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Malaysian ringgit weakens in offshore trading

KUALA LUMPUR: Malaysia’s currency weakened in offshore trading after the opposition claimed victory in Wednesday’s general election. The ringgit one-month non-deliverable forward fell 1.7% to 4.0461 against the dollar, after the long-serving former premier, Mahathir Mohamed, 92, claimed that the opposition alliance he leads had won enough parliament seats to form the next government. Results as of […]

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Thailand: TAT keen to bring back Malaysians

The Tourism Authority of Thailand (TAT) wants to revive Malaysia as a source market this year with a new campaign called “Open to the New Shades”. Some 3.35 million Malaysians visited Thailand in 2017, down from 3.49 million the year before. Income from this market was 87.1 billion baht, down from 88.6 billion in 2016. […]

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Average wages of Malaysians on the rise

PUTRAJAYA: Malaysians on average took back RM2,880 a month last year, an increase of 8.1% as compared to 2016. According to data from the Statistics Department, the average monthly salary was RM2,657 in 2016, which was higher by 6.6% compared to 2015. In 2017, the median monthly salaries and wages received by employees rose 7.7% […]

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