TOKYO (AFP) – East Asia should consider a common regional trading currency based on gold to promote commerce, and free the region from relying on dollar transactions, Malaysia’s prime minister said yesterday. Tun Dr Mahathir Mohamad said the proposed currency could be used for regional trade, but would not replace national currencies for use at the […]
Read MoreMALAYSIA is facing a talent crunch to support the rapid digitalisation of its banking and financial services, according to recruitment firm Hays. Many financial products and services have been introduced in the last few years, affecting everything from product development to contact centres and compliance departments, said Hays Malaysia senior manager for banking and financial […]
Read MorePETALING JAYA: The surprising move by the United States to include Malaysia in its currency manipulator watch list may be a tactic to subtly force Malaysia to import more from the world’s biggest economy. Sunway University Business School economics professor Yeah Kim Leng told StarBiz that this could be a strategy by the US to […]
Read MoreSINGAPORE: The US Treasury added Singapore, Malaysia and Vietnam to a watchlist for currency manipulation, putting their foreign-exchange policies under scrutiny. Singapore made the list because of its large current account surplus and net foreign currency purchases of at least $17 billion in 2018, equivalent to 4.6% of GDP, according to the Treasury. Malaysia was […]
Read MoreJAKARTA: Demand from Asia’s growing legions of chocoholics has outpaced the ability of local farmers to supply cocoa beans, prompting a surge of shipments into the region from Africa and South America. Indonesia, the top producer and processor in the area, imported about 240,000 metric tons of beans last year, a record, and may buy […]
Read MoreKUALA LUMPUR: Malaysia Airlines Bhd (MAB) and Japan Airlines (JAL) have inked a MoU to pursue a joint business agreement to enhance the quality of services provided by both carriers on flights between Malaysia and Japan. MAB said on Monday both carriers would also seek to cooperate in a wider scope, such as exchanging best […]
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