Ringgit settles flat vs US dollar as inflation fears cloud sentiment

KUALA LUMPUR, The ringgit ended flat against the US dollar today amid the possibility of the Federal Reserve (Fed) taking a significant interest rates adjustment to bring rising inflation under control.At 6 pm, the local currency stood at 4.4660/4685 v…

Bursa Malaysia erases earlier gains to end marginally lower

KUALA LUMPUR, Bursa Malaysia erased earlier gains to close marginally lower today as profit-taking emerged in utilities as well as telecommunication companies, amid cautious performance on the regional markets, dealers said.The FTSE Bursa Malaysia KLCI…

Ringgit opens slightly higher against US dollar as demand for greenback pauses

KUALA LUMPUR, The ringgit opened slightly higher against the US dollar as demand for the greenback paused overnight following a mixed US stock market, analysts said.It was reported that some US stocks trimmed their gains but closed mostly higher. At 9 …

Bursa Malaysia extends gains to open higher

KUALA LUMPUR, Bursa Malaysia extended yesterday’s gains to open higher today, driven by continued buying interest in selected heavyweights amid cautious sentiment in the regional markets, dealers said.At 9.18 am, the benchmark FTSE Bursa Malaysia KLCI …

Kelantan KMKM 2022 to highlight district uniqueness, local freedom fighters

JELI, Aug 9 (Bernama) — The Kembara Merdeka Keluarga Malaysia 2022 (KMKM 2022) in conjunction with the National Month celebrations in Kelantan will feature the uniqueness and stories of the independence fighters of the district visited.Kelantan Inform…

Economic development in Pahang Barat Plus among focus of MITI-Pahang JBI

KUANTAN, Aug 9 (Bernama) — The economic development in the west side of Pahang, including the districts of Lipis, Raub, Jerantut dan Bera, which forms Pahang Barat Plus, is among the focus of the Joint Committee for Industrial Coordination (JBI) betwe…

Harsher punishment for ‘mat rempit’ with Road Transport Act amendment

GEORGE TOWN, Aug 9 (Bernama) — The Road Transport Act 1987 will be amended to impose heavier penalties on illegal motorcycle racers or ‘mat rempit’ in an effort to combat such activities which are dangerous to other motorcyclists and road users.Transp…