Visit our new website:

Bank Negara FX losses a 'bitter lesson, but helped overcome Asian financial crisis'

  • Sat, 09 Sep 2017 04:20
FORMER Bank Negara Malaysia (BNM) adviser and ex-second finance minister Nor Mohamed Yakcop - the individual believed to be largely responsible for the colossal foreign exchange (FX) losses suffered by the central bank in the early 1990s - contended that the "bitter lesson" from the sorry episode had a silver lining.
The Business Times


Popular Science

Related Stories

Reinsurers Hit by Catastrophe Losses, Rising Competition
  • Tue, 20 Feb 2018 00:41

Reinsurers are being hit by a one-two punch of soaring catastrophe losses and low renewal rates as insurers turn to other avenues to spread risk. WSJ...

PSA 'to launch tender for driverless vehicles this year'
  • Tue, 20 Feb 2018 00:27

PORT operator PSA Singapore is expected to launch a tender this year for the supply of the first fleet of automated guided vehicles (AGVs) or driverle...

Nigeria's Boko Haram crisis: Court frees 475 suspects
  • Tue, 20 Feb 2018 00:27

Twin brothers are finally free after waiting for a Nigerian court to hear their case since 2010. BBC News - Africa

Vegan food startup’s egg substitute in Hong Kong, test market for Asian expansion – so how does it taste?
  • Mon, 19 Feb 2018 22:31

Your breakfast omelette might not be made with egg soon if a new, plant-based imitation created by US vegan startup Just takes off. Made with mung bea...

Southeast Asian lawmakers' group calls for de Lima release
  • Mon, 19 Feb 2018 21:26 - breakingnews

Latvian PM says central bank chief should resign
  • Mon, 19 Feb 2018 20:29

The head of Latvia’s central bank should resign following his detention by the anti-corruption agency, Prime Minister Maris Kucinskis said on Monday...

Earnings season sweetened by dividend highs
  • Mon, 19 Feb 2018 20:27

CORPORATE earnings have rolled in pretty much according to script this reporting season, though that's not stopped some big boys from swinging ou...

Who should the core provisions of the Employment Act protect?
  • Mon, 19 Feb 2018 18:24

FIFTY years ago, a newly independent Singapore enacted the Employment Act in 1968 partly as a bulwark against concerns of mass unemployment following ...

Tulip mania: the classic story of a Dutch financial bubble is mostly wrong
  • Mon, 19 Feb 2018 16:41

Floraes Mallewagen (Flora’s wagon of fools): Hendrik Gerritsz Pot, c1640 (photo: Laura Blanchard), CC BY-SA Anne Goldgar, King’s College ...

Singapore Budget 2018: Economists expect bumper surplus
  • Mon, 19 Feb 2018 16:27

WITH Singapore's strengthening economy having boosted government coffers, economists predict a larger-than-expected budget surplus for the financ...

Software may have helped Daimler pass U.S. emissions tests: report
  • Mon, 19 Feb 2018 15:04

BERLIN (Reuters) - U.S. investigators probing Mercedes maker Daimler have found that its cars were equipped with software which may have help them to...

All eyes on Fed meeting and T-bill markets
  • Mon, 19 Feb 2018 14:31

US STOCKS surged last week, and major indexes followed their worst week in years with their biggest weekly gains since 2013 as the meltdown ended and ...

News Categories