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Ringgit opens stronger at 4.08 vs US dollar, highest since April 2021
KUALA LUMPUR, Dec 16 — The ringgit surged to the 4.08 level against the US dollar at Tuesday’s opening, marking its strongest performance in nearly five years, as improved confidence in the Malaysian economy boosted demand for the local currency.
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Early trading sees ringgit up against greenback as investors eye US jobs and inflation data
KUALA LUMPUR, Dec 15 — The ringgit maintained its upward trend, opening slightly higher against the US dollar as improving sentiment in the Malaysian economy and easing trade tensions supported the local currency. At 8.32 am, the ringgit strengthened to
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Crypto firms in UK to face same rules as traditional financial providers by 2027
LONDON, Dec 15 — Britain’s government on Monday said UK laws on regulating cryptocurrency firms will come into force from 2027, with the “firm and proportionate” rules supporting the industry while protecting consumers. Cryptocurrency companies will be “regulated by the
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China targets balanced growth with higher imports, service exports and consumption boost
BEIJING, Dec 13 — China plans to expand exports and imports next year as part of efforts to promote “sustainable” trade, a senior economic official said today, state broadcaster CCTV reported. The trillion-dollar trade surplus posted by the world’s second-largest
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Malaysia’s power giant TNB plugs into global glory at World Branding Awards
KUALA LUMPUR, Dec 12 — Tenaga Nasional Bhd’s continuous commitment to strengthening its brand presence in an ever-changing market was recognised as it received the prestigious Brand of the Year 2025-2026 award at the World Branding Awards held in Osaka,
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Nvidia develops chip‑tracking tech to show where its AI processors really are in the world
SAN FRANCISCO, Dec 11 — Nvidia has built location verification technology that could indicate which country its chips are operating in, the company confirmed on Wednesday, a move that could help prevent its artificial intelligence chips from being smuggled into
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Opec+ likely to maintain current output levels
VIENNA, Nov 30 — Ministers of the Organisation of the Petroleum Exporting Countries and allied nations (Opec+) are expected to keep current output levels unchanged when they meet for online meetings today, analysts told AFP. The biannual ministerial meeting comes
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Dollar set for worst week since July as traders bet on Fed cut
SINGAPORE, Nov 28 — The dollar was heading for its worst weekly performance since late July on Friday as traders ramped up bets for further US monetary easing next month, while an outage at CME Group halted trading in a
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Taiwan raids ex-TSMC executive’s homes over alleged trade secrets leak to Intel
TAIPEI, Nov 28 — Taiwanese investigators have raided the homes of a former TSMC executive accused of sharing trade secrets with his new employer, US chipmaker Intel. TSMC, which makes the world’s most advanced chips, is suing Lo Wei-jen alleging
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Malaysia’s palm oil sector remains bullish, CPO expected above RM4,000 by year-end
PETALING JAYA, Nov 27 — The palm oil sector in Malaysia is expected to remain stable by 2026, in line with the rebound in soybean oil prices that will narrow the large price gap between the two oils, said Plantation
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