Chinese RMB as a reserve currency
This is how I see the Chinese RMB becoming a reserve currency: 1. China buys raw materials from other countries and pays in RMB. 2. The exporting country keeps the RMB and use it to pay for products from China. 3. The unused RMB can be kept with the Chinese banking system to earn an attractive interest rate. 4. The RMB can be...
Malaysia GE: Youth voters remain a toss up
I read with interest the Opinion piece, “Malaysia GE: Youth voters remain a toss up” (ST, Nov 16) Firstly, let me explore its similarity with Singapore and compare its possible “implications” or influence between Malaysia and Singapore. Obviously, in this forthcoming Malaysia’s General Election, most leaders from respective...
The EU is going to implement CBAM
“Lao Lan, we have a problem.” Without looking up from his mobile, Lao Lan mutters, “What?” “The EU is going to implement CBAM.” Lao Lan doesn’t seem interested, “Is it some kind of continental ballistic missile?” KY rolls his eyes, “No, you idiot! It’s Carbon Border Adjustment Mechanism.” “Carbon what!?” KY...
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