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Stronger ringgit caps Monday trading as West Asia tensions keep oil prices high
KUALA LUMPUR, March 16 — The ringgit ended higher against the US dollar and other major currencies at the close on Monday as major central banks, including the US Federal Reserve, hold their policy meetings this week amid high crude
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AI to drive growth despite geopolitics, Taiwan’s Foxconn says
TAIPEI, March 16 — Taiwanese tech giant Foxconn today said it expected the booming market for artificial intelligence servers to drive growth this year, despite volatility caused by global conflict. Strong demand for AI hardware fuelled a 24 per cent
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IJM plans India exit to unlock shareholder value
PETALING JAYA, March 16 — IJM Corp Bhd plans to exit its highway investments in India as part of its efforts to unlock shareholder value. This follows IJM’s independent adviser, M&A Securities Sdn Bhd, stating last Friday that Sunway Bhd’s
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Indonesia firms in palm oil fraud probe supplied fuel majors
BANGKOK, March 16 — Indonesian companies targeted in a palm oil fraud probe supplied European firms including Italian energy giant Eni and Finnish sustainable aviation fuel leader Neste, an investigation by AFP and SourceMaterial has found. The links raise fresh
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Gold dips to below US$5,000 per troy ounce for first time since late February
MOSCOW, March 16 —The price of gold fell this morning, dropping below US$5,000 (RM19,670) per troy ounce for the first time since late February, according to trading data reported Sputnik/RIA Novosti. As of 05:05 GMT, the price of the April
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Bursa Malaysia lower at midday amid selected selling
KUALA LUMPUR, March 16 — Bursa Malaysia remained lower at midday, weighed down by profit-taking in industrial products and services, consumer products and services, and construction stocks. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 1.78 points, or
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China economy gets early 2026 lift as retail sales, industrial output beat forecasts
BEIJING, March 16 — Activity in China’s retail and industrial sectors picked up in the first two months of the year, official data showed today, as Beijing tries to revive domestic spending while navigating mounting external risks. Leaders in the
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Ringgit opens marginally higher against US dollar amid cautious sentiment
KUALA LUMPUR, March 16 — The ringgit opened slightly higher against the US dollar today, supported by mild dollar weakness, though persistent geopolitical uncertainties and elevated oil prices capped gains. At 8am, the local note strengthened to 3.9300/9455 against the
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BNM likely to assess oil‑shock impact before any rate move, despite inflation risks, says economist
KUALA LUMPUR, March 15 — Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said policymakers are likely to assess the situation before raising interest rates to contain inflation resulting from the impact of the conflict in West Asia
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Crypto markets roiled by US–Iran conflict as traders bracing for weeks of turbulence
KUALA LUMPUR, March 15 — The cryptocurrency market remains highly volatile, with prices fluctuating amid uncertainty over geopolitical conflicts, particularly the West Asia conflict and its potential impact on global oil supply. Monash University Malaysia Professor of Finance and Head
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