Bloomberg Malaysia’s parliament on Thursday passed a bipartisan bill to curb defections by lawmakers, a major cause of political instability and a sign that elections may be round the corner. The ban on party-hopping was approved with a more than two-thirds majority and is part of a series of reforms introduced by Prime Minister Ismail Sabri in September aimed ...

  Bloomberg HSBC Holdings Plc and Standard Chartered Plc maintained their best lending rates Thursday even as the city’s monetary authority raised its base rate to keep pace with the Federal Reserve, a move that will likely stave off some pressure on homeowners and businesses for now. Hours after the Hong Kong Monetary Authority (HKMA) said it would raise its ...

  Bloomberg The Reserve Bank of India’s (RBI) intervention in the foreign-exchange market to protect the rupee that tested a series of record lows in recent months is pushing shorter rates to multi-year highs. The government’s borrowing costs for a three-month Treasury bill surged to the highest in three years at an auction. The weighted average call rate, an interbank ...