Malaysian Ringgit Opens Lower Against The Us Dollar On Soft Demand

The ringgit continued to open lower versus the the US dollar today on subdued demand despite the US Federal Reserve (Fed) leaving its benchmark rate at 5.25 per cent during the Federal Open Market Committee meeting last night.At 9.02 am, the local not…

Two Prudential companies in Malaysia confirm affected by MOVEit cyber security incident

Prudential Assurance Malaysia Bhd (PAMB) and Prudential BSN Takaful Bhd (PruBSN) have confirmed that they have been affected by the global MOVEit data-theft attack, “where a zero-day vulnerability was exploited.”The two insurance companies said that a…

Malaysian ringgit opens marginally lower against US dollar

The Malaysian ringgit opened marginally lower against the US dollar Wednesday due to the lack of demand despite the lower US dollar index (DXY), said an analyst.At 9 am, the local note eased to 4.6190/6240 versus the greenback from Tuesday’s close of …

Bursa Malaysia opens higher in early trade

Bursa Malaysia, the stock exchange of Malaysia, opened on a positive note on Wednesday, taking its cue from the Wall Street’s uptrend overnight after the United States’ (US) inflation data came in within expectation.At 9.10 am, the FTSE Bursa Malaysia…

EUDR will not affect Malaysia’s palm oil growth, revenue

The implementation of the European Union Deforestation-free Regulation (EUDR) will not affect Malaysia’s palm oil growth and revenue as European Union imports are insignificant compared to other countries.Malaysian Palm Oil Board (MPOB) chairman Moham…

Malaysia’s Wholesale, Retail Trade Up 6.3 Percent In Apr

Malaysia’s wholesale and retail trade, recorded a monthly sales value of 136 billion ringgit (29.45 billion U.S. dollars) in Apr, growing 6.3 percent year-on-year, official data showed, yesterday.The Department of Statistics Malaysia (DOSM), said in a…

Central PH tourism expo to boost industry’s recovery efforts

Nearly 2,000 tourism stakeholders are expected to gather for the Central Philippines Tourism Expo (CPTEx) of the Department of Tourism (DOT) to be held at the Iloilo Convention from June 16 to 18. ‘This is the first for Western Visayas and for DOT. Th…