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FEDERAL Reserve (Fed) chair Jerome Powell’s speech last Friday at the annual Jackson Hole forum was consistent with his very gradual and highly measured approach to policy changes – an approach that financial markets love as it implies a longer period of very loose liquidity that fuels ever higher asset prices.
Top read stories include demise of S P Setia director, reappointment of Tengku Zafrul as Finance Minister, Penang property market recovering
OVER the weekend, top central bankers convened (some by zoom) in Jackson Hole, Kansas, to discuss “Macroeconomic Policy in an Uneven Economy.”
AS potentially the largest hub for hyperscale data centres (HDCs) in the country, Technology Park Malaysia (TPM) is becoming a key player in the ecosystem.
Firm diversifies into healthcare to create new income stream
WHILE uncertainties of the pandemic continue to loom, experts are optimistic that the Penang residential property market is already on its path towards recovery.
HONG KONG’s status as a British colony ended in 1997, when China regained sovereignty over the territory. Since then, Beijing has exercised its rule over Hong Kong through a special arrangement known as “one country, two systems,” providing autonomy to Hong Kong, which is allowed its own currency and its own administrative and legal systems.
KUALA LUMPUR: The re-appointment of Tengku Datuk Seri Zafrul Abdul Aziz as Finance Minister reflects positivity for capital markets, businesses and the people at large as it instills a sense of confidence on policy continuity, says Bank Islam Malaysia chief economist Mohd Afzanizam Abdul Rashid.
KUALA LUMPUR: As expected by many, banker turned Finance Minister Tengku Datuk Seri Zafrul Tengku Aziz has been reappointed to helm the ministry under the newly-set up Cabinet by Prime Minister Datuk Seri Ismail Sabri Yaakob today.