KUALA LUMPUR: The ringgit slightly rebounded to open marginally higher against the US dollar today, on renewed interest on the emerging currencies, said dealers. At 9.30 am, the local note was quoted at 3.9100/9150 versus the greenback from 3.9170/9200 on Friday. A dealer said that investors were awaiting news from the Federal Reserve Governor Jerome […]
Read MoreWITH US 10-year Treasury bond yields closing in on 3%, all eyes are on equities markets as bonds become more appealing as an asset class. “The issues are inflation and rise in global yields. Bursa valuations will eventually be impacted,” said Vincent Khoo, head of research, UOB Kay Hian. “Inflation worries on the back of […]
Read MorePUTRAJAYA: Datuk Seri Najib Tun Razak (pic) says attracting foreign companies to invest in Malaysia will bring numerous benefits to the people and the local economy. “Partnerships (between local and foreign companies) create jobs, lead to transfer know-how and improve expertise, efficiency and talent,” said the Prime Minister. However, he said that there were “opponents” who try […]
Read MoreWELLINGTON/SYDNEY: The final version of a landmark deal aimed at cutting trade barriers in some of Asia-Pacific’s fastest-growing economies was released on Wednesday, signalling the pact was a step closer to reality even without its star member the United States. More than 20 provisions have been suspended or changed in the final text ahead of […]
Read MoreKUALA LUMPUR: Datuk Seri Najib Tun Razak has reiterated that Malaysia would not go bankrupt as it had managed to reduce its debt to 50.4% against the self-imposed ceiling of 55% and had garnered higher foreign reserves, while works on infrastructure projects are in full swing. The Prime Minister said the government had made bold […]
Read MoreKUALA LUMPUR (Bernama) – RAM Rating Services Bhd (RAM Ratings) forecasts Malaysia’s headline inflation to remain at 2.5 per cent this year – the same as last year – underpinned by lower contribution from the transport component. The rating agency said transport inflation was unlikely to repeat last year’s double-digit growth trajectory without the low-base […]
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Thailand
