Malaysian ringgit retreats to open lower vs greenback

By Sharifah Pirdaus Syed Ali KUALA LUMPUR, March 8 (NNN-Bernama) — Malaysian ringgit retreated from previous days’ gains to open lower against the US dollar Wednesday as the greenback strengthened following the United States (US) Federal Reserve’s (Fed) hawkish Semiannual Monetary Report to the US Congress, an analyst said.  At 9 am, the local note fell…

Bursa Malaysia rebounds to open slightly higher

KUALA LUMPUR, March 7 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, rebounded to open slightly higher Tuesday ahead of Bank Negara Malaysia’s (central bank) interest rate decision in the next two days. At 9.07 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 0.88 of-a-point to 1,453.56 from yesterday’s close of 1,452.68.…

Malaysian ringgit marginally higher against greenback in early trade

By Sharifah Pirdaus Syed Ali KUALA LUMPUR, March 7 (NNN-Bernama) — Malaysian ringgit opened marginally higher against the US dollar Tuesday as the greenback took a breather following a small pullback in Treasury yields Monday and ahead of the United States (US) Federal Reserve’s (Fed) Semiannual Monetary Report to Congress, said an analyst.  At…

Indonesians spend billions on healthcare overseas, mainly in Malaysia

By Mohd Iswandi Kasan Anuar JAKARTA, March 7 (NNN-Bernama) — Indonesians spent 165 trillion rupiah (US$10.7 billion) per year for medical treatment abroad, especially in Malaysia, President Joko Widodo said. The president, who is popularly known as Jokowi, said almost one million Indonesian patients went to Malaysia for treatment with another 750,000 to…

Royal Thai Navy on four-day operational visit to Malaysia

KUALA LUMPUR, March 7 (NNN-Bernama) — The Royal Thai Navy (RTN) is on a four-day operational visit to Malaysia, beginning Monday, in conjunction with the Royal Thai Naval Cadet Unit (RTNCU) programme. The Royal Malaysian Navy (RMN) Strategic Communications branch said that the visit was aimed at giving exposure to the…

New Zealand Open cancelled till 2026 – BWF

KUALA LUMPUR, March 6 (NNN-Bernama) — The New Zealand Open Badminton Championships has been cancelled until 2026, the Badminton World Federation (BWF) announced Monday. BWF in a statement said, Badminton New Zealand has relinquished its hosting rights for the World Tour Super 300 tournament for the next four years. “The national governing…

Malaysia’s 2023 palm oil demand to rise 19.85 mln tonnes – Indian vege oil association

KUALA LUMPUR, March 6 (NNN-Bernama) — Demand for Malaysia’s palm oil is forecast to notch higher to 19.85 million tonnes this year from 19.01 million tonnes in 2022 as exports are set to grow to 16.44 million tonnes from 15.73 million tonnes previously. The remaining demand is expected to come from domestic (2.98 million tonnes)…

Malaysia will not experience economic downturn in 2023 — deputy minister

KUALA LUMPUR, March 6 (NNN-Bernama) — Malaysia will not experience an economic downturn in 2023 despite global uncertainties, said Deputy Finance Minister Ahmad Maslan. He noted that for a technical economic recession to happen, there would have to be two consecutive quarters of contraction. The government has forecast this year’s economic…

Malaysia’s Budget 2023 signals quicker fiscal consolidation, deficit revised down to 4.9 pct — Fitch Solutions

KUALA LUMPUR, March 6 (NNN-Bernama) — Malaysia remains on track for fiscal consolidation in the post-pandemic era, with the shortfall in 2023 likely to narrow to 4.9 per cent from 5.3 per cent previously, said Fitch Solutions Country Risk and Industry Research (Fitch Solutions). In its outlook report for Malaysia published recently,…

Bursa Malaysia stages rebound to open higher, in line with Asian peers

KUALA LUMPUR, March 6 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, rebounded to open higher Monday as the risk appetite in Asian markets improved after Wall Street rose on Friday, said an analyst. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) climbed by 6.36 points to 1,459.91 from Friday’s close of…