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AseanPlus News

Thaksin – from policeman to powerful leader

Policeman, entrepreneur, tycoon and finally Thai premier: Thaksin Shinawatra's get-tough 'CEO style' has made him the most powerful elected leader in Thailand, but also drawn a legion of critics.

Letters

Growth must be equitable

If economics is a #8220;dismal science,#8221; it is also a vibrant trade because it concerns the lifeblood of society. One of the world#8217;s top economists, Prof Joseph Stiglitz, recently spoke exclusively to The Star in the first of a two-part series.

Business

Bond buying by Asian central banks can boost equities

Stock market strength will be underpinned indirectly this year if Asian central banks with surging foreign reserves maintain their voracious appetite for government bonds, analysts say.

Letters

Almost a maverick economist

Nobel laureate Joseph Stiglitz has a reputation for bucking Western establishment views, but that image has its limits in beliefs like globalisation can be reformed for the better and the IMF has done some restructuring of its own. In the second of two parts, he offers b>The Star/bhis views on various issues.

Business

Workers’ remittances not a long-term boon

DESPITE the hype about globalisation, the international labour movement remains tightly controlled. It is widely considered free trade's last frontier. No country or multilateral organisation can bring the barriers down, a problem which lends itself to illegal migration.

Business

Hard to gauge impact of ringgit peg, says IMF

Malaysia's currency peg undervalues the ringgit and contributes to the country's large external surpluses, but it is hard to gauge the precise impact of the fixed-exchange rate system, said the International Monetary Fund.

AseanPlus News

Oil prices likely to stay high

Oil prices that have hovered around record highs for weeks are likely to continue to be high for another two years because of rising demand and supply constraints, the head of the International Monetary Fund said on Saturday.

Business

Malaysian economy gets IMF nod

THE International Monetary Fund (IMF) gave a favourable assessment of the Malaysian economy, stressing that its recovery was firmly established with comfortable external positions.

Business

Dr M: Go for Islamic banking

Muslim countries must develop Islamic banking institutions in order to create non-usurious sources of funding, former Prime Minister Tun Dr Mahathir Mohamad said.

World

G8 urged to ensure debt write-off reaches poor

JOHANNESBURG (Reuters) - Africans and global aid groups praised rich countries on Sunday for forgiving billions of dollars in debt but said more could still be done and the challenge was to get the poorest to benefit from the help.