'The question arises: Does Malaysia face the trilemma? The answer is clearly no.' - Lee Weng Chang
RECENTLY, Bank Negara Malaysia announced it plans to intervene in the foreign exchange market to stabilise the ringgit in response to short-term fluctuations caused by the high United States Federal Fund Rate and concerns about China’s future economic performance.
While this announcement was expected due to the recent under-performance of the ringgit, it has been perceived by the general public as a long-term strategy reminiscent of the fixed exchange rate regime implemented in 1997 following the Asian Financial Crisis.Get 30% off and stand a chance to win a luxury stay with our ads free Premium Plan
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Parti politik patut fokus satukan rakyat - MUDABerbanding membezakan rakyat Malaysia berdasarkan bangsa dan agama, kita patut fokus untuk menyatukan Malaysia.
Read more »
Zii Jia begins training with coach Wong but needs time to adaptThe independent men’s singles shuttler started training under his new coach Wong Tat Meng only yesterday.
Read more »
Unconstitutional to promote a multiracial Malaysia, says Dr MPETALING JAYA: It is unconstitutional to promote a multiracial country, says former premier Tun Dr Mahathir Mohamad.
Read more »
Sony Xperia 1 V Early Bird Bundle Now Available In MalaysiaIf you've been eagerly waiting to get your hands on the Sony Xperia 1 V, you'll be happy to know
Read more »
Latest World News, Daily Gospels, Pope Vatican | Herald MalaysiaHerald Malaysia Gospel Reflections: Daily Bible Reading in Audio, video, and Text, Get updated with daily bible reading and daily bible quotes
Read more »
Malaysia ranked fourth most affordable countryA new study has found that Malaysia ranks fourth among the most affordable places to live in from 29 countries surveyed. theSun theSundaily business economy MalaysiaMadani
Read more »