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Ringgit likely to further strengthen against US dollar next week
KUALA LUMPUR, Nov 19 — The ringgit is expected to strengthen further against the US dollar next week, depending on the 15th General Election (GE15) results which will be announced on Saturday. The local note’s performance is also expected to
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Malaysia votes in general election, Anwar seen leading tight race
KUALA LUMPUR, Nov 19 (Reuters) – Malaysians were voting on Saturday in a general election that may fail to end the recent phase of political instability in the Southeast Asian nation as polls have predicted no clear winner. The alliance
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A mammoth task to maintain economic momentum awaits post-GE15
KUALA LUMPUR: Malaysia’s new administration faces a mammoth task of strengthening recovery, maintaining economic momentum and stabilising the political environment amid external headwinds which include potential global recessionary in 2023 as predicted by market observers. SPI Asset Management managing partner
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The first Africa Expo into Asian markets posts fruitful results
PUCHONG: The first edition of the African business expo into Asian markets in first-ever B2B tradeshow which concluded last week, was hailed as another fruitful event. With the tagline “Africa to Asia”, AE2022 features African business professionals from manufacturers, distributors, importers, and exporters of various
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Maybank IB sees better prospects for MMHE over nect 24 months
KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) expects Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) “to deliver stronger order backlog, tender pipeline, cash and earnings over the next 24 months as it continues to show improved operational and
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Ringgit opens marginally higher vs US dollar
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar as the lower United States (US) consumer confidence data took a toll on the greenback. At 9 am, the local currency inched up to 4.7300/7340 against the greenback from Monday’s close
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Ringgit opens at new all-time low vs US Dollar
KUALA LUMPUR: The ringgit opened at a fresh all-time low against the US dollar on Monday as demand for the greenback strong due to its stature as a safe-haven currency, dealers said. At 9 am, the local note depreciated against the US dollar
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Bursa Malaysia opens higher, but retreats thereafter
KUALA LUMPUR: Bursa Malaysia opened higher on Monday but retreated within minutes as mild profit-taking emerged in selected heavyweights, amidst rising cautious sentiments in the regional markets, a dealer said. At 9.18 am, the benchmark FTSE Bursa Malaysia KLCI (FBM
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Bursa Malaysia opens marginally higher on bargain hunting
KUALA LUMPUR: Bursa Malaysia opened marginally higher today, buoyed by bargain-hunting activities after the recent selldown which was triggered by global market uncertainties, a dealer said. At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.94 of-a-point to
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Budget 2023: Balance economic gap between urban and rural areas
KUALA LUMPUR: The 2023 Budget, scheduled for tabling this Friday, should outline efforts to balance the gap in the development of infrastructure and basic facilities between the urban and rural areas. Dean of the Faculty of Human Ecology at Universiti
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