SHANGHAI: China's central bank made the biggest daily cash injection into the banking system via open market operations in nearly three months on Monday, to ease pressure from rising cash demand towards the end of the first half of the year. The People's Bank of China (PBOC) injected 100 billion yuan ($14.95 billion) worth of seven-day reverse repos, the biggest daily … [Read more...] about China c.bank makes biggest daily cash injection in three months
Injections
Philex Mining stock rights offer to proceed next month
Manuel Pangilinan-led Philex Mining Corp. is all set to stage its stock rights offering (SRO) next month as the company ramps up business activity. In a disclosure to the Philippine Stock Exchange, Philex Mining said it is planning to hold this fundraising activity from July 14 to July 25. Up to 842 million shares will be offered to the market at a maximum price of P4.81 … [Read more...] about Philex Mining stock rights offer to proceed next month
Engineer finds real calling in modern farming
Compiled by JUNAID IBRAHIM, C. ARUNO and R. ARAVINTHAN AN electrical engineer left his job to become a modern farmer and is generating over RM6,500 in income monthly. Aliff Haiqal Ibrahim, 32, used a fertigation system to plant vegetables at his hometown in Kota Tinggi, Johor. He returned to Kota Tinggi after working for three years as an engineer to care for his … [Read more...] about Engineer finds real calling in modern farming
A ‘Volcker recession’ in the making
AT the peak of the 1980s’ US inflation, Paul Volcker, then the Federal Reserve (Fed) chairman who stood at a towering height of 201 cm, made the extreme decision to hike interest rates to 20%. Not only is he the tallest Fed chairman in US history, he also held the record for hiking interest rates to levels unmatched till today. The main objective was to use the force of … [Read more...] about A ‘Volcker recession’ in the making
No recession expected
PETALING JAYA: The looming recession which is knocking on the doors of the advanced economies is not expected to rear its ugly head in corporate Malaysia, although the country may see some softening effect on its economy in the second half, economists say. On the whole, they agree that the nation’s strong economic fundamentals at this juncture would be able to withstand any … [Read more...] about No recession expected