KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today despite the US Dollar Index’s (DXY) strengthening, which should accelerate demand for the greenback. At 8 am, the local note traded slightly better at 4.4330/4465 against the greenback compared with Tuesday’s close of 4.4365/4400. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid...
KUALA LUMPUR: The ringgit opened higher against the US dollar and ASEAN currencies, lifted by positive sentiments ahead of the announcement of Malaysia’s inflation rate for June this Wednesday. At 8 am, the ringgit rose to 4.6815/6910 against the greenback from last Friday’s close of 4.6840/6875. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid...
KUALA LUMPUR: The ringgit rebounded to open slightly higher against the US dollar on positive sentiment ahead of the release of Malaysia’s advance second quarter of 2024 (2Q 2024) gross domestic product (GDP) estimates today. The Department of Statistics Malaysia (DoSM) is scheduled to release the 2Q 2024 GDP estimate data in the afternoon. At 8 am,...
KUALA LUMPUR: The ringgit retreated against the US dollar to open lower on Tuesday as the risk mood was dampened by cautious US Federal Reserve official's comments. At 9 am, the ringgit fell to 4.6910/6950 versus the greenback from Monday’s close of 4.6850/6875. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said as expected,...
PETALING JAYA: Dewan Rakyat Speaker Tan Sri Johari Abdul has the full authority to take stern action against MPs who misbehave while in the august House, says His Majesty Sultan Ibrahim, King of Malaysia. "I have given the green light to the Speaker to take action against those who cross the line, which includes suspending MPs...
KUALA LUMPUR: The opening of the five-kilometre Tun Razak Exchange (TRX) underground tunnel on Nov 29 is expected to reduce traffic into the city by 30%, said Works Minister Datuk Seri Alexander Nanta Linggi. He said the TRX tunnel, which also leads directly to Jalan Tun Razak, and the Smart tunnel will form a loop and...
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...
BAGAN DATUK: The RM460mil bridge here that spans across the Perak River and is about 1.5km in length, was opened by the Sultan of Perak, who consented to it being named Sultan Nazrin Shah Bridge. Sultan Nazrin Muizzuddin Shah, accompanied by Raja Permaisuri Perak Tuanku Zara Salim, was greeted on arrival at the event by Deputy...
KUCHING: The Segulai Sejalai musical presented in conjunction with the national-level Malaysia Day celebrations at Stadium Perpaduan, here, on Saturday (Sept 16) night drew rousing applause from the more than 5,000 people in the audience. The 20-minute, three-segment performance highlighted the quest for independence in the peninsula, Sabah and Sarawak up to the present day. The characters of freedom...
