Malaysian ringgit slid further as interest rate worries prevail after strong US job data

KUALA LUMPUR, Jan 5 (NNN-Bernama)  — The Malaysian ringgit extended a negative trend on Friday against the US dollar with sentiment continuing to be hamstrung by the expectation that the higher-for-longer rate narratives are likely to prevail. At 9 am, the ringgit stood at 4.6420/6480 versus the US dollar from…

Thailand plans to launch more products and services to lure Malaysian travellers

BANGKOK, Jan 4 (NNN-Bernama) — The Tourism Authority of Thailand (TAT) plans to launch more tourist products and services to attract Malaysians to travel beyond Bangkok and Hatyai, with a focus on exciting new tourist offerings in the central, north and northeast. Governor of TAT Thapanee Kiatphaibool said Malaysians topped…

Malaysians in Japan not affected by earthquake or aircraft mishap

PUTRAJAYA, Jan 4 (NNN-Bernama) — Malaysian Foreign Minister Mohamad Hasan verified none of the Malaysians residing in Japan were affected by the earthquake in the Niigata prefecture and the aircraft mishap at the Haneda airport which occurred this week. Mohamad said he is in close contact with the Japanese Embassy…

Standard Chartered sees Malaysian ringgit outperforming ‘on relative basis’ in 2024

By Nurul Jannah Kamaruddin KUALA LUMPUR, Jan 4 (NNN-Bernama) — The Malaysian ringgit and Indonesia’s rupiah are expected to be outperformers in the region in 2024 “on a relative basis,” benefitting most from monetary policy divergence, said Standard Chartered (StanChart). “In terms of relative performance, we expect the IDR (Indonesian…

Malaysia set to hit 2023 GDP target based on positive economic momentum

By Sharifah Pirdaus Syed Ali KUALA LUMPUR, Jan 4 (NNN-Bernama) — Malaysia is set to achieve the 2023 gross domestic product growth target of 4-5 per cent for 2023 based on the good economic momentum seen so far, the Department of Statistics Malaysia (DoSM) said. Chief statistician Dr Mohd Uzir…

Malaysian ringgit weak as US dollar dominates amid uncertain US rate cut path

By Nurul Jannah Kamaruddin KUALA LUMPUR, Jan 4 (NNN-Bernama) — The Malaysian ringgit remained weak against the US dollar Thursday after some letdown as hopes for a March rate cut faded after the US Federal Open Market Committee (FOMC) meeting minutes provided little clue about when it will happen. At…

Bursa Malaysia opens almost flat

By Rosemarie Khoo KUALA LUMPUR, Jan 4 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened almost flat Thursday amid the downbeat performance on Wall Street overnight, said an analyst. At 9.05 am Thursday, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.24 of-a-point easier to 1,462.13 from Wednesday’s…

Iran blasts: Malaysia conveys condolences, calls for mastermind to be brought to justice

KUALA LUMPUR,  Jan 4 (NNN-Bernama) — Malaysia expresses its condolences to Iran and its people following the bombing incident in Kerman Province,  in the southeastern part of the country, that claimed nearly a hundred lives, Wednesday. Prime Minister Anwar Ibrahim through a post on Facebook said Malaysia also mourns and stands…

Embraer to bank on narrow-body aircraft in Asia Pacific, Malaysia

By Kisho Kumari Sucedaram KUALA LUMPUR, Jan 3 (NNN-Bernama) — Brazilian aircraft manufacturer, Embraer, aims to tap into the growing demand for narrow-body aircraft in the Asia-Pacific, including Malaysia, as the country aims to be a major aerospace hub in the region. According to Embraer Asia-Pacific vice-president Raul Villaron, the…

Bursa Malaysia mixed in early trade tracking Wall Street

By Rosemarie Khoo KUALA LUMPUR, Jan 3 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened mixed Wednesday, tracking the overnight Wall Street performance which closed mixed following the recent massive rally that may have experienced some market indigestions as valuations outpaced fundamentals. At 9.05 am, the FTSE Bursa…