1y ago
By Anas Abu Hassan
KUALA LUMPUR, Oct 8 (Bernama) -- The World Bank Group has upgraded Malaysia's economic growth forecast to 4.9 per cent in 2024 from its initial 4.3 per cent forecast set in April, according to Apurva Sanghi, its lead economist for Malaysia.
1y ago
KUALA LUMPUR, Oct 8 (Bernama) -- Bank Negara Malaysia (BNM) is likely to keep the overnight policy rate (OPR) unchanged for the next 12 to 15 months, with inflation pressures subdued and the economic outlook stable, said Kenanga Investment Bank Bhd (Kenanga).
1y ago
By Siti Noor Afera Abu
KUALA LUMPUR, Oct 7 (Bernama) -- The ringgit ended lower against the US dollar, mirroring the trend of other Asian currencies, after stronger-than-expected US nonfarm payrolls (NFP) data for September suggested the US economy was avoiding a recession and on course for a soft landing, an analyst said.
1y ago
By Kisho Kumari Sucedaram
KUALA LUMPUR, Oct 7 (Bernama) -- Bursa Malaysia ended the trading day higher on Monday amid the regional uptrend, buoyed by bargain hunting in commodities, consumer goods and gaming.
1y ago
KUALA LUMPUR, Oct 7 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) expects Kossan Rubber Industries Bhd (KRI) to deliver a rather flattish third quarter for the financial year 2024 (3Q FY2024), due to domestic competition and stronger sequential earnings from 4Q FY2024 onwards.
1y ago
By Nurul Jannah Kamaruddin
KUALA LUMPUR, Oct 5 (Bernama) -- Interest in the gold futures contract on Bursa Malaysia Derivatives is likely to sustain next week amid the Middle East tensions, but the anticipation of a stronger US dollar could put downward pressure on prices.
1y ago
By Nurul Jannah Kamaruddin
KUALA LUMPUR, Oct 5 (Bernama) -- The ringgit is expected to linger around at 4.21 to 4.22 against the US dollar next week but with an upside bias for the greenback after Friday’s US non-farm payrolls (NFP) unexpectedly rose sharply by 254,000 jobs in September.
1y ago
KUALA LUMPUR, Oct 5 (Bernama) -- The ringgit has yet to reach its fair value despite its recent rise against the US dollar and emerging as Southeast Asia’s best-performing currency, said Prime Minister Datuk Seri Anwar Ibrahim.
1y ago
By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, Oct 4 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Friday, tracking the performance of its regional peers, a dealer said.
1y ago
By Siti Noor Afera Abu
KUALA LUMPUR, Oct 4 (Bernama) -- The ringgit opened firmer against the greenback on Friday, gaining support ahead of the release of the United States (US) Nonfarm Payroll (NFP) data later today.
1y ago
KUALA LUMPUR, Oct 3 (Bernama) -- Gold futures on Bursa Malaysia Derivatives retreat from its gains to end lower on Thursday, weighed down by the US dollar’s stronger performance.
1y ago
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, Oct 3 (Bernama) -- The ringgit ended lower on Thursday against the US dollar as the greenback strengthened on the back of heightened uncertainties on the geopolitical front.