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THE decision by the US Federal Reserve to start unwinding its US$4.2 trillion of bonds, despite inflation remaining low, is a sign of confidence in the growth prospects of the world economy.
KUALA LUMPUR: The ringgit, Asia’s worst-performing currency, is starting to come back into favour.
KUALA LUMPUR: A year after Malaysia’s historic election, public euphoria surrounding the new government has evaporated. And investors are losing patience too.
Thai banks and companies plan to issue ringgit-denominated bonds in Malaysia to diversify funding sources and lower funding costs after seeing strong interest in such a bond issue by Krung Thai Bank, the Nation reported, citing a top executive of CIMB Thai Bank.
KUALA LUMPUR: Blue chips ended Friday on a slighter weaker note with the benchmark FBM KLCI below the important 1, 600 level on losses by Sime Plantation and Maybank despite firmer economic data and stronger ringgit.