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Business 15 Dec 2005 | 12:00 AM

Aberdeen to manage part of EPF investments overseas

Aberdeen Asset Management Sdn Bhd is set to oversee part of the Employees Provident Fund's (EPF) investment in overseas markets under a deal to be signed by the two parties soon.

Business 13 Dec 2005 | 12:00 AM

Financial literacy vital for emerging economy

Financial literacy has become more urgent particularly in Asia's emerging market economies where household consumption is becoming an important driver of growth, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.

Business 09 Dec 2005 | 12:00 AM

Surprise rise in S. Korea’s interest rate to 3.75%

South Korea's central bank unexpectedly raised its benchmark interest rate, the second increase in three months, to prevent inflation accelerating.

Business 24 Nov 2005 | 12:00 AM

Setting an inflation target

Capital Talk: A comment by Tan Teng Boo, CEO, Capital Dynamics Sdn Bhd. He writes: BEN Bernanke, the incoming chairman of the US Federal Reserve, has openly said he favours inflation targeting. The outgoing chairman is opposed to conducting monetary policy in this manner.

Business 05 Nov 2005 | 12:00 AM

Global economy steams ahead

The world economy steamed ahead in October, with private sector business expanding at the fastest pace in 15 months as crude oil prices ebbed from record highs, a series of financial and corporate indicators show.

Business 14 Oct 2005 | 12:00 AM

Malaysia and South Korea renew bilateral swap arrangement

Malaysia and South Korea renewed and increased the size of their their bilateral swap arrangement agreement Friday, Bank Negara Malaysia said.

Business 17 Sep 2005 | 12:00 AM

Bank Negara awards H&I Niaga RM320mil contract

BANK Negara Malaysia announced yesterday that local bumiputra construction company HI Niaga Sdn Bhd has been awarded a contract for the construction of the Financial Services Resource Centre (FSRC) for RM320mil.

Business 16 Sep 2005 | 12:00 AM

The Bank of New York sees 20% growth in revenue

THE Bank of New York#146;s Malaysian representative office, which opened on Sept 1, expects to see a 20% growth in revenue by the end of its current financial year.

Business 20 Aug 2005 | 12:00 AM

No strong pressure to raise interest rates

THE pressure on Malaysia to raise its interest rates is not as strong as other countries which face faster acceleration of their inflation rates, said economist Prof Dr Norbert Walter.

Business 01 Aug 2005 | 12:00 AM

Malaysia still has edge in Asia

From an overall perspective, Malaysia is expected to continue to preserve its competitive edge in the Asian region despite the recent removal of the ringgit peg against the US dollar and shift to a managed float.