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Ringgit extends uptrend against greenback in early trade

Ringgit extends uptrend against greenback in early trade

At 8 am, the local currency climbed to 4.4600/4700 against the greenback.
Fri Nov 22 2024
Ringgit advances as domestic optimism offsets US rate concerns

Ringgit advances as domestic optimism offsets US rate concerns

Dr Mohd Afzanizam Abdul Rashid said Malaysia's third-quarter economic data indicated the economy was on track for stronger growth this year.
Mon Nov 18 2024
Ringgit weakens versus US dollar as global uncertainties intensify

Ringgit weakens versus US dollar as global uncertainties intensify

Dr Mohd Afzanizam says, the ringgit is already oversold, indicating that its downside risks are limited.
Mon Nov 11 2024
Ringgit opens higher despite stronger US dollar on Trump's return to presidency

Ringgit opens higher despite stronger US dollar on Trump's return to presidency

President-elect Trump is expected to favour populist measures which could drive higher domestic demand and corporate earnings growth.
Thu Nov 07 2024
FBM KLCI rises in opening trade ahead of OPR, US election results

FBM KLCI rises in opening trade ahead of OPR, US election results

The FTSE Bursa Malaysia KLCI advanced 4.01 points to 1,624.71.
Wed Nov 06 2024
Ringgit rebounds, opens higher against weakening greenback

Ringgit rebounds, opens higher against weakening greenback

Dr Mohd Afzanizam Abdul Rashid said the ringgit is likely to trade sideways as markets prepare for a busy week.
Mon Nov 04 2024
Ringgit rebounds, opens slightly higher against US dollar

Ringgit rebounds, opens slightly higher against US dollar

Dr Mohd Afzanizam Abdul Rashid expects the ringgit to remain soft against the US dollar, driven by external events.
Tue Oct 29 2024
Ringgit opens slightly higher against US dollar

Ringgit opens slightly higher against US dollar

Dr Mohd Afzanizam Abdul Rashid said the US presidential election next week will be high on the agenda.
Mon Oct 28 2024
Ringgit extends positive momentum to open higher against US dollar

Ringgit extends positive momentum to open higher against US dollar

The ringgit traded higher against the US Dollar in today's early session, driven by continued buying interest towards the local currency.
Mon Oct 21 2024
Ringgit opens marginally higher vs US dollar, traders await Budget 2025

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
Budget 2025: Any minimum wage increase unlikely to exert significant inflationary pressure - Economist

Budget 2025: Any minimum wage increase unlikely to exert significant inflationary pressure - Economist

Key factors in determining the minimum wage include the poverty line income, productivity growth, and the consumer price index.
Thu Oct 17 2024
Ringgit rises against US dollar on Budget 2025 outlook

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 strengthens 14.4 pct vs USD in 3Q 2024; One of the best performing currencies globally

Ringgit strengthens 14.4 pct vs USD in 3Q 2024; One of the best performing currencies globally

The local currency's performance was primarily driven by the US Federal Reserves' 50 basis points policy rate cut.
Wed Oct 09 2024
OPR likely to be unchanged; Ringgit forecast at 4.25 vs USD year-end - Kenanga

OPR likely to be unchanged; Ringgit forecast at 4.25 vs USD year-end - Kenanga

Fiscal policy shifts and external risks, such as geopolitical tensions, could still influence the central bank's stance, says Kenanga.
Tue Oct 08 2024
Ringgit opens higher against US dollar on firmer oil prices

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
King Charles' coronation cost GBP 71mil, govt accounts show

King Charles' coronation cost GBP 71mil, govt accounts show

The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Fri Nov 22 2024
Couple and associate charged with trafficking 51.9 kg of meth

Couple and associate charged with trafficking 51.9 kg of meth

A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
Fri Nov 22 2024
PDRM to consult AGC in completing Teoh Beng Hock investigation

PDRM to consult AGC in completing Teoh Beng Hock investigation

The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Fri Nov 22 2024
Thai court rejects petition over ex-PM Thaksin's political influence

Thai court rejects petition over ex-PM Thaksin's political influence

Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Fri Nov 22 2024
Abidin takes oath of office as Sungai Bakap assemblyman

Abidin takes oath of office as Sungai Bakap assemblyman

The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
Fri Nov 22 2024
UPNM cadet officer charged with injuring junior, stomping on him with spike boots

UPNM cadet officer charged with injuring junior, stomping on him with spike boots

A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
Fri Nov 22 2024
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Fri Nov 22 2024
Elon Musk blasts Australia's planned ban on social media for children

Elon Musk blasts Australia's planned ban on social media for children

Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.
Fri Nov 22 2024
Trump picks Pam Bondi for US Attorney General after Gaetz withdraws

Trump picks Pam Bondi for US Attorney General after Gaetz withdraws

Bondi was the top law enforcement officer of the country's third most populous state from 2011 to 2019, and served on Trump's Opioid and Drug Abuse Commission during his first administration.
Fri Nov 22 2024
Ringgit extends uptrend against greenback in early trade

Ringgit extends uptrend against greenback in early trade

At 8 am, the local currency climbed to 4.4600/4700 against the greenback.
Fri Nov 22 2024