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CHINA took the world by surprise on July 21, 2005, by revaluing its currency, which has remained pegged to the US dollar since 1994 at around 8.3 yuan to the greenback. Unlike the ringgit, which was on a rigidly fixed exchange rate system, the Chinese yuan's fixture was somewhat less rigid in the sense that tiny variations were still possible within an extremely narrow band of 8.28-8.31 to the US dollar.
Japan's falling birth rate and ageing population have fuelled concerns about future growth in the world's second-largest economy, and experts have previously said the population was likely to start shrinking in 2007.
IJM Corp Bhd is likely to be part of a consortium comprising five Malaysian firms that is eyeing a road project near Islamabad, Pakistan, said managing director Datuk Krishnan Tan.