The Importance of Financial Inclusion
Medium, small, and micro enterprises (MSMEs) make up 99% of total business in Malaysia. MSMEs also employ north of 7 million people, or, a staggering 65% of the employed population. To quote SME Corporation Malaysia’s definition, “it refers to firms with sales turnover not exceeding RM20 million OR number of full-time employees not exceeding […]
Watch out for Derivative Bombs in 2023
Introduction “In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.” Warren Buffett One still remembers the disastrous Global Financial Crisis (GFC) that happened over a decade ago and its ramifications that spurs reminiscence about undermined and proliferation of unregulated financial derivatives during that time. The […]
