|
||||||
|
Bank Negara yesterday has announced the relaxation of foreign currency rules on the amount of borrowings by local companies and individuals as part of efforts to enchance Malaysia’s competitiveness. Details:
A resident or local company was free to [...] Arbitrage: refers to simultaneous buying and selling of foreign exchange. The profits are made from the difference between foreign exchanges prevailing in the different centres at the same time or in different currencies. Buying Rates: refers to the exchange rtaes on which foreign exchange dealers are prepared to buy in the market. Closing Position: it means that covering is either open [...] |
FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four, Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.
Also author to another very popular free educational accounting cum finance blog: http://basiccollegeaccounting.com under the branding of College Accounting Coach. |
|||||
|
Copyright © 2010 FINANCE ACCOUNTING COACH | Free Online Accountant Reference Site - All Rights Reserved |
||||||
Recent Comments