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Business 12 Feb 2005 | 12:00 AM

China seen unlikely to drop peg soon

US Federal Reserve officials are not optimistic that China will drop its currency peg against the dollar anytime soon because that decision is in the hands of a State Council focused primarily on political stability rather than financial issues.

Business 04 Feb 2005 | 12:00 AM

Southeast-East Asian markets set to lure foreigners

STOCK markets in South-East Asia are expected to generate more excitement in the foreign investment community in the immediate future, but risk a major reversal if promises of reform and change are not fulfilled.

Business 01 Feb 2005 | 12:00 AM

Reserves remain usable and unencumbered

BANK Negara Malaysia (BNM) said Malaysia's total international reserves as at end December 2004 remained usable and unencumbered.

Business 25 Jan 2005 | 12:00 AM

Central banks raise euro exposure at dollar's expense

Nearly 40 central banks have increased their exposure to the euro in the past two years, mainly at the expense of the US dollar, according to a survey of 65 central banks released yesterday.

Business 21 Jan 2005 | 12:00 AM

Most Asia-Pacific banks still in early stages of Basel 2

A majority of banks in the Asia-Pacific region are still at the early implementation stages of complying with the Basel 2 framework, according to Gloria Goh, Ernst Young Partner for the Global Financial Services practice in Malaysia.

Letters 20 Dec 2004 | 12:00 AM

Towards monetary cooperation

Much of the discussion on East Asian integration has so far focused on trade. The East Asian Forum held in Kuala Lumpur also highlighted the need for regional financial and monetary cooperation. The launching of an Asian bond last week was a small but significant step in that direction.

Business 18 Dec 2004 | 12:00 AM

Expert: Asian equity markets to perform better next year

THE Asian equity markets including Malaysia are well poised to perform better next year given their current attractive low valuations, according to an international investment expert.

Business 14 Dec 2004 | 12:00 AM

News in brief

Business 17 Nov 2004 | 12:00 AM

Ringgit depreciates sharply against three currencies

THE local currency, which is pegged to the US dollar, has lately depreciated sharply against other currencies #8211; such as the Aussie, the Singapore dollar and the euro #8211; in tandem with the softening greenback.

Business 16 Nov 2004 | 12:00 AM

Rising euro, slowing growth, worry Europeans

European Union officials Monday urged the United States to curb its deficits to help bolster the sagging US dollar amid fears a strengthening euro would stifle Europe's fledgling economic recovery.