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Musk says US going bankrupt ‘extremely quickly’

Musk says US going bankrupt ‘extremely quickly’

The US national debt currently stands at about US$35 trillion, according to the US Treasury Department.
Tue Sep 10 2024
Iran's capacity to move oil reliant on Malaysian providers, US official says

Iran's capacity to move oil reliant on Malaysian providers, US official says

The US Treasury is increasing its focus on financing for groups routed through Southeast Asia.
Tue May 07 2024
Ringgit opens higher against US dollar, other major currencies

Ringgit opens higher against US dollar, other major currencies

The ringgit opened slightly higher on Tuesday, driven by mild demand for the domestic note and the weakening of the greenback.
Tue May 07 2024
US Fed leaves interest rates unchanged amid surging Treasury yields

US Fed leaves interest rates unchanged amid surging Treasury yields

The US Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25-5.5 per cent, as yields on long-term US Treasury bonds have spiked in recent months, reported Xinhua.
Thu Nov 02 2023
Ringgit marginally higher against US dollar at close

Ringgit marginally higher against US dollar at close

At 6 pm, the local note stood at 4.1830/1855 against the greenback from yesterday's closing of 4.1835/1855.
Wed Sep 29 2021
Malaysia's Petronas raises $3 bln from bond offering

Malaysia's Petronas raises $3 bln from bond offering

The issuance was 2.46 times the initial offer size, and a 40-year bond tranche was the largest ever by a Southeast Asian issuer.
Fri Apr 23 2021
Ringgit lower at opening, as rising US treasury yields strengthen US dollar

Ringgit lower at opening, as rising US treasury yields strengthen US dollar

At 9 am, the local currency slipped to 4.0750/0780 against the US dollar from 4.0720/0760 at Friday's close.
Mon Mar 08 2021
US Senate confirms Yellen as first female Treasury secretary

US Senate confirms Yellen as first female Treasury secretary

Her immediate job in the first weeks of the new administration will be to help win Congress approval of $1.9 trillion rescue package.
Tue Jan 26 2021
US says recent hacking campaign hit government networks

US says recent hacking campaign hit government networks

Hackers believed to be working for Russia have been monitoring internal email traffic at the US Treasury and Commerce departments.
Thu Dec 17 2020
Biden to name Yellen to Treasury to lead US from sharp economic downturn

Biden to name Yellen to Treasury to lead US from sharp economic downturn

Investors see Yellen as a force for more fiscal action to combat the economic crisis unleashed by the COVID-19 pandemic.
Tue Nov 24 2020
Airbus, Boeing granted US license to sell planes to Iran

Airbus, Boeing granted US license to sell planes to Iran

The Boeing sales are the first from a US aviation company to an Iranian entity since the 1979 Islamic revolution.
Thu Sep 22 2016
US debt ceiling day October 17: What Happens?

US debt ceiling day October 17: What Happens?

The US Treasury says that from October 17 it will not have enough cash on hand to pay its bills unless the Congress increases the $16.7 trillion cap on its power to borrow more money.
Tue Oct 15 2013
Congress 'playing with fire' on debt ceiling: Lew

Congress 'playing with fire' on debt ceiling: Lew

Speaker John Boehner said the Republican-controlled House would not raise the US debt ceiling without concessions from the White House.
Sun Oct 06 2013
US Treasury chief not worried about market bubble

US Treasury chief not worried about market bubble

US Treasury Secretary said he was not worried about a potential financial bubble forming as Wall Street stocks racked up record highs
Thu Mar 14 2013
Jack Lew confirmed for Treasury post

Jack Lew confirmed for Treasury post

US President Barack Obama's former chief of staff Jack Lew was confirmed Wednesday as the next US Treasury secretary.
Thu Feb 28 2013
ISIS Malaysia's perspective of Budget 2025

ISIS Malaysia's perspective of Budget 2025

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024