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Business 14 Dec 2009 | 12:00 AM

Malaysia plans small international bond issue next year

KUALA LUMPUR: Malaysia plans a small international bond issue next year to fund part of its budget deficit, although the majority of the expected deficit of 5.6% of gross domestic product (GDP) will be funded domestically, Prime Minister Datuk Seri Najib Tun Razak told i>Reuters/iyesterday.

Business 14 Dec 2009 | 12:00 AM

Finance, crisis, recovery and reform

In an interview with i>StarBiz/i>, Jomo Kwame Sundaram, now serving as United Nations assistant secretary-general for economic development in the Department of Economic and Social Affairs, addresses issues with regard to the world economy and the way forward.

Business 12 Dec 2009 | 12:00 AM

Costs and security fears weigh on Iraq oil auction

Iraqi officials cheered and clapped as the first oil field up for bid went to a major international consortium at the opening of the country's biggest postwar auction Friday. But from there, the chill set in.

Business 12 Dec 2009 | 12:00 AM

SMEs eager to tap e-commerce

Economic downturn has turned the pressure on SMEs to find new customers.

Business 12 Dec 2009 | 12:00 AM

Dubai, or is it bye-bye?

The Gulf city state's debt problems offer an important lesson - unpredictable, unsustainable and unclear policies are a no-no.

Business 10 Dec 2009 | 12:00 AM

Petronas likely to give less money to Govt

PETALING JAYA: Lower crude oil prices that hit Petroliam Nasional Bhd's (Petronas) bottomline hard this year are likely to limit the national oil firm's ability to repeat the huge payout to the Government last year.

Business 10 Dec 2009 | 12:00 AM

Britain slaps super tax on bank bonuses

LONDON: British Finance Minister Alistair Darling set the stage for the coming election, announcing yesterday a one-off super tax on bank bonuses and other higher taxes on the rich.

Business 10 Dec 2009 | 12:00 AM

US extends US$700bil bailout until October

WASHINGTON: The Obama administration has extended the US$700 billion financial bailout program until October, setting up a struggle between Democrats who favor using some of the leftover money to help generate jobs and Republicans who say it should be used to shrink soaring budget deficits.

Business 10 Dec 2009 | 12:00 AM

Bank of America repays entire US$45bil Govt bailout funds

CHARLOTTE, North Carolina: Bank of America Corp. said Wednesday it has repaid the entire US$45 billion it owed U.S. taxpayers as part of the Troubled Asset Relief Program.

Business 10 Dec 2009 | 12:00 AM

Malaysia should learn from past economic lessons

TEN years ago, as the Asian financial crisis was wreaking havoc and countries in the region were engaged in some serious economic firefighting, I had a heated discussion with my fellow journalists discussing the once-in-a-generation turmoil before us.