Business
Back to homepage
Bank Negara reassures nation’s payment system remains safe and secure
KUALA LUMPUR: In light of the potential data breach incident announced by iPay88 (M) Sdn. Bhd, Bank Negara Malaysia (BNM) has instructed banks to immediately notify affected cardholders of additional protective measures that will be taken to further protect them
Read More
Bursa Malaysia opens easier as weak sentiment continued
KUALA LUMPUR: Bursa Malaysia opened easier this morning, extending last week’s downtrend as the cautious market sentiment weighed on investors’ risk appetite. At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 0.3 of-a-point to 1,501.25 from 1,501.55 at the
Read More
Greenback’s appeal drawing investors away from the ringgit
KUALA LUMPUR: The ringgit opened lower versus the US dollar today as the greenback continued to strengthen its appeal as a safe-haven currency amidst the risk-off sentiment in the market, analysts said. At 9am, the local currency slipped to 4.4580/4.4610
Read More
MIACES AWARDS: Step Forward To Connect Industry players with Sustainable Development Goals
PUCHONG: MIACES is a step forward to connect industry players with innovative solutions; contributing towards achieving the Sustainable Development Goals (SDGs) especially as the world faces a changing climate. MIACES inspires dialogues on forward-looking policies, while ensuring sustainable development in
Read More
Short-term rates to remain stable on BNM’s operations
KUALA LUMPUR: Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. Liquidity is estimated at RM41.04 billion in the conventional system and RM28.96 billion in Islamic funds.
Read More
Ringgit opens higher against US dollar
KUALA LUMPUR: The ringgit opened higher against the US dollar amidst renewed buying interest for the domestic unit. At 9.18 am, the local currency rose to 4.4550/4600 versus the greenback from Tuesday’s close of 4.4570/4585SPI Asset Management managing partner Stephen
Read More
Ringgit likely to decline further against US dollar next week
KUALA LUMPUR: The ringgit is likely to continue its decline against the US dollar next week due to higher inflation, says an analyst. SPI Asset Management managing partner Stephen Innes said the ringgit may also struggle to hold onto gains
Read More
Hong Leong Financial Group Named Malaysia’s Best Managed Bank and Financial Holding Group 2022 by The Asian Banker
KUALA LUMPUR, Malaysia, July 21, 2022 /PRNewswire/ — Hong Leong Financial Group (“HLFG” or the “Group”) was lauded as the Best Managed Bank and Financial Holding group in Malaysia by the prestigious The Asian Banker Leadership Achievement Awards 2022. HLFG’s President
Read More
Ringgit opens higher against US dollar
KUALA LUMPUR: The ringgit bounced back to open marginally higher against the US dollar today, as more investors weighed on a possible interest rate hike by the Federal Open Market Committee next week, a dealer said. At 9.08 am, the
Read More
FBM KLCI turns lower at mid-morning
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) turned red at mid-morning ahead of Bank Negara Malaysia’s decision on the interest rate later today. At 11.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 7.27 points to 1,433.54
Read More