Strong oil prices fuel ringgit higher by 50bps at opening
KUALA LUMPUR, April 15 — The ringgit climbed 50 basis points (bps) against the US dollar at the opening, fuelled by strong crude oil prices...
Bursa Malaysia recovers slightly in early trade
KUALA LUMPUR, April 14 — Bursa Malaysia recovered slightly from its two-day losing streak this morning after some bargain-hunting emerged in the local market. At...
Ringgit claws back to 4.12 level at opening
KUALA LUMPUR, April 14 — The ringgit clawed back to the 4.12-point level against the US dollar at opening today, a level last seen on...
Ringgit opens marginally lower at 4.132 vs dollar ahead of US CPI release
KUALA LUMPUR, April 13 — The ringgit opened marginally lower against the US dollar amid expectations of higher US bond yields ahead of the release...
Malaysian CPO stocks continue to rise in March 2021 — MPOB
KUALA LUMPUR, April 12 — Malaysian crude palm oil (CPO) stocks continued to increase in March 2021, growing 12.37 per cent to 742,742 tonnes from...
Ringgit opens flat at 4.13 against US dollar
KUALA LUMPUR, April 12 — The ringgit opened flat against the US dollar on Monday amidst higher United States’ (US) bond yields and finicky crude...
Pace of recovery at Malaysian banks set to exceed regional peers’ — Moody’s
KUALA LUMPUR, April 8 — Moody’s Investors Service says in a new report that the asset quality of Malaysia’s largest banks has been more resilient...
Ringgit easier against US dollar at opening on strong US economy
KUALA LUMPUR, April 8 — The ringgit eased against the US dollar on Thursday after the US Federal Reserve indicated that the US economy will...
Ringgit gaining interest among investors at opening, as US dollar retreats
KUALA LUMPUR, April 6 — The ringgit was higher against the US dollar at opening on Tuesday, lifted by buying support for the local currency,...
PwC: 83 pct respondents believe business negatively impacted by Covid-19
KUALA LUMPUR, April 5 — PricewaterhouseCoopers (PwC)’s second Global Crisis Survey revealed that 83 per cent of its respondents believed that business was negatively impacted...
Moderate recovery seen for Malaysia’s palm oil exports in 2021 — MPOC
KUALA LUMPUR, April 5 — Malaysia’s crude palm oil (CPO) exports are expected to see a moderate recovery with the CPO production reaching 19.6 million...
Ringgit unchanged against US dollar but higher versus other major currencies
KUALA LUMPUR, April 5 — The ringgit opened unchanged against the US dollar today but was higher versus a basket of major currencies, supported by...