A debt default by the state-owned Dubai World has caused investors to sell off shares in Asian banks and raised fears of renewed financial turmoil. read more...

The sales value of the manufacturing sector in March this year posted a drop of 25.5 per cent, or RM12.5 billion year-on-year, to RM36.6 billion.   read more...

On Monday 4th of May 2009, Mr. Jeremy Joseph, the Chairman of the Shipping and Admiralty Law Committee, Mr. Tony Woon the treasurer of the Bar Council, and Ms. Ahalya Mahendra, who is a member of the Shipping and Admiralty Law Committee met the Minister of Transport, Datuk Seri Ong Tee Keat to discuss the setting up of an admiralty court.  Also present at the meeting were Dato' Captain Hj Abdul Rahim Abd Aziz (Special Maritime Advisor, MOT), En.Abdullah Basiron (Secretary, Maritime Division, MOT), Dato' Captain Ahmad (Director-General, Jabatan Laut Semenanjung Malaysia).   read more...

The Malaysia External Trade Development Corporation (MATRADE) will focus on marketing missions to emerging markets in Asean, West Asia, China, Central Asia and Latin America this year to ensure a stronger presence for the services and manufacturing sectors.   read more...

The US economy contracted at a surprisingly sharp 6.1 per cent rate in the first quarter as exports and business inventories plummeted.   read more...

Malaysia needs to liberalise its services industry to attract more investment from foreign companies like Tesco, a top official from the country’s main investment promotion agency said today. read more...

The distractions have finished. In the US, the inauguration is over and President Obama has stepped into the Oval Office to preside over a bankrupt nation. Over the days ahead - reality will return. read more...

BEIJING, CHINA, MON:

President Hu Jintao said China's unemployment will be ¡°very serious¡± next year and that maintaining social stability was very important as the country battles the global economic crisis.

¡°Our top economic target next year is to maintain a stable and healthy growth,¡± the Chinese leader was quoted as saying by the official Xinhua News Agency during a three-day visit to northeastern Liaoning province from Friday to Sunday.  read more...

When the recession messes with your love life

Miracle of miracles, the current economic crisis doesn't look like it's going to saddle you with major financial setbacks. Your significant other, however, hasn't been so lucky.  read more...

WASHINGTON - US President-elect Barack Obama vowed to address economic crisis after inauguration on Friday at his first press conference after he won the presidential elections, with his economic advisors and chief of staff at presence
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In his first public remarks since delivering his victory speech three days ago, President-elect Barack Obama vowed Friday that restoring the nation's economic equilibrium will be a priority of his administration.
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The global financial turmoil presents new opportunities for Hong Kong to enhance its competitiveness. That was the message in Hong Kong Chief Executive Donald Tsang's policy address last month.
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KOTA BARU: Act more decisively and respond faster to the ongoing global financial meltdown, said former Finance Minister Tengku Razaleigh Hamzah .Words alone are inadequate to calm the market place jitters. Corrective action and a hastened effort to reduce political uncertainty must be put in place now, Tengku Razaleigh said in a statement.
" The meltdown will change the global financial landscape forever,¡± he predicted.  read more...

KUALA LUMPUR : Malaysia is not going into recession at the moment because of its strong economic fundamentals, reserves and trade surplus, Datuk Seri Abdullah Ahmad Badawi said.

The country also had high domestic savings and a stable currency which was not subjected to fluctuation, the Prime Minister said when commenting on Malaysia 's current standing following Singapore 's announcement of anti-recession measures.read more...

WASHINGTON (CNN) -- World leaders, warning of a global economic downturn, pledged Saturday to work together to find solutions to what is unfolding as the worst financial crisis since the Great Depression.

U.S. President George W. Bush and finance officials from the Group of Seven, Group of 20 and the International Monetary Fund -- gathering in the nation's capital -- vowed vigilance in helping economies around the world on the road to recovery. read more...

WASHINGTON -- Deputy Governor of the People's Bank of China Yi Gang called for international cooperation on Saturday to restore global financial stability.

"Our current priority is to enhance international cooperation to prevent further deterioration and spillover of the crisis and restore global economic and financial stability," Yi said. read more...

A group described as “the young lawyers” is mounting a rebellion against the Bar Council, calling for reform and justice within the legal profession.
Just a fortnight ago, the group, which claims to represent three-quarters of the 12,000-odd lawyers in the peninsula,
voiced their frustrations through a statement at a legal convention. read more...

New Delhi: Eighteen years after it started opening up its economy, India, for the first time, has replaced China as the most promising destination for foreign direct investment in the medium-to-long term, says a UN agency.
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Trans-Atlantic sniping over the global financial crisis intensified Thursday after President Bush cited an influx of foreign money into the United States as one of the root causes of the credit crunch.
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