KUALA LUMPUR: The ringgit continued Tuesday’s downtrend to be lower against the US dollar early Wednesday as the greenback strengthened on the possibility of another interest rate hike before the year-end, dealers said. At 9 am(0100gmt), the local unit depreciated to 4.2150/2190 from 4.2050/2080 recorded at 6 pm Tuesday. The US dollar appreciated overnight following […]
Read MoreKUALA LUMPUR: Hong Kong and Malaysia are proving to be the biggest growth surprises in Asia. The two nations received the largest upgrades for this year among major economies in the Asian Development Bank’s latest outlook released on Tuesday. Meanwhile, India received the steepest downgrade. The global trade recovery is helping boost exports in Hong […]
Read MoreStar Media Group will continue efforts to support emerging businesses REALISING the potential and growth of the SME market and its contribution to the country’s economy, The Star Outstanding Business Awards (SOBA) came into the picture. First held in 2010, SOBA is now into its eighth year. This award has been a strategic platform to […]
Read MoreKUALA 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 […]
Read MoreKUALA 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 […]
Read MoreKUALA 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 […]
Read More
Thailand
