Weaker for longer. This will likely be the trend of the ringgit in the coming months. A consensus view is that it will be difficult to see the local currency regaining ground to hit RM4 against the US dollar in the next 12 months, if not longer.

On July 18, it closed at 4.5355 against t...

My Say: In dealing with the weak ringgit, don’t miss the forest for the trees

Global shocks, both economic and geopolitical, have become more frequent in recent years. Amid such a volatile environment, do economic growth forecasts matter anymore? In the last one year alone, we have seen global growth forecasts being revised, upwards and downwards, multiple times, and in al...

Comment: Uncertainty shocks the new normal

At the start of the year, a prevalent view was that monetary policy error in managing inflation was a key risk for the global economy in 2022. This prediction may be coming to bear; in the second half of this year, signs are emerging that the delicate balancing act of ensuring economic growth and...

Comment: Damned if you do, and damned if you don’t

Is inflation real or is it just transitory? This will probably be one of the biggest questions for investors and policymakers in 2022.

On this, the jury is still out. One group says inflation is transitory, while on the opposing side, the view is that it is very real, with some even war...

Comment: To raise or not to raise, that is the question

After a prolonged hiatus, the global economy is beginning to see signs of inflation stirring. In many countries, including the US where the inflation spike was one of the highest, the view is that inflationary pressures are building at a faster-than-expected pace. This has sparked concern that th...

Comment: Reflation good, inflation bad

On Aug 31, Malaysia celebrates its 64th year of independence. This nation of ours has come a long way. In the last 63 years, it has had its fair share of upheavals and crises, yet, each time, we managed to ride out the storm and battled on.

Now, Malaysia is facing a period of turbulence...

Foreword

A fallout from the low interest rate regime is that investors may be tempted to take on more risks to chase higher returns. It is well and good for those with lots of cash to spare but, for the man in the street, it is better to be more aware. 

At 1.75%, Malaysia’s Overnight Policy...

Comment: Autocallables: High coupon rates also mean high risks

Ten months of deflationary numbers in 2020 plus the fact that inflation has remained subdued since the 2008 global financial crisis (GFC) may have lulled many people into thinking that inflation is a problem of the past.

Looking back at history, from the early 1970s until the 2008 GFC, ...

Comment: Is high inflation a problem of the past?

Lee Lung Nien is leaving Citi Malaysia after six years at its helm to take on the wider role of chairman, South Asia, Citi Private Bank. In this exclusive interview, he shares the ups and downs of his journey.


In 2014, when Lee Lung Nien c...

Cover Story: A firm hand on the tiller

FOR the first time in more than two decades, Malaysia has recorded a trade deficit amid deteriorating global economic conditions, signalling that we will likely see a deficit in the current account in the coming months.

The latest data showed a merchandise trade deficit of RM3.5 billion...

The State of the Nation: My Say: Why we cannot rule out a twin deficit 

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Singapore plans law to support gig workers’ retirement needs

Four-cornered fight for Kuala Kubu Baharu state constituency — EC

The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Lofty US stocks leave investors punishing earnings disappointments

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Taiwan rattled by quakes again, no immediate reports of damage

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

US regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Apple Inc has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.

Apple intensifies talks with OpenAI for iPhone generative AI features

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The nomination of candidate&nbsp;for the Kuala Kubu Baharu by-election on Saturday morning saw a four-cornered clash between the&nbsp;candidates of&nbsp;Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

Kuala Kubu Baharu by-election sees four-cornered fight

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Anna Taing

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