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Ringgit edges higher vs US dollar after BNM holds rate at 3 pct

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 easier against US dollar but higher versus other major currencies in early trade

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 rebounds to open higher vs US dollar

Ringgit rebounds to open higher vs US dollar

US Federal Reserve chair Jerome Powell said the central bank will not wait until inflation hits two per cent to cut interest rates.
Tue Jul 16 2024
Ringgit extends gains versus US dollar in early trade

Ringgit extends gains versus US dollar in early trade

The ringgit extended its gains to open firmer against the US dollar on Friday, driven by the growing prospect of an interest rate cut.
Fri Jul 12 2024
Ringgit opens lower vs US dollar, stronger against other major currencies

Ringgit opens lower vs US dollar, stronger against other major currencies

The ringgit continued to open lower against the U.S. dollar amid higher-than-expected U.S. inflation data which suggested the Federal Reserve (Fed) might keep the interest rate steady.
Wed Feb 14 2024
Ringgit opens higher vs greenback amidst Fed's interest rate decision

Ringgit opens higher vs greenback amidst Fed's interest rate decision

The ringgit opened higher against the US dollar on Friday after the United States Federal Reserve decided to maintain its interest rate at 5.5 per cent.
Fri Feb 02 2024
[COLUMNIST] The EPF in an environment of interest rate hikes

[COLUMNIST] The EPF in an environment of interest rate hikes

EPF's financial performance for the first three quarters of FY 2023 is expected to have been sustained in the fourth quarter.
Mon Jan 22 2024
US Fed leaves interest rates unchanged amid surging Treasury yields

US Fed leaves interest rates unchanged amid surging Treasury yields

The US Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25-5.5 per cent, as yields on long-term US Treasury bonds have spiked in recent months, reported Xinhua.
Thu Nov 02 2023
Fixed income markets show signs of improving amid rising rates

Fixed income markets show signs of improving amid rising rates

As interest rates continue to rise globally, there are indications of improvement in the fixed income markets this year.
Fri Aug 04 2023
Bank Negara maintains Overnight Policy Rate at 3.00 pct

Bank Negara maintains Overnight Policy Rate at 3.00 pct

Global growth, however, remains weighed down by persistent core inflation and higher interest rates, BNM said.
Thu Jul 06 2023
EPF aiming to boost investment income

EPF aiming to boost investment income

Datuk Seri Amir Hamzah Azizan said easing concerns over issues such as interest rate hikes will help in generating better returns.
Tue Jun 13 2023
[COLUMNIST] Maintaining interest rate stability would have provided the necessary monetary policy space

[COLUMNIST] Maintaining interest rate stability would have provided the necessary monetary policy space

A pause would have provided the monetary policy space by cushioning the impact of a slowdown whilst allowing for cuts later.
Mon May 22 2023
US stocks plummet 1.6 per cent after Fed shakes markets with another rate hike

US stocks plummet 1.6 per cent after Fed shakes markets with another rate hike

The Fed raised its benchmark interest rate by another 25 basis points despite a banking crisis causing turmoil in the US financial sector.
Thu Mar 23 2023
Asian shares subdued after Fed hints at rate pause

Asian shares subdued after Fed hints at rate pause

Asian shares inched higher after the Fed Reserve hinted it could pause interest rate hikes following turmoil in the banking sector.
Thu Mar 23 2023
Boycotting restaurants and the economic cycle

Boycotting restaurants and the economic cycle

One fact that the community must realise is that the decrease in consumption will negatively impact many businesses.
Mon Jan 30 2023
COP29 climate summit draft proposes rich countries pay $250 billion per year

COP29 climate summit draft proposes rich countries pay $250 billion per year

The draft finance deal criticised by both developed and developing nations.
Fri Nov 22 2024
Bomb squad sent to London's Gatwick Airport after terminal evacuation

Bomb squad sent to London's Gatwick Airport after terminal evacuation

This was following the discovery of a suspected prohibited item in luggage.
Fri Nov 22 2024
Kelantan urges caution amidst northeast monsoon rains

Kelantan urges caution amidst northeast monsoon rains

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Fri Nov 22 2024
Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
Fri Nov 22 2024
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
Fri Nov 22 2024
KTMB provides two additional ETS trains for Christmas, school holidays

KTMB provides two additional ETS trains for Christmas, school holidays

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
Fri Nov 22 2024
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Fri Nov 22 2024
Findings by dark energy researchers back Einstein's conception of gravity

Findings by dark energy researchers back Einstein's conception of gravity

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
Fri Nov 22 2024
NRES responds to Rimbawatch press release on COP29

NRES responds to Rimbawatch press release on COP29

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Fri Nov 22 2024
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections

Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections

The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Fri Nov 22 2024