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Business 02 Mar 2007 | 12:00 AM

Bank Negara to host Islamic finance forum

Bank Negara, which assumes the Islamic Financial Services Board (IFSB) chairmanship this year, will be hosting an inaugural Global Islamic Finance Forum (GIFF) in Kuala Lumpur from March 26 to 29.

Business 27 Jan 2007 | 12:00 AM

Bank Negara keeps benchmark rate unchanged at sixth meeting

Bank Negara kept its benchmark interest rate unchanged for a sixth straight meeting to sustain 'steady' growth amid concerns that a global economic slowdown may hurt the nation's exports.

Business 17 Jan 2007 | 12:00 AM

Ringgit breaks 3.50 against US$

The ringgit appreciated past the 3.50 mark for the first time since November 1997, touching 3.4995 at 2.45pm in Kuala Lumpur yesterday before settling at 3.5027 at 4.18pm.

Business 05 Jan 2007 | 12:00 AM

Asian economies to ride on domestic demand

Asian economies are expected to chug along on the expansion trail this year, driven by domestic demand and investments, said CIMB head of economics Lee Heng Guie.

Business 20 Dec 2006 | 12:00 AM

Asian economies stronger now

The weakening of several Asian currencies since Monday and the declines in the Asian bourses yesterday was a 'knee-jerk reaction' by investors fearing that other Asian economies may impose capital control measures, economists said.

Business 19 Dec 2006 | 12:00 AM

US$ woes far from over as Asia perks up

Today, international bodies assert that if a country's trade deficit exceeds 4.5% of its GDP, it's a sign of real and present economic danger. And yet the US economy continues to defy both history and economics.

Business 14 Dec 2006 | 12:00 AM

Revamps spur investors

The current spate of corporate restructuring and high dividend payouts in the country are key to attracting foreign investments, said Citigroup Investment Research managing director and head of regional strategy Markus Rosgen.

Business 14 Dec 2006 | 12:00 AM

Growth of 5.1% ‘just about right’ for Malaysia

A 5.1% gross domestic product (GDP) growth in 2007 should be 'just about right' for Malaysia and not too optimistic, said JP Morgan Emerging Asia Research managing director David Fernandez.

Business 11 Dec 2006 | 12:00 AM

Poh Kong grows on trust, outlets

POH Kong Holdings Bhd, with 72 outlets throughout the country, is poised for further growth and is unperturbed by the rise of many small family-owned goldsmith shops.

Business 09 Dec 2006 | 12:00 AM

Ringgit headed for lower trading zone

AFTER the euphoria and cheering when Bank Negara lifted the peg in July 2005, the bullish sentiment faded by end-December 2005 as offshore and even local investors became rather disappointed that the ringgit failed to garner speed in appreciation.