ringgit malaysia Tag

Twenty years ago, Malaysia was caught up in the turmoil of a currency crisis that began in Thailand and swept across Asia, battering economies, pushing millions into poverty and forcing governments to seek emergency bailouts. Zeti Akhtar Aziz, who was chief economist of Malaysia’s central bank at the time — later becoming governor — recalls her experience of the crisis, including having to implement policies that went against the conventional economic wisdom of the time, such as pegging the currency and imposing capital controls on foreign investors. This is an abridgedRead More
Today, we are living in challenging times. Gone are the days when job security brings financial security. Millions realized that it now takes more than a fixed salary to get ahead financially. Thus, many begin to seek for investment opportunities to create additional sources of income and to build wealth. Regrettably, there is an emergence of con artists to deceive sincere investors of their capital. They appear in most, if not all, investment markets such as stocks, properties, private businesses, forex trading and gold. It is unfortunate that these opportunistsRead More
KUALA LUMPUR (April 18): Bank Negara Malaysia (BNM)’s measures to curb the non-deliverable forwards (NDFs) have some effect on the ringgit, according to Malaysian Institute of Economic Research (MIER). When questioned during the presentation of the 22nd Corporate Economic Briefing on whether the BNM’s measures to curb NDF have led to the ringgit being kept at a low and stable level as compared to its peers, MIER’s senior research fellow Dr Zulkiply Omar said it has some affect. “Capital outflow is one of the reasons. During the time, there areRead More