US signals support for increase in World Bank funding
US Treasury Secretary Steven Mnuchin on Saturday signaled Washington would support the World Bank request for a sharp increase in lending capacity in exchange for reforms to curb loans to higher income countries like China.
PUTRAJAYA (May 24): The Ministry of Finance (MoF) has provided a breakdown of the federal government's RM1.087 trillion financial obligations as highlighted by the Prime Minister Tun Dr Mahathir Mohamad previously.
In a statement today, Finance Minister Lim Guan Eng said the total amount of government liabilities included Federal government debt, Government Guarantees, and lease payments for Public Private Partnership (PPP) projects such as construction of schools, hostels, roads, police stations, hospitals, etc.
KUALA LUMPUR/SINGAPORE (May 25): Singapore's third derivatives exchange kicked off trading on Friday with the launch of palm oil futures, with other contracts expected down the line.
The U.S. dollar-denominated palm olein futures will give traders another option beyond benchmark ringgit-denominated contracts offered from Malaysia, as the Asia Pacific Exchange (APEX) looks to get a foothold in the region.
APEX's September palm olein futures contract opened at US$635 a tonne and was last down 0.3%. A November contract was up 1.7%, after opening at US$650 a tonne.
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