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Saturday, October 19, 2019

Tag: foreign exchange

China to boost mid to long-term asset allocation in FX reserves

China expects its international balance of payments and current account to remain balanced this year,

Citi, JPMorgan, UBS face forex cartel class action in Australia

The action claims the banks collude to rig foreign exchange rates, boosting profits at the expense of Australian businesses and investors

Govt will monitor ringgit’s performance, Guan Eng says

The finance minister says it would be better to evaluate the ringgit's performance on an annual rather than daily basis.

Yuan trading is busier than ever as Trump targets China on...

The volumes, which represent a portion of the offshore yuan market, surged as the yuan slid for a fourth straight month.

Mexico says US trade deal will send a ‘signal’ on currency...

Guajardo suggested that disputes over currency transparency could play out under Nafta’s Chapter 20 state-to-state settlement process.

Indonesia president to hold cabinet meeting on foreign exchange strategy

The meeting to discuss how to bolster foreign exchange reserves is due to be held at 1.30 pm on Tuesday.

Film production company owner nabbed over investment scams

The foreign exchange and cryptocurrency investment scams involve losses of RM13.9 million.

RM1 billion forex scam: Cops nab couple at klia2

Police federal commercial crime chief Amar Singh says police have also seized property, cars and watches worth millions from the couple who are in their mid-50s.

BNM moves to make digital currencies transparent

Bank Negara reminds public that digital currencies are not legal tender in Malaysia.

Bersih: Probe into forex losses a smokescreen for 1MDB

Bersih chief Maria Chin Abdullah says the government must take its own advice when it comes to 1MDB, and investigate those responsible for stealing money that belongs to Malaysians.

InstaReM announces expansion into Malaysia

Singaporean financial technology (fintech) company InstaReM will solidify its presence in the Asia-Pacific region through this expansion.

Polls question leaves investors uncertain on ringgit

A stronger currency would bolster claims of sound economic management, but Najib may be reluctant to have nation’s first rate hike since 2014 occur before GE14.

World Bank sees more risks ahead for ringgit

Malaysia remains exposed to foreign exchange rate risk with tightening of global financial conditions that may impact their sizeable external debt.

Bank Negara RCI raises questions

The RCI was formed only when Mahathir formed a new political party that is currently challenging Umno.

RCI grills Daim on Bank Negara’s forex losses

The former finance minister was questioned after he claimed ignorance of the central bank's foreign exchange trade.

I had no knowledge of BNM’s forex trading, says Daim

The former finance minister says he was only briefed about monthly reserves, not forex trading.

BNM: Tour operators, guides without a licence cannot be money changers

Bank Negara says it's illegal for any company or individual which does not have a foreign exchange licence to carry out currency exchange services.

Anwar summoned by BNM forex losses task force

The former DPM’s lawyer is not allowed to represent him during questioning at the finance ministry.

Malaysia’s ringgit crackdown saps volatility, deters investors

Bank Negara’s steps to curb trading in offshore non-deliverable forwards last year has made it harder for global funds to hedge their exposure to Malaysia.

Bank Negara acts against firm over ringgit trade

Central bank says it views breaches involving offshore ringgit trade seriously.

Bersih rally won’t put off foreign investors, says economist

Hoo Ke Ping says 1MDB 'an old and stale story' and investors may be more concerned about the falling ringgit.

Ignore rumours and concentrate on haj, pilgrims told

Tabung Haji has counters to exchange money, and minister denies that Malaysian ringgit not being accepted in Saudi Arabia.

Analyst sees ringgit at 4.10 to 3.95 next week

Global oil price movements and lack of US stimulus seen as factors on foreign exchange market.

Analysts expect ringgit to remain firm next week

Budget revision, Apandi's statement and global oil prices the main factors

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