Ringgit opens marginally higher vs US dollar, traders await Budget 2025
Dr. Mohd Afzanizam says Budget 2025, set for tabling today, is key, with traders likely focusing on next years fiscal deficit targets.
Fri Oct 18 2024
Ringgit rises against US dollar on Budget 2025 outlook
Dr Mohd Afzanizam Abdul Rashid said attention on Friday's budget announcement would drive market sentiment this week.
Mon Oct 14 2024
Ringgit opens higher against US dollar on firmer oil prices
Dr Mohd Afzanizam Abdul Rashid expects the ringgit to remain soft as the tension in the Middle East has yet to subside.
Tue Oct 08 2024
Ringgit opens marginally higher vs US dollar as traders assess Feds next move
Traders are reassessing their stand on the US Fed's next move given the high possibility that a soft-landing scenario would materialise.
Mon Oct 07 2024
Ringgit kicks off the week in steady mode, bullish outlook remains
The ringgit opened almost flat and is expected to retain its bullish trend as the US Fed rate cut last week signalled a soft landing for the US economic growth
Mon Sep 23 2024
Ringgit opens stronger vs greenback amid hopes of US rate cuts
At the opening, the ringgit traded mostly lower against a basket of major currencies.
Tue Sep 17 2024
Ringgit breaches 4.30 level against US dollar, hits 20-month high
The market appears to be expecting a Fed rate cut of between 25 and 50 basis points, says Dr Mohd Afzanizam Abdul Rashid.
Fri Sep 13 2024
Ringgit opens higher against weakening US dollar
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) slipped 0.31 per cent to 101.366.
Fri Sep 13 2024
Ringgit edges higher vs US dollar after BNM holds rate at 3 pct
BNM held the interest rate steady as the current monetary policy stance remains supportive of the economy.
Fri Sep 06 2024
Ringgit opens slightly higher against US dollar
Dr Mohd Afzanizam Abdul Rashid said the US equities market fell quite significantly.
Wed Sep 04 2024
Ringgit easier against US dollar but higher versus other major currencies in early trade
Dr Mohd Afzanizam Abdul Rashid said the ringgit should stay positive today as the Fed is on track to reduce its interest rates this month.
Mon Sep 02 2024
Ringgit extends rally against US dollar, taking cue from Bursa Malaysia gains
Foreign investors' strong interest in Malaysia's capital markets has boosted demand for the ringgit, said Dr. Mohd Afzanizam.
Wed Aug 28 2024
Ringgit no longer undervalued, may hit RM4.25 by year-end: Economist
Mohd Sedek said the ringgit's value is now primarily driven by market dynamics, dictated by supply and demand forces.
Wed Aug 28 2024
Ringgit opens flat against USD
The ringgit remained unchanged at 4.4295/4350 compared to the greenback from last Friday's close of 4.4295/4350.
Mon Aug 19 2024
Ringgit resumes uptrend to open higher against US dollar
Dr Mohd Afzanizam Abdul Rashid said ringgit's performance has been quite sanguine amidst the anticipation of a better GDP data for 2Q 2024.
Wed Aug 14 2024
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024