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Ringgit continues slide against US dollar at opening

KUALA LUMPUR: The ringgit continued its slide against the US dollar at opening today, as the greenback strengthens further amid uncertainties surrounding the Omicron variant, which prompted risk aversion, as well as Federal Reserve’s (Fed) continued hawkish statement, dealers said.

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Price hike of goods in Melaka due to middlemen

MELAKA: The increase in price of food supplies such as vegetables and chicken in Melaka is believed to be due to ‘middlemen’ who supply the goods to traders at high prices. State Unity, Community Relations, Manpower and Consumer Affairs Committee

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BNM, all banks remain open, operating as usual on Friday

KUALA LUMPUR: Bank Negara Malaysia (BNM) and all banks, including branch operations, in the Federal Territory of Kuala Lumpur will be open and operating as usual on Friday, Dec 3, 2021. In a statement today, BNM said in this regard,

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Turkey, Malaysia ink pacts to boost collaboration in aerospace industry

ANKARA: Sirim Berhad and Turkish Aerospace on Thursday inked a Memorandum of Understanding aimed at fostering collaboration in developing the Aerospace Industry ecosystem. With the MoU, both parties will co-operate in areas related to conformity assessment, quality and standards development, research

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PM: Gov’t allocates RM262 mln to assist farmers hit by hike in price of fertilisers, pesticides

KUALA LUMPUR: The government will allocate RM262 million as an early response to assist farmers affected by the increase in the prices of fertilisers and pesticides, said Prime Minister Datuk Seri Ismail Sabri Yaakob. He said that of the amount, RM62

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Ringgit extends downtrend against US dollar at opening

KUALA LUMPUR: The ringgit extended its downtrend for the fourth consecutive day to open lower against the US dollar amid expectations for a faster tapering process and possible rate hikes by the Federal Reserve, an analyst said. At 9 am, the

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PM: Malaysia capable of achieving 100 pct digital inclusivity

KUALA LUMPUR: Malaysia has the capacity and capability to achieve 100 per cent digital inclusivity, especially among the vulnerable communities, in its effort to bridge the digital divide, Prime Minister Datuk Seri Ismail Sabri Yaakob(pix) said. He said efficient and effective

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Japanese companies have created over 400,000 jobs

KUALA LUMPUR: The biggest ‘Thank You’ that Malaysians can perhaps say to Japan and its nearly 1,500 companies operating in this country is for creating over 400,000 jobs with thousands more new ones expected as it embarks on a series

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Indonesia’s batik-makers turn to mangroves as demand grows for eco-dyes

CILACAP: In a quiet mangrove forest in central Indonesia, a man moves gingerly across vegetation distinguished by its big, wooden stilt roots, searching for fallen mangrove fruits that rest on leaves or float on the water. Gathering a handful of what

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Short-term rates to remain stable on BNM’s operations

KUALA LUMPUR: Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. Liquidity is estimated at RM39.76 billion in the conventional system and RM21.83 billion in Islamic funds. The

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