KUALA LUMPUR: Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus does not foresee any major impact from the Norwegian sovereign wealth fund’s move to reduce exposure in emerging markets, including Malaysia. “We have a deep pool of domestic institutional investors. Even when there were periods of significant outflows, our bond yields did not move as much as what other countries were experiencing when they suffered the same kind of outflows. Bond yields increased after outflows but recently they declined to levels we saw beginning of the year,” she said. The outflows in April amounted to RM7.1 billion as a result of external developments, which Nor Shamsiah said is a normal feature of investing in financial assets. “There will be investors who take a shorter-term position and investors who take a longer-term position, so the varied participation of investors increases the depth of the market and is good for the Malaysian market,” she added. To … [Read more...] about Bank Negara: No major impact from Norway sovereign fund pullout
Bank 21 savage
Personal information sold by the salespeople comprised a customer’s name, phone number, address and even their parents’ names. Basic customer information, excluding their financial information, was sold for as low as 300 rupiah (US$0.21,Bt4.83) per piece of information. Personal information that included evidence of a customer’s financial health was typically sold for between 20,000 and 50,000 rupiah per piece of information. A credit card salesperson, identified only as RF, said last month that he had been selling the private information of 1,101 credit card holders compiled by a private bank between 2017 and 2018 for 350,000 rupiah, or around 318 rupiah per piece of infromation. “The information contains credit card holders’ personal data,” he said. The investigation confirmed the validity of the data, as a credit card holder whose private information was sold by the salespeople told Kompas that every piece of information … [Read more...] about Bank customers’ personal data sold to credit card salespeople
Major Philippine banks are still hoping that a cut in reserve requirement ratios, currently at 18 percent, will be decided keeping with the current condition of local and global financial markets. In March and June last year, the Bangko Sentral ng Pilipinas (BSP) allowed banks to bring down reserve ratios twice, from 20 percent to the current 18 percent by 100 basis points each, to free up about P200 billion for increased lending and bank investments. It was supposed to start a gradual easing in recognition of a slowdown in the entry of foreign investment funds to the country and the recovery of the US market and other major world economies. However, an escalation of inflation resulting from manipulated rice and food shortages in the local economy, with commodity prices rising by an average of 4.3 percent in the first half of 2018, led the BSP to temporarily hold back further reserve ratio reductions. Instead, the BSP continued with increasing its interest rates throughout the year in … [Read more...] about Time to bring down bank reserve ratios?
By Garnet Fraser Toronto Star Sun., May 5, 2019 There’s been an Alex Gibney documentary, there’s a movie in the works with Jennifer Lawrence and now Kate McKinnon in a Hulu limited series. If we’d been paying this much attention to Theranos while it was around, all of these people would be out of work. One firmly hopes that McKinnon’s project lets her take on Elizabeth Holmes be funny, because it is funny to pretend, as Holmes did, that your voice is an octave lower than it is, for years, so that gullible tech investors will think you’re for real. Giving people inaccurate medical tests is ... less funny. Maybe they’ll punch up those scenes with rimshots or Whoopee cushions or something. Mad melancholy moppet of rap Jaden Smith isn’t ready to tell us who his real father is, but the hints are getting pretty broad. (Backgrid photos) Article Continued Below Don’t be offended! Kesha just got her turn signals mixed … [Read more...] about Kicking off with Kate McKinnon: Stargazing
JACKSONVILLE, Florida: A Boeing jetliner with 143 people aboard from the US outpost at Guantanamo Bay, Cuba, slid off a runway into a shallow river in Jacksonville, Florida, on Friday (May 3) while attempting to land at a military base there during a thunderstorm, injuring 21 people.There were no reports of fatalities or critical injuries. The Jacksonville Sheriff's Office said on Twitter that all 21 of the injured were taken to a hospital, where they were listed in good condition.The plane, a chartered Boeing 737-800 arriving from Naval Station Guantanamo Bay in Cuba with 136 passengers and seven crew members, crashed into the St Johns river at the end of the runway at Naval Air Station Jacksonville at about 9.40pm local time, a spokesman for the Florida air base said."The plane was not submerged. Every person is alive and accounted for," the sheriff's office said on Twitter.The sheriff's tweet was accompanied by two photographs showing the plane, bearing the logo of Miami … [Read more...] about Boeing 737 slides off runway into Florida river, 21 hurt