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 borrow any amount in foreign currency from its non-resident non-bank parent company, other resident companies within the same corporate […]

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 […]