Fashionable

Article Abstract:

Hong Kong and Malaysia have both intervened in financial markets, a tactic that has become fashionable with increased turbulence. Hong Kong has sought to boost stock prices by buying stocks, and Malaysia has ended foreign dealings in the Malaysian ringgit. The Malaysian government hopes to be able to cut interest rates without a sharp drop in the ringgit, and the government will be able to stimulate the economy through fiscal measures. The credibility of both governments could be affected by these interventions, which may only bring short-term benefits.

Securities and Commodity Exchanges, Administration of General Economic Programs, Security and commodity exchanges, Securities Exchanges, Foreign Exchange & Reserves Policy, Stock-exchange, Stock exchanges, Exchanges, Hong Kong, Foreign exchange market

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States of denial: South-East Asian economies

Article Abstract:

Current-account deficits in Thailand, Indonesia and Malaysia are growing at alarming rates, as their amazing economic growth rates begin to decline. Interest rates have been inching up, governments threaten action against imports, and their currencies may loosen their link with the US dollar.

Balance of payments, Thailand, Indonesia, Monetary policy

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For God and GDP: Malaysia

Article Abstract:

Mohamad is attempting to spur economic development while appeasing Malaysia's conservative Muslims, by promoting Islamic banking services. Islamic and regular commercial banks will offer profit-sharing dividends rather than interest payments, forbidden in Islam.

Banking industry

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