KUALA LUMPUR: The ringgit opened marginally higher against the greenback on Friday, trading with a wider spread amid lingering uncertainty over global tariffs and weak US economic data, an economist said. At 8 am, the local currency inched up to 4.3115/3310 versus the greenback from Wednesday’s close of 4.3130/3185. The market was closed on Thursday for the Labour...
KUALA LUMPUR: United States (US) tech giants Intel and Oracle have raised concerns about the impact of the United States' (US) tariffs on their operations in Malaysia, says Tengku Datuk Seri Zafrul Abdul Aziz. In a video posted on X (formerly known as Twitter), the Investment, Trade and Industry Minister said both companies had engaged with...
SYDNEY: Major stock indexes plunged in Asia on Monday as U.S. President Donald Trump showed no sign of backing away from his sweeping tariff plans, and investors bet the mounting risk of recession could see the Federal Reserve cutting rates as early as May. Futures markets moved swiftly to price in almost five quarter-point cuts in...
Gold prices climbed to their highest level in nearly 11 weeks on Tuesday as the U.S. dollar slumped following President Donald Trump's inauguration and investors sought the safe-haven metal to hedge against uncertainty sparked by his tariff plans. Spot gold climbed 0.7% to $2,725.70 per ounce by 0804 GMT and hit its highest since Nov. 6,...
PETALING JAYA: Starting next July, the base electricity tariff in Peninsular Malaysia will be raised by 14.2% to 45.62 sen per kilowatt-hour (kWh), along with a new tariff schedule. The change will take place under the three-year Regulatory Period 4 (RP4) that will be effective from Jan 2025 to Dec 2027. Under the RP3 2022-2024, base...
Malaysian bonds are turning vulnerable to further outflows as local yields are seen rising along with those on Treasuries with Donald Trump poised to be the next US president. The nation’s corporate and sovereign bonds saw a net outflow of 11.2 billion ringgit ($2.6 billion) last month, the most since March 2020, according to Bank Negara...
KOTA BHARU: Air Kelantan Sdn Bhd (AKSB) will use the revenue obtained from the water tariff adjustment to solve issues regarding leaking pipes and improve the quality of water supply services to consumers in the state. AKSB acting general manager Izani Ismail said that with the average increase of 23 sen per cubic metre following the...
ALOR GAJAH: The Melaka state government will announce its new water tariff on Wednesday (Jan 24) by prioritising the interests of consumers and stakeholders, says Chief Minister Datuk Seri Ab Rauf Yusoh. He said the water tariff adjustment would not burden the consumers too much, thus helping the sustainability of supply to all parties. "The ceiling level...
