Page 27 - Malaysian Ringgit News Today

Asia-Pacific stocks mostly rose Thursday, Nov. 23, with shares in Hong Kong climbing for the second session. Hong Kong stocks rose, with the Hang Seng Index...

SINGAPORE, Nov. 22, 2023 /PRNewswire/ -- CIMB Singapore is offering a no-frills, limited-time interest rate of 2.88%* per annum for all new business customers

Asia-Pacific stocks mostly grew Wednesday, Nov. 22. Hong Kong stocks were flat, with the Hang Seng Index flat at 17,734.60, while Japan's Nikkei 225 Index...

Malaysian stocks reversed a one-day gaining streak Wednesday, with the benchmark FTSE Bursa Malaysia KLCI dropping 0.5% to 1,455.89. Hap Seng Consolidated a...

AirAsia X Third Quarter 2023 Financial Results and PN17 Approval AirAsia X received approval for PN17 waiver application and posted 5th consecutive quarterly net profit...

KUALA LUMPUR, Nov 20 — The government’s move to collect taxes from the shadow economy which is estimated to contribute about 30 per cent to the Gross Domestic Product (GDP) is...

India should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlement of global trade in the local currency, think tank GTRI said on Sunday.

India Business News: India should focus on becoming a middle-income country before aiming to make the Indian Rupee a hard currency, according to the Global Trade Research

India should become a middle-income country and then push to make the INR (rupee) a hard currency, according to think tank GTRI. The process involves several factors, including economic stability, strong fiscal and monetary policies, political stability, and the presence of a reliable and stable store of value. The US Dollar is the most dominant hard currency, used in a significant majority of international transactions and as a benchmark currency for most commodities.

India should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlement of global trade in the local currency, think tank GTRI said on Sunday. Global Trade Research Initiative (GTRI) said that transforming a currency into a hard currency is a complex process that hinges on several pivotal factors. Firstly, economic stability is paramount; a country must exhibit low and stable inflation, consistent growth, and a balanced trade e...