[ KUALA LUMPUR: The ringgit opened slightly lower against the US dollar ahead of the release of February’s Consumer Price Index (CPI) print. At 9.05 am, the ringgit eased to 4.7390/7430 against the greenback from Friday’s close of 4.7340/7390. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that consensus estimates … Read more
[ KUALA LUMPUR: The ringgit eased against the US dollar at the close of trading today in line with regional currencies amid uncertainty over a US interest rate cut. At 6 pm, the ringgit slipped to 4.7280/7350 against the greenback compared to Tuesday’s closing of 4.7265/7290. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam … Read more
[ KUALA LUMPUR: HSBC Global Research projects the FTSE Bursa Malaysia KLCI (FBM KLCI) to rise about 4.0 per cent this year to 1,510 points, as the country continues to provide opportunities for investors based on the trade diversion theme arising from the US-China tension. Head of equity strategy Herald van der Linde said the … Read more
