PETALING JAYA: Soaring oil prices sparked by the Russia-Ukraine war could impact the domestic economy, fanning inflationary pressures and higher cost of living. While rising oil prices would boost the government’s revenue, the higher cost of living would burden the lower income segment and smaller businesses, according to economists. At press time, the international benchmark […]
Read MoreKUALA LUMPUR, Feb 28 — Bursa Malaysia extended Friday’s gains to start the week higher today, lifted by persistent bargain-hunting predominantly by foreign funds, a dealer said. At 9.03am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 9.94 points to 1,601.66 compared with 1,591.72 at Friday’s close. The market bellwether opened 4.02 points higher […]
Read MoreKUALA LUMPUR, Feb 28 — The ringgit extended its firmer position from last Friday to open better against the US dollar, supported by higher oil prices, analysts said. At 9.04am, the local note stood at 4.1985/2030 versus the greenback compared with 4.2005/2040 yesterday. An analyst said Brent crude remained above the US$100 per barrel, trading […]
Read MoreKUALA LUMPUR: The ringgit recovered against the US dollar at the opening today, as higher commodity prices may have averted further declines, although heightened global geopolitical tensions continued to weigh on investor sentiment and support the US dollar. At 9 am, the local currency rose to 4.1975/2005 versus the greenback from Thursday’s close of 4.2030/2080. […]
Read MoreAn announcement on the reopening of the country’s borders would be made by Prime Minister Datuk Seri Ismail Sabri Yaakob, said Minister of Health Khairy Jamaluddin. He said the government already had a suitable date for the reopening of the national borders. “The prime minister will announce the date, we already have a date and […]
Read MoreFeb 24 : Malaysia’s consumer prices in January rose 2.3per cent from a year earlier, below forecast, government data showed on Thursday. January’s consumer price index (CPI) was expected to rise 2.5per cent, according to 22 economists surveyed in a Reuters poll. Source: Reuters
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Thailand
