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IT has been just over a year since Lee Chi-beom took up his posting as South Korea’s Ambassador to Malaysia.
PETALING JAYA: At a time when there is an increased attention on whether foreign investors are ditching Malaysia for other Asean countries, the Statistics Department reveals that the rate of return on foreign direct investments (FDI) in the country has dropped sharply in the past decade.
BANGKOK: Thailand’s central bank is widely expected to leave its key interest rate at a record low to preserve its policy options as the tourism-reliant economy deals with a fresh wave of coronavirus infections, a Reuters poll showed.
BEIJING: Chinese authorities have released rules on foreign investment security review to safeguard national security while spurring foreign investment.
PETALING JAYA: The reopening of the domestic economy and the potential mass vaccine rollout by various countries have seen investors shifting to more cyclical sectors like banks – the proxy to economic growth.
LONDON: The threat of being named a currency manipulator by the US Treasury may be an embarrassment for Switzerland, but even if the country does get the tag, it likely will have little effect on the Swiss National Bank’s (SNB) monetary policy.
WASHINGTON: The U.S. Treasury could label several countries currency manipulators before President Donald Trump leaves office, analysts say, as the coronavirus pandemic skews trade flows and widens U.S. deficits with trading partners.