Deputy D-G and kin held

document.write(parent.prscreen) By The StarSunday July 13, 2008 KLANG: Immigration Department deputy director-general Yusof Abu Bakar and a close relative have been remanded for five days by a magistrate’s court here to assist the ACA in a graft probe. Yusof, 54 and the relative were brought before the court at about 11.20am. The two were handcuffed … Read more

Biotechnology, the Environment and Alternative Media in Malaysia.

The Malaysian government has embarked on an ambitious path to make biotechnology a key driver of the country’s economic future. This burgeoning sector is being developed by a state with a problematic environmental track record, which does not bode well for the future. As mainstream Malaysian media are heavily controlled through a range of restrictive … Read more

The Impact of Asian Financial Crisis and the Spillover Effects on Three Pacific-Basin Stock Markets–Malaysia, Singapore and Hong Kong

The empirical results provide three interesting findings. First, the results indicate that both the US and the Japanese markets appear to be playing a significant role in transmitting the mean and volatility spillover effects in the Pacific-Basin region. Second, while the US market appeared to be more influential during the pre-crisis period, the Japanese market … Read more

The Efficiency of Non-Bank Financial Institutions: Empirical Evidence from Malaysia

By applying the non-parametric Data Envelopment Analysis (DEA) method this paper attempts to investigate the efficiency of Malaysian Non-Bank Financial Institutions (NBFIs), during the period of 2000–2004. Our results suggest that the merchant banks have exhibited mean overall efficiency of 78.1% while the finance companies’ mean overall efficiency was 91.3%.  Source International Research Journal of … Read more

The Demand for International Reserves in ASEAN-Five Economies: An Application of the ARDL Model

Economists generally accept the proposition that the optimal level of holding international reserves is mandatory, to ensure the stability of balance of payment. However, examining the determinants of international reserves is an important challenge not yet satisfactorily confronted by the profession in developing countries, especially ASEAN countries. Based on a dataset covering five ASEAN countries … Read more

The ASEAN-5 Economic Alliance: A Time Varying Convergence Analysis

A harmonised or converged group of economies would ensure meaningful economic collaboration within that group. This study evaluates if ASEAN-5, namely, Indonesia, Malaysia, the Philippines, Singapore and Thailand is converging in time. The long run macroeconomic relationship of ASEAN-5 is measured by their respective real gross domestic product. Subsequently, the time-varying convergence of ASEAN-5 is … Read more

Resisting and Transforming Space: The State, Environment and Indigenous People in Malaysia

The paper is concerned with the impact of development on the environment, particularly its effects on the indigenous peoples of Sarawak. Using the example of deforestation and logging, this paper seeks to focus on the local actions of indigenous peoples in Sarawak as they oppose and resist state developmental projects. The paper argues that the … Read more

MYR: Heading To 3.00 In 2008.

The article offers a forecast for the Malaysian ringgit in 2008 and 2009. The authors predict an ascent in the ringgit against the U.S. dollar by the end of the said periods underpinned by robust economic growth and account surplus. They cite the potential reintroduction of offshore trading in the ringgit due to strong balance … Read more