KUCHING: Centre for Market Education (CME) economist Carmelo Ferlito has argued that lowering regulation in markets may reduce the chances of exploitation and unethical profit-seeking. The term “rent-seeking” is used to describe these kind of manipulations. Examples include trying to get government money, subsidies or rules in one’s favour for
“I always thought security was a joke at New York, and in US airports to begin with. You can go through any European or Middle Eastern airport and things are a lot tougher” – Richard Drew, American photographer NOT to brag or anything, but I have been on more plane
KUCHING: Universiti Malaysia Sarawak (Unimas) economist Jerome Kueh has suggested adopting a managed floating exchange rate policy to counter the persistent depreciation of the ringgit. According to Kueh, this approach should be considered as a delicate dance where the government occasionally steps in to guide the currency, just like a
KUCHING: The strength of the ringgit is influenced by a range of factors that are constantly changing and beyond anyone’s control, according to Centre for Market Education (CME) economist Carmelo Ferlito. He said that while interest rates play a role, they are not the sole determinant of the currency’s performance.
The last duty of a central banker is to tell the public the truth – Alan Blinder, vice chairman of the US Federal Reserve from 1994 until 1996. JUST a couple of days ago, I attended a regular meeting in a stuffy room at the headquarters of a big bank
KUCHING: A crisis negotiator has suggested creating teams of negotiators to help people who are struggling, especially those thinking about suicide. These teams should be placed in various locations throughout Sarawak. Dr. Gilbert Wong said that in order to effectively assist individuals who are feeling suicidal, it’s important to have
Offence is not a valid argument. It’s an emotional response that often hinders productive dialogue and stifles progress.” – Ayaan Hirsi Ali ((1969-present), a Dutch/American politician and author known for women’s rights advocacy. “We live in a culture where everyone is offended by everything. People are too sensitive. They get
People will go for anything they don’t understand, if it’s got enough hype– Miles Davis, an American jazz musician (1926-1991) Isn’t it a riot how we twist and turn words like soft pretzels to fit our own narratives and make sense of the world? Welcome to this wild circus where
KUCHING: The Covid-19 pandemic has made the issue of students falling behind worse, with more of them needing extra help. Lim Boon Yann, who heads the Science, Technology, Engineering, and Mathematics (STEM) division at Batu Lintang Teacher Education Institute (IPBL), said that students lost learning time because the pandemic stopped
KUCHING: A debate on why some students do better in math than others has come up again. Some say practice makes perfect, others say it’s a cultural thing, and some believe it’s all about being naturally smart. Lim Boon Yann, who heads the Department of Science, Technology, Engineering and Mathematics
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