26
Sab, Mei
823 ARTIKEL BARU

The past few years have seen pundits fretting over the future of the dollar, but it’s place has never been more secure.

Don’t look now, but the U.S. dollar is on a tear. Here’s Geoffrey Smith with the details:

The U.S. Dollar Index, which measures the buck against six major western currencies but not against emerging market currencies such as China’s yuan, has risen 7.1% in the third quarter, its biggest quarterly rise since the 2008 market panic . . . the world’s premier reserve currency is also at seven-month highs against Brazil’s real and Mexico’s peso, and near a six-month high against India’s rupee. The only major trading partner it isn’t strengthening against is the yuan, partly because of weaker demand for commodities (which are priced in dollars) from a slowing Chinese industrials sector.

That’s right, despite the many warnings in recent years that Fed policies are destroying the value of the dollar, the greenback hasn’t been stronger since the financial crisis. As Smith points out, the short-term reasons for the dollar’s surge is clear: the Federal Reserve is winding down its bond buying program while Japan is still pumping reserves into its banking system and Europe

KUALA LUMPUR, March 20 (Bernama) -- The ringgit opened lower against the US dollar today on lack of demand for the local note as investors remained bullish on the greenback. At 9 am, the local note was quoted at 3.7125/7155 to the US dollar from Thursday's 3.7030/0080.

Meanwhile, the ringgit traded mostly lower against other major currencies. It depreciated to 2.6747/6788 versus the Singapore dollar from 2.6719/6769 on Thursday and eased to 3.0758/0788 against the yen from 3.0674/0728

The sad truth is we Malaysians are addicted to our subsidies. The laundry list of items and services that are subsidised is long – ranging from our daily food items, transport, medical and education. However, we can’t continue with these subsidies indefinitely not only are they unsustainable but also just bad fiscal management of our country’s wealth.

Fuel is one of the biggest subsidies in our country. In 2013, the cost of petrol and gas subsidies in Malaysia were estimated to be around RM45 –

mosques20 THE BIG national debate has returned: Is Malaysia an Islamic country or a secular state? The Muslim majority of the country’s 30 million people would probably say it is an Islamic nation while the 40 per cent that make up the non-Muslim population would insist it to be secular. There was a time when it did not matter because religious and racial issues were strictly avoided in public discussions and discourse between people of different faiths. And, because of this, there was no discord