Article Related To local currency

The government and Bank Negara Malaysia (BNM) will continue to strengthen and improve existing channels and mechanisms to facilitate trade and investment transactions in the local currency.

The guidelines enhance consistency, scalability and efficiency in facilitating local currency transactions across the three countries.

At 8 am, the local currency climbed to 4.4600/4700 against the greenback.

The ringgit traded higher against the US Dollar in today's early session, driven by continued buying interest towards the local currency.

The local currency's performance was primarily driven by the US Federal Reserves' 50 basis points policy rate cut.

A boost in global market sentiment and strong domestic economic prospects have bolstered the local currency.

At 9.18 am, the local currency rose to 4.4550/4600 versus the greenback from Tuesday's close of 4.4570/4585

At 9.05 am, the local currency eased to 4.1540/1570 versus the greenback from 4.1530/1560 at yesterday's close.

At 9 am, the local currency slipped to 4.0750/0780 against the US dollar from 4.0720/0760 at Friday's close.

At 9.00 am, the local currency strengthened to 4.0390/0420 against the US dollar from Tuesday's close of 4.0420/0450.

At 9.15 am, the local currency traded at 4.0400/0450 against the greenback from yesterday's close of 4.0470/0500.

The ringgit opened lower against the US dollar today on low demand for the local currency versus the greenback, a dealer said.

Bank Indonesia, Bank Negara Malaysia, and the Bank of Thailand Friday concluded the signing of two bilateral Memoranda of Understanding (MoUs) on using local currencies for trade.

S&P said the outlook on the long-term rating remained stable.

Fitch Ratings has affirmed Malaysia's long-term foreign- and local-currency issuer default ratings at 'A-' with stable outlook.

The tariff plans imposed by the United States (US) will be one of the topics discussed at the 31st ASEAN Economic Ministers' (AEM) Retreat tomorrow.

A congestion charge is expected to reduce traffic congestion in Kuala Lumpur by around 20 per cent, said Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa.

Brazilian President Luiz Inacio Lula da Silva said that Brazil's BRICS presidency will strengthen BRICS' push for a multipolar world and fairer global relations, reported Xinhua.

Digital investments in Malaysia hit a record RM163.6 billion in 2024, compared to RM46.8 billion in 2023, driven by a stable government and pro-business policies

The Ministry of Education (MOE) has assured that Dewan Bahasa dan Pustaka (DBP) will always be prepared to provide the necessary infrastructure for developing new terminologies in the Malay language.

Reuters, The Associated Press, and Bloomberg News issued a statement on Wednesday warning that limiting the number of wire services with access to the White House

Gene Hackman, the intense character actor who won two Oscars, has died alongside his wife, pianist Betsy Arakawa, and their dog at home

Leading companies in Malaysias gig economy have raised concerns over the draft of the country's upcoming Gig Workers Bill, urging for refinement of key provisions before tabling it at the Parliament

The national household debt, which stood at RM1.63 trillion as at end-December 2024 -- equivalent to 84.2 per cent of gross domestic product (GDP)

The government and Bank Negara Malaysia (BNM) will continue to strengthen and improve existing channels and mechanisms to facilitate trade and investment transactions in the local currency.