Ringgit Retreats To Close Lower As US Tariff Court Ruling Boosts Greenback

By Zufazlin Baharuddin

KUALA LUMPUR, May 29 (Bernama) -- The ringgit retreated to close lower against the greenback on Thursday as the American dollar rallied after a US trade court blocked most of US President Donald Trump’s tariffs on imports into the country.

Padini's 3Q Net Profit Rises To RM71.97 Mln On Better Profit Margin

KUALA LUMPUR, May 29 (Bernama) -- Padini Holdings Bhd’s net profit improved to RM71.97 million in the third quarter ended March 31, 2025 (3Q FY2025) from RM40.52 million a year earlier, driven by an improvement in the gross profit margin.

RHB Bank's 1Q Profit Rises To RM750.03 Mln

KUALA LUMPUR, May 28 (Bernama) -- RHB Bank Bhd posted a higher net profit of RM750.03 million for the first quarter ended March 31, 2025 (1Q 2025) compared with RM730.17 million in the same period last year.

Bursa Malaysia Lower At Midday On Profit-taking

KUALA LUMPUR, May 26 (Bernama) -- Bursa Malaysia ended the morning session lower, dragged down by profit-taking in selected heavyweights amid a broadly weaker regional market performance following a Wall Street selloff overnight.

US Tariffs Could Cost Malaysia Up To 4 Pct Of Solar Panel Export Value

KUALA LUMPUR, May 25 (Bernama) --  Malaysia could lose up to four per cent of the export value of its solar panels if the United States (US) proceeds with its proposed tariffs on solar panel product imports, according to industry observers. 

Ringgit Opens Slightly Lower Against Greenback Ahead Of Fed Rate Decision

KUALA LUMPUR, May 20 (Bernama) -- The ringgit opened marginally lower against the US dollar on Tuesday as traders remained cautious ahead of a possible interest rate cut by the United States Federal Reserve (Fed), an analyst said.

Ringgit Likely To Trade In 4.26-4.29 Range Next Week - Analyst

By Abdul Hamid A Rahman

KUALA LUMPUR, May 17 (Bernama) -- The ringgit’s outlook remains positive going into next week, with the currency expected to hover in the 4.26-4.29 range against the US dollar, according to SPI Asset Management managing partner Stephen Innes.

Ringgit Slips Against US Dollar On Cautious Sentiment

By Abdul Hamid A Rahman

KUALA LUMPUR, May 16 (Bernama) -- The ringgit closed lower against the US dollar on Friday as cautious sentiment on the local note offset a weaker greenback following softer economic data in the United States.

Pinnacle Life Receives Positive Credit Ratings From AM Best

KUALA LUMPUR, May 16 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of New Zealand’s Pinnacle Life Limited (Pinnacle Life).

Rubber Market Ends Lower After Four-day Rally On Weaker Oil Prices, Stronger Ringgit

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, May 15 (Bernama) -- The Malaysian rubber market snapped a four-day winning streak to close lower on Thursday, weighed down by losses in regional rubber futures markets, a sharp drop in crude oil prices, and the continued strengthening of the ringgit against the US dollar, said a dealer.

AM Best Sees Steady Performance In Philippine Non-Life Insurance Segment

KUALA LUMPUR, May 15 (Bernama) -- Global credit rating agency, AM Best has maintained its stable outlook for the Philippine non-life insurance market, citing robust growth prospects, stabilised reinsurance capacity, and a favourable economic environment as key supporting factors.

Gold Likely To Keep Rallying Until Next Year Amid Global Uncertainties -- UBS

KUALA LUMPUR, May 15 (Bernama) -- UBS Investment Bank remains bullish on gold and expects the precious metal to continue to rally, likely until the second or third quarter of next year, amid global uncertainties.