Malaysian ringgit retreats slightly as US dollar strengthens

KUALA LUMPUR, Jan 17 (NNN-Bernama) — The Malaysian ringgit reversed from Monday’s gains to open slightly lower against the US dollar amid stronger sentiment for the greenback as traders remained cautious ahead of the central bank, Bank Negara Malaysia’s (BNM) two-day monetary policy committee (MPC) meeting starting Wednesday. At 9 am, the…

Miscommunications lead to cybersecurity incidents in 62 pct of companies — Kaspersky

KUALA LUMPUR, Jan 13 (NNN-Bernama) — Miscommunication with the information technology (IT) department or IT security team has resulted in at least one cybersecurity incident in 62 per cent of companies, global cybersecurity company Kaspersky revealed. Kaspersky head of information security Alexey Vovk said that clear communication between a company’s…

Laws governing fake news in ASEAN member states

By Ravichandran D.J Paul (This is the part two of a news analysis for the ASEAN News Exchange programme)  KUALA LUMPUR, Jan 13 (NNN-Bernama) — All ASEAN Member States (AMS) have enacted specific cybercrime legislation, or adapted their criminal code legislation to criminalise the dissemination of fake news and falsehood over the cyber realm.   …

ASEAN’s collective battle against fake news gains momentum

By Ravichandran D.J Paul  (This is the first part of a news analysis for the ASEAN News Exchange programme)  KUALA LUMPUR, Jan 13 (NNN-Bernama) — Fake news have existed since time immemorial, but with the advent of internet and social media, it now has taken a new dimension as fake news can easily…

Malaysian PM congratulates Michelle Yeoh on winning Golden Globe award

KUALA LUMPUR, Jan 13 (NNN-Bernama) — Malaysian Prime Minister Anwar Ibrahim congratulated  Michelle Yeoh on being the first Malaysian to win the Best Actress award in a musical or comedy film at the 2023 Golden Globes for her role in ‘Everything Everywhere All At Once’ in Los Angeles.  In his Facebook…

Malaysia’s LIGC favourite field for Korean golfers

LABUAN (Malaysia), Jan 13 (NNN-Bernama) — The Labuan International Golf Club (LIGC), in Malaysia’s island of Labuan, is fast becoming a favourite playing field for South Korean golfers. LIGC president Rithuan Ismail said almost 100 Korean golfers, mostly from the Korea Golf Academy, descended on the 18-hole golf course in December last year for a…

Bursa Malaysia opens higher on positive sentiment after softer US inflation

KUALA LUMPUR, Jan 13 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened higher on Friday on positive sentiment after the latest US Consumer Price Index (CPI) figures showed inflation in the United States has continued to decline, spurring hopes for softer interest rates going forward. At 9.05 am, the benchmark FTSE Bursa…

Malaysian ringgit jumps to 10-month high against greenback after softer US CPI

By Rosemarie Khoo KUALA LUMPUR, Jan 13 (NNN-Bernama) — The Malaysian ringgit jumped to a 10-month high against the greenback on anticipation of softer interest rate hikes in the United States going forward after the latest US inflation data showed a declining trend. At 9 am, the ringgit surged by 270 basis points to 4.3300/3350 against the greenback, a…

India imports 312,267 tonnes of palm oil from Malaysia in December 2022

By Shakir Husain NEW DELHI, Jan 13 (NNN-Bernama) — India imported 312,267 tonnes of palm oil from Malaysia in December 2022 while its overall global edible oil imports during the month topped 1.5 million tonnes. The volumes from Malaysia were made up of 257,525 tonnes of crude palm oil (CPO), 46,743…

Malaysian ringgit rises to nine-month high, at 4.35 level, as optimism increases

By Nurul Jannah Kamaruddin KUALA LUMPUR, Jan 12 (NNN-Bernama) — Growing optimism about slower interest rate hikes continued to heed the Malaysian ringgit to end at a nine-month high on Thursday. At 6 pm, the ringgit jumped to 4.3570/3615 against the greenback, a level last seen in early May 2022,  from Wednesday’s close of 4.3700/3725. SPI Asset…