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Labuan Financial Services Authority's (LFSA) operating income for fiscal year ended Dec 31, 2011, rose to RM26.9mil from RM23mil in the same period 2010.
PETALING JAYA: Cash transfers and other forms of subsidies, together with the upgraded pay scheme for the public sector, are expected to be major factors in helping support domestic demand, which will continue to be the main driver of growth for the economy.
PETALING JAYA: Asian currencies are on a losing streak against the US dollar, as increasingly dismal global economic outlook prompts a flight to safety to greenback-denominated assets.
PETALING JAYA: Amid a deteriorating global outlook, Bank Negara is expected to stay on the cautious side and keep rates steady at 3% at its monetary policy meeting today.
PETALING JAYA: Thailand is the latest in a growing list of countries to step up control on foreign money coming into its markets, as policymakers from Brazil to South Korea rein in to curb sharp appreciation of their currencies that is threatening exports and rekindlin g asset bubble worries.