KUALA LUMPUR: The ringgit pared last week’s gains to close lower against the US dollar today due to profit-taking, an analyst said. At 6 pm, the ringgit slid to 4.4500/4580 versus the greenback from Friday's close of 4.4200/4280. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the local note is currently in an...
KUALA LUMPUR: The ringgit rebounded to close firmer against the US dollar today, buoyed by a softer greenback amid declines in United States (US) Treasury yields. At 6 pm, the ringgit appreciated to 4.4710/4750 versus the greenback from yesterday's close of 4.4950/5010. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that the...
KUALA LUMPUR: The ringgit opened slightly higher today, extending its nine-day upward trajectory against the US dollar and lingering at an 11-month high. An analyst attributed this rise to the Federal Open Market Committee (FOMC) meeting yesterday, reinforcing investor expectations of a US interest rate cut in September. At 8 am, the ringgit marginally increased to 4.5875/5945...
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has arrested a company director and a law firm owner on suspicion of submitting false information related to foreign currency investments, totalling approximately RM38mil. Sources indicate that the two men, both in their 50s, are suspected of submitting false information, including investment plans, insurance protection schemes and weekly reports,...
KUALA LUMPUR: The ringgit opened easier against the US dollar today on mild profit-taking on the local currency in light of the sharp appreciation recently, said an analyst. At 9.20 am, the ringgit was traded lower at 4.69600/7015 against the greenback from Wednesday’s close of 4.6695/6755. Bank Muamalat Malaysia Bhd chief economist and social finance head Dr...
Mohd Azwan Haji Mohd Nor, or famously known as Wak Doyok, was recently named as the ambassador for a global Forex broker company called OctaFX. According to Murai, they also brought along actor Fizo Omar as their brand representative, apart from Wak himself. Taking to his Instagram, the celebrity entrepreneur took the opportunity to thank the...
