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Ringgit nears seven-year high against US dollar as BNM holds rates, risk appetite rises
KUALA LUMPUR, Jan 26 — The ringgit opened firmer against the US dollar today, hovering near its strongest level in more than seven years following a boost in risk appetite amid Bank Negara Malaysia’s decision to maintain the Overnight Policy
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Foreign fund buying lifts Bursa at market open
KUALA LUMPUR, Jan 26 — Bursa Malaysia opened higher today, extending gains from last week, as foreign funds continued to snap up local shares, reflecting sustained external confidence in the Malaysian market. At 9.53am, the FTSE Bursa Malaysia KLCI (FBM
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Venezuela eyes 18pc oil boost with reforms opening sector to private investors amid US pressure
CARACAS, Jan 25 — Venezuela wants to boost its oil production by 18 per cent this year through planned reforms that will fully open the sector to private investors, the head of the state oil giant PDVSA said Saturday. “We
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US central bank likely to maintain rates despite Trump push for cuts
WASHINGTON, Jan 25 — The US Federal Reserve is widely expected to keep interest rates unchanged when it meets in the coming week, holding firm despite President Donald Trump’s pressure to slash levels as it guards against threats to its
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KFC and Pizza Hut help QSR Brands post 31pc revenue jump in FY2025
KUALA LUMPUR, Jan 24 — QSR Brands (M) Holdings Bhd, the operator of KFC, Pizza Hut and Life, recorded a 31 per cent revenue growth from KFC Malaysia and Pizza Hut Malaysia, its two largest contributors, for the financial year
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Ringgit on seven-year-high, trade likely to improve after breaching key 4.00 threshold against US dollar
KUALA LUMPUR, Jan 24 — The ringgit is likely to trade higher as investors remain constructive towards the local note, aiming to break the 4.00-level again next week. On Friday, the ringgit broke through the key psychological level of 4.00
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Safe-haven metals blast higher amid Trump’s Iran warning and trade jitters
NEW YORK, Jan 24 — Global stocks were subdued and precious metals hit new highs Friday as US President Donald Trump followed up conciliatory comments on Greenland with a fresh warning on Iran. Trump, who on Wednesday backed away from
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Ringgit breaks 4.000 mark against US dollar, hits strongest level since 2021
KUALA LUMPUR, Jan 23 — The ringgit climbed to its strongest level in about five years on Friday, moving past the 4.000 mark against the US dollar. According to a report in The Edge Malaysia, the ringgit was last seen trading
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TikTok forms US joint venture with Oracle-led consortium to avoid ban
WASHINGTON, Jan 23 — TikTok announced yesterday it has established a majority American-owned joint venture to operate its US business, allowing the company to avoid a ban over its Chinese ownership. The TikTok USDS Joint Venture LLC will serve more
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Fahmi says Malaysia’s economy on the right track as trade tops RM3t
PUTRAJAYA, Jan 21 — The country’s economy is currently on the right track with Malaysia continuing to be the focus of foreign investors and large companies, said Madani Government spokesman Datuk Fahmi Fadzil. Fahmi, who is also communications minister, said
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