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...
