Bursa Malaysia Surges To Highest Level Since 2018 At Mid-Afternoon

KUALA LUMPUR, Jan 26 (Bernama) -- Bursa Malaysia’s key benchmark index surged to its highest level in more than seven years at mid-afternoon, lifted by the ringgit's continued strength against the US dollar which drew traders' focus towards domestic-oriented sectors, especially the financial services counters.

Gold Could Surpass RM700 Per Gram In Malaysia As Ringgit Continues To Strengthen

KUALA LUMPUR, Jan 26 (Bernama) -- Malaysia’s gold price is on track to surpass RM700 per gram going forward, supported by a softer US dollar and as the ringgit continues to strengthen, said analysts.

Ringgit Hits Fresh High Of 3.9665 Versus US Dollar After Lunch Break

KUALA LUMPUR, Jan 26 (Bernama) -- The ringgit continued its momentum to trade at 3.9665 against the US dollar after lunch break today, marking a fresh high since May 22, 2018, when it last stood at 3.9655.

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. 

Saudi Ministers Pitch 'Connector Economy' At WEF Davos

KUALA LUMPUR, Jan 26 (Bernama) -- Saudi Arabia’s ministers at the World Economic Forum (WEF) Annual Meeting in Davos outlined the Kingdom's strategy to become a pivotal "connector economy" amid shifts in global trade, aggressively expanding its tourism sector, and reinforcing its role as a stable partner in finance and emerging technologies.

Anwar Expresses Gratitude As Ringgit Hits Strongest Level In Over Seven Years

PUTRAJAYA, Jan 26 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today expressed gratitude over the ringgit’s appreciation against the US dollar, saying “Alhamdulillah” when asked to comment on the local currency’s strongest performance in more than seven years.

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.

CIMB Islamic To Channel RM20 Mln Into Conservation Efforts Via EcoSave-i

KUALA LUMPUR, Jan 24 (Bernama) -- CIMB Islamic Bank Bhd has committed RM20 million over the next five years to support environmental conservation initiatives through its EcoSave-i programme, Malaysia’s first environmentally focused Islamic savings account.

TUI Blue Makes Malaysian Debut In Strategic Haven Resort Partnership

IPOH, Jan 24 (Bernama) -- Flagship hotel brand TUI Blue marked its entry into the Malaysian tourism sector through a strategic partnership with The Haven Resort Sdn Bhd, establishing one of Ipoh's international hotel-branded resorts. 

Gold Futures Likely To Trade Lower Next Week Amid Profit-taking Activities

KUALA LUMPUR, Jan 24 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives is expected to trade lower next week amid profit-taking activities following easing geopolitical tensions.

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.

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.