Carian mengenai topik ringgit

Dr. Mohd Afzanizam says Budget 2025, set for tabling today, is key, with traders likely focusing on next years fiscal deficit targets.

Key factors in determining the minimum wage include the poverty line income, productivity growth, and the consumer price index.

Dr Mohd Afzanizam Abdul Rashid said attention on Friday's budget announcement would drive market sentiment this week.

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

Fiscal policy shifts and external risks, such as geopolitical tensions, could still influence the central bank's stance, says Kenanga.

Dr Mohd Afzanizam Abdul Rashid expects the ringgit to remain soft as the tension in the Middle East has yet to subside.

The ringgit's remarkably strong performance in Q3 2024 suggests that factors beyond the dollar's depreciation influence its rise.

Traders are reassessing their stand on the US Fed's next move given the high possibility that a soft-landing scenario would materialise.

Datuk Seri Abdul Rasheed said Malaysia's projected economic growth rate of 4.0-5.0 per cent for this year is also a positive factor.

According to Bank Negara Malaysia, projected foreign currency inflows amount to US$2.58 billion in the next 12 months.

The Malaysian Consultative Council of Islamic Organisations (MAPIM) urges all parties to support efforts to restore the economy.

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

Datuk Seri Abdul Rasheed said Malaysia's positive economic outlook and structural reforms are also propelling the ringgit's rise.

Dr. Mohd Afzanizam said Malaysia's open economy is highly sensitive to external factors like international trade and capital flows.

At the opening, the ringgit traded mostly lower against a basket of major currencies.

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.

The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.

The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.

The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.

The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.

The report said Budget 2025 will entail efforts to position Kuala Lumpur as a top 20 global startup hub by 2030 through the KL20 initiative.

Special Cabinet Committee on National governance is established to curb corruption, law reforms to modernise outdate regulations, MoF said.

The govt will also incentivise hiring women returning from career breaks, offer job matching and improve care services facilities.

Budget 2025 will continue prioritising upskilling and retraining initiatives to equip workers with the latest skill sets necessary.