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KUALA LUMPUR: With the London summer Olympics just a couple of months away, Malaysians who have bought London properties are mulling over the possibility of short-term leases to make the most of the season when rentals are expected to be three to four times the normal rate, according to Henry Butcher Real Estate (Damansara) Sdn Bhd.
SANDAKAN: The Palm Oil Industrial Cluster (POIC) in Lahad Datu, which opened six years ago, has attracted RM3 billion in investments so far from both foreign and local investors.
FROM July 2005 until this past December, China’s yuan appreciated steadily. But then the yuan fell unexpectedly, hitting the bottom of the daily trading band set by the Peoples’ Bank of China (PBoC) for 11 sessions in a row. Though the yuan has since returned to its previous trajectory of slow appreciation, the episode may have signalled a permanent change in the pattern of the exchange rate’s movement.
ONE of the most prominent businessmen in the 20th century was a man called Joseph P. Kennedy (President John F. Kennedy’s father). In the 1920s, Joe Kennedy invested in stocks and later claimed that he knew it was time to get out of the stock market when he received stock tips from a shoe-shine boy. The rampant stock speculation of the time eventually led to the 1929 stock market crash and, subsequently, the Great Depression.