Prof Zilfalil heads the Malaysian Node of the Human Variome Project and is also Unesco Chair in Human Genetics on Thalassaemia, a programme that involves over 850 institutions across 117 countries.
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Prof Zilfalil heads the Malaysian Node of the Human Variome Project and is also Unesco Chair in Human Genetics on Thalassaemia, a programme that involves over 850 institutions across 117 countries.
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Prof Dr Kee Keh Hooi from the School of Medicine, Tsinghua University in Beijing.
https://www.med.tsinghua.edu.cn/en/info/1352/1446.htm
Did you know that China is doing stem cell experiments in space? Get to know more about China's space explorations in this episode.
Guest: Prof Dr Kee Keh Kooi (Scientist, Tsinghua University)
To watch the full interview with Dr Kee, follow @realchuwai on Facebook and YouTube.
The move to dedollarise will not only reduce financial-market volatility caused by US monetary conditions, but it can also help reduce costs, he says.
Afzanizam explains: “Any change in the US monetary policy will affect the global financial market. This is a problem, as it can sometimes create excessive volatility in foreign-exchange markets.”“Because of this, companies and investors have to hedge their exposure to mitigate currency risks. Hedging is cost to businesses and investors. Therefore, the incentives to do away with the US dollar is high,” he says.
Afzanizam tells Starbizweek if there were currencies that could provide better alternatives in terms of stability and predictability, dedollarisation would certainly gain further traction.
According to Sunway University economics professor Yeah Kim Leng, dedollarisation, that results in improved global economic and financial stability leading to increased trade and investment flows, will be beneficial to small and open economies like Malaysia. “As a trading nation, pragmatic and nimble government and company-level policies and strategies are vital to cope with the potential fallouts and opportunities arising from dedollarisation that may or may not lead to a more stable and progressive global economic order,” he explains.“Portfolio investors may undertake portfolio adjustment in anticipation of the dedollarisation. This could induce assets price fluctuations in the debt and equities markets as investors stay on the sidelines, while assessing the potential risks and costs associated with a disorderly transition of the dedollarisation,” Lee says.
Lee: the wide and deep us dollar fluctuations could impact trade, investment and capital flows.
Regardless of the transition costs and risks, Malaysia has to continue strengthen its domestic financial markets, enhance policy credibility, and foster regional and multilateral cooperation in the provision of liquidity arrangement. “The development of deep and liquid domestic financial markets is a prerequisite for buffering against the impact of dedollarisation,” he says.Meanwhile, Malaysia University of Science and Technology economics professor Geoffrey Williams sees two basic scenarios pertaining to dedollarisation.
“The first is that the use of the US dollar will slowly decrease, as more countries settle trade and investment in bilateral currencies. This will continue as BRICS and smaller countries get onboard.
“The second scenario is that there will be a tipping point where the US dollar will quickly lose reserve currency status as happened to pound sterling after World War II. There are many possible triggers of this, but they are very speculative and involve a major crisis,” he adds. Williams says the United States will defend the dollar and so long as the dollar is used for oil, metals and commodity trades as well as intergovernmental settlement of debt, it will retain its role.The enormous and deep US debt markets have been touted as a major factor for the continuing dominance of the US dollar in global financial markets, according to Yeah.
Therefore, as countries diversify their reserve currencies and reduce dependence on the US dollar, one could expect global financial markets to face higher volatility and uncertainty, he says.
On Malaysia’s effort to wean off US dollar dependence, Yeah points out that it will be a gradual process. “This will be in line with global shifts in international trade, capital flows and financial markets, whereby the process is driven by market forces and factors such as transaction costs, riskiness, accessibility and convenience,” he says. As a start, Malaysia can consider trading its oil and other natural resources in local currencies with countries with which it has bilateral agreements, says HELP University economist Paolo Casadio. Further, he notes, Malaysia can have a meaningful and impactful transition towards less reliance on US dollar by coordinating its effort with other economic blocs, such as BRICS, to set up a new system. “There are long-term benefits for Malaysia as well as for all the other developing countries in eliminating the (US dollar) monopoly,” Casadio says, pointing to a more stable and equitable exchange rate as an example.“Continuing US economic instability coupled with the government’s penchant to apply sanctions for geopolitical reasons will also motivate the rest of the world to band together to find a viable alternative while reducing dependence on the dollar for trade, financing and foreign reserves,” he adds.
Musk's disclosure is significant because it implies that the US government can monitor everyone on Twitter. How extensive is the US surveillance network and how deep does it penetrate the world? The US government owes the world an answer: Global Times Commentator Hu Xijin
Calling the leak of highly classified Pentagon documents "another PRISM incident," Chinese experts on Tuesday said it gives a rare chance to glimpse into how the US spies on its allies, which will exacerbate the lack of strategic mutual trust between them and deal a heavy blow to Washington's strategy of maintaining global hegemony.
The US owes a responsible explanation to the international community, especially to the United Nations, and should take concrete actions to fulfill its responsibilities and obligations as the UN's host country, the Chinese Foreign Ministry said Wednesday, after the UN formally lodged concerns to the US over reports of the US spying on UN Secretary-General Antonio Guterres and other senior UN officials.
Facts repeatedly prove that the US, which believes in the principle of power, is not softer on its allies when it comes to using intelligence as a tool for blackmailing and coercion than it is toward a powerful "opponent."
Imperialist relations are never based on 'trust'
"The US will continue to use every possible form of technology to spy on its allies, its own citizens and its opponents. Imperialist relations are never based on 'trust,'" said Sara Flounders (Flounders), a political writer and activist for 50 years in the US, in an interview with Global Times (GT) reporter Wang Wenwen. Flounders is a contributing editor of Workers World Newspaper and helps coordinate the International Action Center and the United National Antiwar Coalition.
Regardless of the authenticity of the leaked documents purportedly revealing details of four Chinese "balloons," the purpose of the US' continuous hyping of the incident is to create a consensus of fear toward China among Americans, and to hype so-called China's lack of respect to the US in the international community, experts said on Sunday.
Leaked US, NATO documents on Ukraine's military operation show 'serious disunity within the West'US' China policy is becoming increasingly self-contradictory and ridiculous, experts said, as while Washington wishes to send senior officials to China to seek dialogue on key issues and US military officers complain about obstacles to engaging with their Chinese counterparts, ...
Chinese President Xi Jinping has stressed that China will remain steadfast in comprehensively deepening reform and expanding high-standard opening-up, while also emphasizing that Chinese modernization is essentially different from Western modernization, which has features such as polarization and plunder, according to the Xinhua News Agency on Thursday.
“I as a Pakistani can say that Pakistan has benefited tremendously from the Belt and Road Initiative (BRI) that China proposed,” said special assistant to the Pakistani Prime Minister and former special envoy for the China Pakistan Economic Corridor (CPEC) Zafar Uddin Mahmood.
More people are falling sick and seeking treatment at hospitals as the Air Pollutant Index readings seem to be going up in parts of the country. With the hazy and dry conditions, and Covid-19 still a concern, health experts are advising people to wear face masks when they are outdoors.
The website also forecast that the AQI in Kuala Lumpur on Friday (April 21) and Saturday (April 22), when Hari Raya Aidilfitri is expected, would be moderate, with readings of 80 or higher.
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