KUALA LUMPUR: The ringgit extended Thursday’s gains to be higher against the US dollar early Friday, boosted by strong sentiment towards the local currency, dealers said. At 9 am(0100gmt), the local unit stood at 4.0760/0800 from 4.0830/0860 at Thursday’s close. A dealer said the demand for the ringgit has strengthened following the positive outlook from […]
Read MorePETALING JAYA: Moody’s Investors Service, which recently re-affirmed the country’s sovereign credit ratings, has highlighted concerns over the government’s debt that the rating agency feels would be mitigated by the strong economic growth. According to Moody’s, the country’s resilient economic growth, deep domestic capital market, large international asset position and sizeable export proceeds could help […]
Read MoreKUALA LUMPUR, Dec 14: The ringgit was firmer against the US dollar in early trade today on the back of weak sentiment for the safe-haven currency after the US Federal Reserve (Fed) raised interest rates amid the release of disappointing inflation data, dealers said. At 9 am, the local unit stood at 4.0690/0720 from 4.0850/0880 recorded […]
Read MoreKUALA LUMPUR: Malaysia will be able to maintain its strong growth trend with the economy’s long-term potential growth to stay robust at around 5%, significantly stronger than most other A-rated sovereigns, says Moody’s Investors Service. In its recently-released report titled, “Government of Malaysia: FAQ On Credit Resilience To High Leverage and External Vulnerability Risks”, Moody’s […]
Read MoreSUBANG JAYA: Hypermarket operator and retailer Mydin Mohamed Holdings Bhd expects flattish to minimal growth for the local retail industry in 2018 – but is hopeful that the upcoming General Elections (GE) next year will boost consumer spending. Mydin managing director Datuk Ameer Ali Mydin said the local retail segment has been facing a slowdown […]
Read MoreKUALA LUMPUR, Dec 12: Malaysia’s Industrial Production Index (IPI) rose by 3.4 per cent year-on-year to 136.7 in October 2017, driven by positive growth in the output of the three main sectors of manufacturing, mining and electricity. During the month, the manufacturing index increased 4.2 per cent, while that of mining was up 0.8 per cent […]
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