Ringgit Firms To 3.9485 As Weak US Data Pressures Greenback
KUALA LUMPUR, Jan 28 (Bernama) -- The ringgit opened firmer against the US dollar on Wednesday, supported by weaker US economic data that continued to weigh on the greenback.
| LATEST NEWS | As Parliament prepares to consider the Climate Change Bill, the transition will be orderly, evidence-based and anchored in national interest - PM Anwar | The strengthening of the ringgit ultimately reflect trust in institutions, in policy direction and trust that a country is governed with discipline and purpose — PM Anwar | Investment confidence returns as Malaysia stands on firmer ground, with GDP on track to grow and inflation contained, reflecting disciplined fiscal management and renewed seriousness in governance - PM Anwar | Investment confidence returns as Malaysia stands on firmer ground, with GDP on track to grow and inflation contained - PM Anwar | Malaysia will continue on a positive growth trajectory -- one that is resilient, inclusive, and governed with honour - PM Anwar | |
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Ringgit Ends At Fresh Seven-year High Of 3.95 Vs US Dollar, New Support Seen At 3.8722
By Abdul Hamid A Rahman
KUALA LUMPUR, Jan 27 (Bernama) -- The ringgit ended at another fresh high in more than seven years against the US dollar today, reaching the 3.95 level, with an economist setting a new support level for the local currency at RM3.8722.
Malaysia Equities Hit Strongest Level Since 2018 On Firmer Ringgit, Solid Local Fundamentals
By Nurunnasihah Ahmad Rashid and Abdul Hamid A Rahman
KUALA LUMPUR, Jan 27 (Bernama) -- Malaysia’s equity market surged to its strongest level since 2018 on Tuesday, as renewed investor confidence, underpinned by a firmer ringgit and shifting global capital dynamics, prompted a reassessment of the country’s risk profile, say economists.
Penang Homeport Shift To Boost Malaysia’s Maritime Role
GEORGE TOWN, Jan 27 (Bernama) -- The federal government’s move to position Penang Port, anchored by Swettenham Pier Cruise Terminal (SPCT), as the main homeport for the northern region is expected to elevate Penang’s role within Malaysia’s maritime ecosystem and strengthen regional economic connectivity.
New Labuan Power Plant To Strengthen Energy Security, Boost Investor Confidence - DPM Fadillah
LABUAN, Jan 27 (Bernama) -- The 120-megawatt Rancha power plant is expected to significantly strengthen Labuan’s power supply reliability, resolve longstanding electricity disruptions and enhance the island’s attractiveness as an investment destination, said Deputy Prime Minister Datuk Seri Fadillah Yusof.
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.
OCBC Raises 2026 Gold Forecast To US$5,600 Amid Stronger‑than‑expected Momentum
KUALA LUMPUR, Jan 26 (Bernama) -- Gold prices are set for an upward revision, with the forecast raised to US$5,600 per ounce by the end of 2026, up from the previous estimate of US$4,800, reflecting recent developments and stronger‑than‑anticipated persistence rather than a reassessment of the underlying narrative, said OCBC Group Research.
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.
Bursa Malaysia Extends Gains At Midday Amid Mixed Regional Performance
KUALA LUMPUR, Jan 26 (Bernama) -- Bursa Malaysia extended its gains at midday on sustained buying interest in selected heavyweight stocks, led by financial counters, amid a mixed regional market performance, said an analyst.
Ringgit Opens At More Than Seven-Year High On Steady OPR
KUALA LUMPUR, Jan 26 (Bernama) -- The ringgit opened firmer against the US dollar on Monday, hovering near its strongest level in more than seven years following a boost in risk appetite amid Bank Negara Malaysia’s decision to maintain the overnight policy rate and a weaker US dollar index.
Ringgit Likely To Trade Higher Next Week, Aiming To Breach 4.00-Mark Again
By Danni Haizal Danial Donald
KUALA LUMPUR, Jan 24 (Bernama) -- The ringgit is likely to trade higher as investors remain constructive towards the local note, aiming to break the 4.00-level again 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.