In the world of finance, there is a consensus that technology-driven change is inevitable, and that it brings with it massive potential for disruption.[1] Cen...
At the end of 2014, China had a very normal stock market1. Measured by the size of the stock market, China’s market capitalisation of US$4tril, close to 4...
INTERNATIONAL BODIES INCLUDING the G-20, the FAO, the IEA, the IMF and the IBRD are worried1. These agencies rang the alarm bells recently, stating that risin...
FIRST TIME ARRIVALS to Penang as well as many Penangites are stunned not only by the construction “frenzy” of high rise residential buildings but...
THE UNIMAGINABLE happened when in early August this year the MYR-USD exchange rate dipped below RM3! The good news is that this is happening not only in Malaysi...
There are basically three types of interested parties who need to make payment arrangements in Renminbi (RMB) — an exporter to China, an importer of Chine...
Structure of forex marketsHuge global foreign exchange (forex) markets have a daily turnover of US$5.3tril, which is roughly 23 times the world GDP. The funct...
Building connectivity does not only mean maximising the movement of goods. The movement of people and their wealth, not to mention corporations and their capital, are central to the global economy. But what does capital flows – and capital flight – mean?
On the one hand, the use of RMB has expanded by leaps and bounds in trade settlement in offshore financial centres with the support of the Peoples’ Bank of China, while discussions in China are still addressing the basic issue: can the internationalisation of the RMB be expected to benefit China?
As the outstanding leadership of Dr Zeti Akhtar Aziz as Governor of Bank Negara Malaysia (BNM) draws to a close, this article aims to shed more light on global...