoil

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