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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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2023 Budget: Large allocation for infrastructure, education must continue for Sabah, Sarawak
KUALA LUMPUR: The 2023 Budget scheduled to be tabled this Friday is expected to continue providing large allocations to Sabah and Sarawak to implement development projects, especially on infrastructure and education in the interiors of the two states. Under the
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Weaker sentiment weigh on Bursa Malaysia at midday
KUALA LUMPUR: The weak market sentiment took a toll on Bursa Malaysia at midday today, with the benchmark index ending the morning trading session almost flat. At 12.30 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 0.44 of-a-point to 1,397.94 from
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Bursa Malaysia opens slightly lower
KUALA LUMPUR: Bursa Malaysia opened slightly lower this morning, tracking the fall on Wall Street and global markets last Friday, a dealer said. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) retreated 3.70 points to 1,390.93 from
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Ringgit rebounds vs US Dollar amid volatile forex market
KUALA LUMPUR: The ringgit reversed five days of losses to open slightly higher against the US dollar today, despite a volatile foreign exchange market caused by the United States’ interest rate hikes and the European energy crisis, a dealer said.
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Ringgit marginally lower vs US dollar at opening
KUALA LUMPUR: The ringgit opened marginally lower against the US dollar on Friday due to the lack of buying momentum as demand for the greenback remained strong on the back of its safe-haven status, a dealer said. At 9 am,
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International buyers exploring halal industries in M’sia
KUALA LUMPUR: Malaysia is hosting one of the world’s largest halal products exhibitions and buyers are exploring opportunities to import products from the Southeast Asian nation. “Malaysia has a variety of food products. And Malaysian cuisine is world-class,” Azmi Mustafa,
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