Tuesday, January 19, 2010
Monday, January 18, 2010
Malaysia's Disastrous Capital Flight
MONDAY, 11 JANUARY 2010
Money leaves the country on an unprecedented scale
Churches are not the only thing to have been going up in flames in Malaysia. Take a look at the nation's foreign exchange reserves. They fell by close to 25 percent during 2009 according to investment bank UBS even though the country continued to run a huge surplus on the current account of its balance of payments.
Money leaves the country on an unprecedented scale
Churches are not the only thing to have been going up in flames in Malaysia. Take a look at the nation's foreign exchange reserves. They fell by close to 25 percent during 2009 according to investment bank UBS even though the country continued to run a huge surplus on the current account of its balance of payments.