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Till very recent times, the gI>oviya/I(padi farmer) was venerated and even described in terms of a king. Ancient folklore about the gI>oviya /I>clad only in his loin cloth and daubed in mud, if taken out of his field and washed, being fit to be placed on a throne, was often recalled particularly by politicians.
While China will remain the prime location for foreign direct investment (FDI) in Asia over the medium term, Malaysia and Thailand are expected to sustain investor interests, said a report issued here Saturday.
MALAYSIA is offering to host the World Bank's Board of Governors and the International Monetary Fund (IMF) annual meeting in 2012, I>Utusan Malaysia/Ireported yesterday.
Datuk Seri Dr Mahathir Mohamad will continue to play an active role in local politics as well as the international arena after he retires in November. The Prime Minister said in New York that his role, however, would not include determining policy but in garnering support from the people.
The International Monetary Fund said Sunday it did not believe China was keeping its currency seriously undervalued, but urged Beijing to begin liberalising its exchange rate policy.
USING its perceived position as a superpower, the United States is bent on not only bringing weak nations to their knees through military might but, given half the chance, the US wants to also cause economic turmoil in these countries, said I>Berita Harian/I>.
From professors to preschoolers, the education community pays tribute to retiring Prime Minister Dr Mahathir Mohamed in this I>StarEducation/Ispecial.
Malaysia will never be able to repay Datuk Seri Dr Mahathir Mohamad for steering the country out of the 1997/98 financial crisis, Bank Negara governor Tan Sri Dr Zeti Akthar Aziz said.
Last week, the United Nations convened a dialogue to review the financing situation of developing countries as a follow-up to the Financing for Development Summit of 2002. The findings were sombre. Funds are moving out from developing countries, and their debt and trade conditions have not improved. Only a change in political will can improve matters writes MARTIN KHOR.
US Federal Reserve chairman Alan Greenspan and top International Monetary Fund (IMF) policy-maker Anne Krueger, fearing that decades of trade liberalisation are being reversed, have sounded stern warnings against signs of creeping protectionism.