KUALA LUMPUR (Nov 23): The government has launched the Green Electricity Tariff (GET) to allow subscribers to use electricity generated from renewable energy sources to reduce their carbon footprint. The initiative underlines some 4,500 gigawatt hour of electricity from renewable energy (RE) sources per annum, said the Ministry of Energy and Natural Resources in a […]
Read MoreKUALA LUMPUR, Nov 23 — The ringgit ended at a near three-month low as a risk-off mode prevails amid weaker oil prices. At 6pm, the local note weakened to 4.1970/2000, a level last seen in late-August versus the greenback from 4.1850/1880 at yesterday’s close. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said […]
Read MoreMALAYSIA’S retail sales have yet to recover to pre-Covid levels at the aggregate level, though categories such as food and consumer electronics have outperformed, Fitch Solutions Country Risk and Industry Research said in a Nov 19 report, while also noting “evidence that Covid-19 has accelerated the formalisation of the retail market in Malaysia”. In the […]
Read MoreKUALA LUMPUR, Nov 22 — The ringgit opened lower against the US dollar on Monday as the greenback continues to strengthened amid concerns of growing inflation, coupled with lower oil price, a dealer said. At 9am, the local note weakened to 4.1870/1895 versus the greenback from 4.1810/1850 at Friday’s close. The dealer said encouraging United […]
Read MoreKUALA LUMPUR, Nov 19 ― The ringgit opened marginally higher against the US dollar today despite improvement in the United States labour market data with the four-week moving average Initial Jobless Claims declining to 272,750 last week from the previous week of 278,000, said an analyst. At 9am, the local note rose slightly to 4.1790/1820 […]
Read MoreKUALA LUMPUR, Nov 18 — The ringgit opened slightly higher against the US dollar today following mixed signal coming from the United States (US) Federal Reserve officials amidst lower than expected housing starts statistics, said an analyst. At 9am, the local note rose to 4.1750/1770 versus the greenback from 4.1795/1810 at yesterday’s close. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul […]
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