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ON a September evening when many of Pakistan’s 165 million people were breaking their fast during the Muslim holy month of Ramadan, billionaire Mian Mohammad Mansha, the country’s richest man, was deciding whether to buy an Indonesian bank.
BANGALORE: At the beginning of the year it seemed Indian conglomerate Tata Group was on a dream run, first unveiling the world’s cheapest car and then buying the Jaguar and Land Rover brands from Ford Motor Co for US$2.3 billion.
IT IS time for the ringgit to be traded offshore once more as Malaysia’s fundamentals are a lot healthier than they were 10 years ago, said Aberdeen Asset Management managing director Gerald Ambrose.