GLOBAL: Kuala Lumpur-based World Islamic Economic Forum Foundation (WIEF) and the Greater London Authority will be cooperating to enhance trade and investment between Malaysia, ASEAN nations and the UK based on an Islamic finance platform, said Muzaffar Hisham, the CEO of Maybank Islamic Bank, the strategic partner of an upcoming WIEF forum...
For five days, more than 2,000 business and political leaders attended the annual World Economic Forum in the Swiss ski resort of Davos. Yet, while most speakers focused on the current economic turmoil, few – if any – had a solution in hand.
Five years after the financial crisis began, the global economy is not only safely out of the intensive care unit, it may soon be ready to leave the recovery ward. That’s not to say individual economies are back to pre-2007 robustness of health, but things are steadily getting better. Even Europe and Japan are growing again. In fact, for some major economies, 2014 may be a year of surprisingly rapid improvement. For his part, Sir John Major, former Prime Minister of the United Kingdom and Senior Advisor to Credit Suisse, believes that the U.S. and the U.K.
By David Urban:Many investors are focused on the events in Europe, the slowdown in China, the 2012 Elections and slowing economic growth in the United States. But unbeknownst to most, there is a new trading bloc coming into being in 2015 comprising over 600 million people and $2 trillion dollars in GDP, the ASEAN (Association of Southeast Asian Nations) community. Investors looking to diversify outside of the NASDAQ and S&P 500 should turn their eyes to this vibrant and growing community of nations.
MALAYSIA: Malayan Banking (Maybank) has officially launched its Shariah compliant asset management unit, Maybank Islamic Asset Management (Maybank Islamic AM) during the World Islamic Economic Forum yesterday...
For the sixth year in a row Canada’s banks have have been ranked the world’s soundest by the World Economic Forum.
Tied with banks in New Zealand, Canadian lenders achieved the highest score out of 148 countries, according to the World Economic Forum’s annual Global Competitiveness Report.
The results are compiled from an opinion survey.