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Positive economic sentiment pushes ringgit to open higher
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today following positive economic recovery sentiment across the globe, especially in Asia’s emerging market (EM). At 9am, the ringgit stood at 4.0470/0520 compared with yesterday’s close of 4.0530/0560. An
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Bursa Malaysia extends losses to open lower
KUALA LUMPUR: Bursa Malaysia extended yesterday’s losses to open lower, taking the cue from the overnight US stocks which slipped for the fourth consecutive day on Monday as investors weighed stimulus progress and vaccine distribution. Investors awaited word on whether
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Bursa Malaysia opens lower but rebounds thereafter
KUALA LUMPUR: Bursa Malaysia opened lower but rebounded thereafter, taking the cue from the mixed performance of the US stock indices last Friday. Wall Street ended rather mixed as optimism over an immediate solution for the US stimulus package fades.
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Ringgit higher against US dollar at opening
KUALA LUMPUR: The ringgit extended yesterday’s gains to trade higher against the US dollar today, supported by improving oil prices, said an analyst. At 9 am, the local note rose to 4.0530/0560 from Thursday’s close of 4.0600/0620. Axi chief global market
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Bursa Malaysia opens higher, Top Glove in demand
KUALA LUMPUR: Bursa Malaysia opened higher this morning, thanks to buying support in the index-linked counters, led by Top Glove. At 9.08am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.22 points to 1,649.75 after opening 5.14 points stronger
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LKAN 2019 Series 1: 15 performance audits of RM15.71 billion in 12 ministries
KUALA LUMPUR: A total of 15 performance audits of RM15.71 billion were carried out involving programmes, activities and projects at 12 ministries for the Auditor-General’s Report (LKAN) 2019 Series 1. Auditor-General Datuk Nik Azman Nik Abdul Majid, in a statement, said the
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Bursa Malaysia higher in early trade
KUALA LUMPUR: Bursa Malaysia has edged higher this morning, fueled by buying in the index-linked counters, led by Public Bank. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 11.27 points to 1,642.97 after opening 9.29 points stronger
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Ringgit opens marginally higher against US dollar
KUALA LUMPUR: The ringgit was marginally higher against the US dollar at the opening today, trading in a quiet tone amidst weakening demand for the greenback, said an analyst. At 9am, the local note was traded at 4.0680/0730 against the US
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Sony to shut a Malaysia factory, consolidate facilities
KUALA LUMPUR: Sony Corp will close a factory in Malaysia next year to consolidate its operations in its other plant in the state for efficiency, the Japanese electronics giant said on Saturday. The company told Reuters in an email to
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Ringgit opens 120 basis point higher on firmer oil prices
KUALA LUMPUR: The ringgit opened higher against the US dollar for the third consecutive day, riding on the firmer crude oil prices fuelled by the Organisation of the Petroleum Exporting Countries+’s (OPEC+) production decision. At 9.01am, the local unit was traded
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