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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.
South Korea's central bank unexpectedly raised its benchmark interest rate, the second increase in three months, to prevent inflation accelerating.
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.
Malaysia and South Korea renewed and increased the size of their their bilateral swap arrangement agreement Friday, Bank Negara Malaysia said.