Ringgit Closes At 3.96 Vs US Dollar For First Time Since 2018

By Abdul Hamid A Rahman

KUALA LUMPUR, Jan 26 (Bernama) -- The ringgit spiralled to breach the 4.00 psychological level at the close today against the US dollar, as the currency extended its uptrend that began last week, reflecting improving sentiment toward the country’s economic fundamentals and policy stability.

Exsim Hospitality Bags RM21.9 Mln Mixed Commercial Interior Fit-out Job

KUALA LUMPUR, Jan 26 (Bernama) -- Exsim Hospitality Bhd (EHB) has bagged a RM21 million contract to carry out interior fit-out works for a 50-storey mixed commercial development here. 

OCBC: Upbeat Growth, Encouraging Fundamentals To Boost Investor Confidence In Malaysia

KUALA LUMPUR, Jan 26 (Bernama) -- Malaysia’s fundamentals “remain encouraging,” supported by quality foreign direct investment (FDI) inflows, upbeat growth, a wider trade surplus and a clear commitment to fiscal consolidation, said OCBC Group Research.

FBM KLCI Futures Likely To Trend Higher Next Week

By Zufazlin Baharuddin

KUALA LUMPUR, Jan 24 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to trend higher next week.

Bursa Malaysia Poised To Rise Further Next Week

By Zufazlin Baharuddin

KUALA LUMPUR, Jan 24 (Bernama) -- Bursa Malaysia is expected to rise further next week, supported by steady buying interest and strengthening overall sentiment.

Ringgit's Superlative Performance Driven By Solid Economic Fundamentals Rather Than US Fed Rates – Analysts

By Harizah Hanim Mohamed and Danni Haizal Danial Donald

KUALA LUMPUR, Jan 23 (Bernama) – The MADANI Government’s bold measures to reinforce the economy has proven to be a positive reset, culminating in the ringgit breaking through the psychological barrier of 4.0 versus the US dollar and reaching a more than seven-year high of 3.99 in intra-day trading.

Economic Confidence Lifts Ringgit Versus US Dollar, Major Currencies At The Close Today

By Danni Haizal Danial Donald

KUALA LUMPUR, Jan 23 (Bernama) -- The ringgit broke through the key psychological level of 4.00 against the US dollar, touching a more than seven-year high of 3.9992 earlier today, buoyed by a robust outlook for Malaysia’s economy, easing geopolitical tensions, and the decision to maintain the Overnight Policy Rate.

Hartanah Kenyalang Secures RM184.3 Mln Contract To Upgrade Sarawak Stadium

KUALA LUMPUR, Jan 23 (Bernama) -- Hartanah Kenyalang Bhd’s wholly-owned subsidiary Hartanah Construction Sdn Bhd has secured a RM184.3 million contract from the Public Works Department Sarawak to upgrade and repair Sarawak Stadium.  

Ringgit Touches 3.99 Per US Dollar, Strongest In 7 Years

KUALA LUMPUR, Jan 23 (Bernama) -- The ringgit briefly touched the 3.99 psychological level against the US dollar at 2.27 pm today.

AM Best Affirms Excellent Credit Ratings For Malaysian Reinsurance 

KUALA LUMPUR, Jan 23 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Malaysian Reinsurance Berhad (Malaysian Re), with a stable outlook of these credit ratings (ratings).

CPO Futures End Higher For Third Straight Day

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Jan 22 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives extended its upward momentum to close higher on Thursday for the third consecutive day, supported by improved market sentiment, said an analyst.

Komarkcorp Proposes RM149 Mln Share Capital Reduction To Offset Losses

KUALA LUMPUR, Jan 22 (Bernama) -- Komarkcorp Bhd has proposed a share capital reduction of RM148.70 million to offset its significant accumulated losses.