SHAH ALAM: The government seeks to gather ideas and opinions from the public to formulate the 13th Malaysia Plan (13MP), which is scheduled to be presented in Parliament next July, says Economy Minister Rafizi Ramli. To facilitate this, he noted that smaller engagement and discussion sessions are being held, in contrast to the previous approach of...
KUALA LUMPUR: The ringgit is expected to continue appreciating next week, despite traders remaining cautious about key United States economic indicators, said an analyst. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that several important data points to keep an eye on, including the US ISM index for the manufacturing sector,...
KUALA LUMPUR: The ringgit soared to 4.12 against the US dollar on Friday, emerging as one of the top-performing currencies globally. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid highlighted that the ringgit had strengthened by 1.6 per cent week-on-week against the US dollar. The local currency surged to 4.1230/1280 from yesterday’s close of...
KUALA LUMPUR: The ringgit rallied to 4.1275/1310 against the US dollar on Wednesday, marking its strongest level since June 2021. The local currency appreciated by 0.69 per cent compared with Tuesday’s close of 4.1550/1605. Bank Muamalat Malaysia Bhd chief economist, Dr Mohd Afzanizam Abdul Rashid said that the ringgit sustained its strong performance throughout the day, driven...
KUALA LUMPUR: The ringgit closed marginally higher against the US dollar on Monday as a lower domestic inflation rate helped to extend its recent gains, an analyst said. At 6 pm, the local currency climbed to 4.2000/2060 against the greenback, compared to last week's close of 4.2005/2070. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul...
KUALA LUMPUR: The ringgit strengthened against the US dollar at the close on Tuesday, in line with other regional currencies as market participants awaited the release of the US consumer price index (CPI) report tomorrow. At 6 pm, the local note bounced to 4.3400/3445 versus the greenback from yesterday’s close of 4.3700/3745. Bank Muamalat Malaysia Bhd chief...
KUALA LUMPUR: The ringgit extended last Friday’s loss to end easier against the US dollar on Monday on profit-taking following recent gains amid caution ahead of a US jobs report at the end of this week, an analyst said. At 6 pm, the local currency fell to 4.3550/3600 versus the greenback from last Friday’s close of...
KUALA LUMPUR: The ringgit maintained its upward trajectory against the US dollar today, in line with the local note’s broad-based appreciation against other major currencies, including the euro. At 6 pm, the ringgit surged to 4.3080/3140 against the greenback versus Wednesday’s close of 4.3425/3460. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the...
KUALA LUMPUR: The ringgit ended higher on Wednesday against the US dollar, consistently reaching fresh highs as traders saw an opportunity to accumulate the ringgit, with the anticipated US interest rate cut approaching, an economist said. At 6 pm, the ringgit advanced to 4.3460/3500 against the greenback versus Monday’s close of 4.3470/3505. Bank Muamalat Malaysia Bhd chief...
KUALA LUMPUR: The ringgit reached an 18-month high today, driven by concerns of a potential recession in the United States, said an analyst. At 6 pm, the ringgit strengthened to 4.3805/3850 against the US dollar, marking its best performance since Feb 14, 2023. On Friday (Aug 16), the ringgit closed at 4.4295/4350 against the greenback. Bank Muamalat Malaysia...
