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SINCE the start of 2023, many "de-dollarisation" events have taken place.
The on-going hype on “de-dollarisation” is unlikely to gain serious traction among the Association of South-East Asian Nations (Asean) over a number of practical and political reasons.
The State Bank of Vietnam should continue to take measures against dollarisation and goldenisation in the domestic economy as the markets remain potential risks to rising speculation and hoarding of assets, experts say.
WHETHER the dollar will cease to be a reserve currency within the following N number of years hinges on several factors, including the outcomes of military operation in Ukraine, the state of affairs in Taiwan, or even in Latin America — the United States' (US) own backyard. However, the process of de-dollarisation has started.
With recession expectations picking up, the factors supporting a strong US dollar are disappearing.
A global trend toward “de-dollarisation” has already begun. The last piece of “load-bearing wall” of the “US Empire State Building” has cracked, in other words
Indonesia has boosted its push toward downstreaming the mining sector with the opening of PT Freeport Indonesia's (PTFI) new precious metal refinery, but analysts suggest more needs to be done to maximise the benefits and secure the industry's ecosystem.
KUALA LUMPUR: Asean should work together with “like-minded countries”, such as those in BRICS, amid rapid changes in the global landscape caused by geopolitical shifts, economic crises and climate change, says Bait Al-Amanah founding director Dr Abdul Razak Ahmad.
KUALA LUMPUR: The Global South should unite, even in small ways to pursue shared goals, particularly because US President-elect Donald Trump has threatened tariff specifics for BRICS nations.
AS US tariff threats dominate headlines and markets reel, concerns mount from Washington to Kuala Lumpur.
KUALA LUMPUR: Bursa Malaysia staged a rebound from early losses to end the holiday-shortened trading week on a positive note, albeit in thin trading, supported by renewed buying interest, said an analyst.
PETALING JAYA: Malaysia will stand to both gain and lose when Donald J. Trump becomes the 47th US president, say experts.
From SIM YANG MING, Research assistant Bait Al Amanah (House of Trust).
Argentine presidential candidate Javier Milei will not implement his dollarisation plan overnight but in stages, along with a series of other policy steps, according to his economic adviser Diana Mondino.
Are we moving from a total war to three simultaneous wars – deficits, currency and energy?
As Malaysia navigates its path to becoming a high-income nation and a competitive economy within Asean, joining BRICS (Brazil, Russia, India, China and South Africa) presents Malaysia with a unique opportunity to enhance its economic position within this influential political, trade and economic bloc.
Gold's outlook for 2025 appears robust, as the precious metal continues to demonstrate its value as a hedge against inflation, geopolitical risks and economic uncertainties.
With the US presidential election looming just four months away, global markets are on edge, anticipating potential outcomes.
President-elect Donald Trump recently announced plans to impose a 100% tariff on imports from BRICS nations—Brazil, Russia, India, China, and South Africa—as well as their new members and partners, if they attempt to create or support a new currency designed to challenge the US dollar’s dominance.
KUALA LUMPUR: The BRICS-Asean partnership contains immense potential that cannot be ignored, says Institute of Strategic Analysis and Policy Research (Insap) chairman Datuk Dr Pamela Yong.
