A customer counts her ringgit notes outside a money changer at the central business district in Singapore in this August 25, 2015 file photo. Malaysia's ringgit jumped more than 5 percent to a five-week high on October 7, 2015 on stop-loss dollar selling and higher local stocks. The ringgit, the worst performing Asian currency so far this year, surged as much as 5.2 percent to 4.1600 per dollar, its strongest since Sept 1. REUTERS/Edgar Su/Files
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Malaysia: Ringgit opens firmer on crude price rally

KUALA LUMPUR: The ringgit opened firmer against the US dollar, backed by rising crude oil prices amid the higher number of COVID-19 cases in Malaysia. At 9am, the local note rose slightly by 45 basis points (bps) to open at 4.1850/1890 against the greenback from 4.1895/1940 at last Friday’s close. Bank Islam Malaysia Bhd economist […]

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Malaysia: Bank Negara maintains OPR at 1.75%

PETALING JAYA: In line with market predictions, Bank Negara left the overnight policy rate (OPR) unchanged at 1.75%, following the Monetary Policy Committee (MPC) meeting. This is the sixth consecutive MPC meeting in which the OPR has been retained at the record-low level. The last time the benchmark rate was revised was in July 2020, […]

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Malaysia: Unemployment rate down

KUALA LUMPUR: Malaysia’s unemployment rate improved in May but the enhanced movement control order (EMCO) due to the Covid-19 pandemic could result in an uneven situation in the ensuing months. The Statistics Department said the country’s unemployment in May was 4.5% or 728, 100 people – an improvement from the all-time high of 5.3% or […]

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A customer counts her ringgit notes outside a money changer at the central business district in Singapore in this August 25, 2015 file photo. Malaysia's ringgit jumped more than 5 percent to a five-week high on October 7, 2015 on stop-loss dollar selling and higher local stocks. The ringgit, the worst performing Asian currency so far this year, surged as much as 5.2 percent to 4.1600 per dollar, its strongest since Sept 1. REUTERS/Edgar Su/Files
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Malaysia: Ringgit firms up on higher crude prices

KUALA LUMPUR: The ringgit opened firmer against the US dollar on Friday, buoyed by the rise in oil prices. At 9am, the local note was traded at 4.1810/1840 against the greenback from 4.1815/1830 at Thursday’s close. At the time of writing, oil benchmark Brent crude rose 0.47 per cent to US$74.42 per barrel. However, Bank […]

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AirAsia buys Gojek’s Thai business

AirAsia is aiming to use its strong network in Thailand to speed up the growth of Gojek in the country and put the loss-ridden service on the path towards profit within one year via upcountry expansion, starting with three key provinces in the fourth quarter. The group’s plan is to boost revenue from digital services […]

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