KUALA LUMPUR, Dec 22 — The ringgit appreciated against the US dollar at the opening on Wednesday amidst improved risk appetites. At 9.15am, the local note rose to 4.2050/2075 versus the greenback from 4.2065/2110 on Tuesday. Bank Islam Malaysia chief economist Mohd Afzanizam Abdul Rashid said the US dollar index (DXY) was down by 0.09 per cent to 96.46 points, […]
Read MoreKUALA LUMPUR: Malaysia’s government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the country’s economy, or face risks to its export-reliant growth model, experts warn. Malaysia has for decades banked on migrant workers to power mainstay manufacturing and agriculture, becoming an integral part of the global supply chain for […]
Read MoreKUALA LUMPUR, Dec 21 — Economic recovery in Malaysia is expected to gain momentum in 2022, with the World Bank projecting the economy to grow by 5.8 per cent, mainly driven by an acceleration in private consumption. The Washington, DC-based institution said exports are projected to continue to expand, albeit at a slower pace, in line with the […]
Read MoreKUALA LUMPUR, Dec 21 — A strengthened focus on policy options will help Malaysia stay afloat and gradual easing of fiscal pressures will help to put the economy back on track for a greater economic prospect in 2022 as the nation emerged from year-long rollercoaster ride, the World Bank said. The World Bank Group lead […]
Read MoreKUALA LUMPUR, Dec 21 — The ringgit managed to recover some grounds on a slight improvement in demand, despite lingering fears over the Covid-19 Omicron variant which is currently spreading both in the country and globally. At 9.01am, the local note rose slightly to 4.2230/2260 versus the greenback compared with 4.2240/2280 at Monday’s close. A trader said the US […]
Read MoreKUALA LUMPUR, Dec 20 — The ringgit opened weaker against the US dollar as the latter continued to gain traction on the back of the United States (US) Federal Reserve’s (Fed) increasingly hawkish tone. The Federal Open Market Committee’s (FOMC) decision to double up on scaling back the purchases of assets by US$30 billion (RM126.8 billion) a […]
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