ringgit
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Malaysia: Ringgit lower against US$

KUALA LUMPUR: The ringgit was lower against the US dollar early Thursday as the greenback advanced after the US Federal Reserve System (Fed) left its interest rate unchanged at its meeting on Wednesday. At 9am(0100gmt), the local unit was quoted at 4.1965/2005 against the US dollar from 4.1860/1890 Wednesday. Oanda Head of Trading Asia-Pacific, Stephen […]

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subromaniam-tholsay
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Malaysia: Taxing the digital economy

KUALA LUMPUR: The Royal Malaysian Customs Department plans to amend the goods and services tax (GST) Act to enable the Government to collect taxes from foreign companies operating in Malaysia under the digital economy. According to Customs Department director-general Datuk Seri Subromaniam Tholasy, the amendments will allow the Government to tap a segment that is […]

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palm-oil
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Malaysian palm oil price has biggest fall in a month as rival oils weaken

KUALA LUMPUR: Malaysian palm oil futures had their sharpest daily fall in a month late on Monday, marking their third straight session of losses, tracking weakness in related edible oils and as a stronger ringgit weighed on the market. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 1.1 percent to 2,805 ringgit ($669.93) a […]

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Malaysia seeks sea Link

Malaysia has proposed to Thailand a linkage between a deep sea port in Thailand’s Songkhla province and an international port in Malaysia’s Penang in order to shorten export time, said Thai Deputy Prime Minister Somkid Jatusripitak. A discussion on the proposal was held between Somkid and Malaysia’s second Finance Minister Johari Abdul Ghani yesterday, aimed […]

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ringgit
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Malaysia: Ringgit easier against US$

KUALA LUMPUR: The ringgit was easier against the US dollar early Thursday on subdued demand for the local currency, as investors eye the release of key US inflation data Thursday At 9 am(0100 GMT), the local unit was quoted at 4.1960/2000 against the greenback from Wednesday’s close of 4.1900/1940. A dealer said US inflation data […]

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