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Business 19 Mar 2004 | 12:00 AM

Islamic Financial Services Board admits 13 new members

THE Council of Islamic Financial Services Board (IFSB) yesterday admitted 13 new members, bringing the number to 49.

Business 10 Mar 2004 | 12:00 AM

Asia forex reserves at US$2.1 trillion

Asian foreign exchange reserves have grown strongly since the start of 2004, rising by over US$164bil to US$2.073 trillion in the first two months of the year, according to figures from the region#8217;s central banks.

Business 04 Mar 2004 | 12:00 AM

Greenspan warns on Asian bank buying of US assets

US Federal Reserve chairman Alan Greenspan has issued his strongest warning yet about Asian central bank purchases of US assets, saying it could raise problems for the economies of China and Japan.

Nation 28 Feb 2004 | 12:00 AM

Give Barisan undivided support, Sultan urges people

THE Sultan of Pahang Sultan Ahmad Shah wants the people of the state to continue backing the Government in the next general election, I>Utusan Malaysia/Ireported yesterday.

Business 24 Feb 2004 | 12:00 AM

Dealing with the drifting dollar

NO one in a country is spared when its currency tumbles, as everyone is affected one way or another.

Business 15 Feb 2004 | 12:00 AM

Concerted effort needed for world economic recovery

The 15 members of the South East Asian Central Bank (Seacen) who participated in the 39th Seacen conference here concurred that the US twin deficits and global current account imbalances are major risks to the world economic recovery.

Business 14 Feb 2004 | 12:00 AM

China yuan move likely this year, but not due to G7

China will probably adopt a new currency policy this year which would allow the yuan to strengthen at least a little, but not in response to pressure from the Group of Seven (G7), according to a majority of analysts polled by Reuters.

Business 10 Feb 2004 | 12:00 AM

China’s absence muffles forex message of G7

The Group of Seven (G7) is looking more and more like a doughnut: without fast-growing China in its ranks, there is a gaping hole at the heart of its policy-making.

Business 24 Jan 2004 | 12:00 AM

Holdings of US debt by foreign central banks at record high

Holdings of US debt by foreign central banks leaped again in the latest week to touch a record high, supporting reports of massive intervention by the Bank of Japan to limit the fall in the dollar.

Business 15 Jan 2004 | 12:00 AM

Zeti: Ensure stability in Islamic finance system

BANK Negara governor Tan Sri Dr Zeti Akhtar Aziz has called for greater cooperation among regulators to ensure the Islamic financial system is not subject to vulnerabilities and abuses.