Business News
Malaysia’s 4Q24 GDP: Slower Growth but Resilient Economic Momentum
Despite global uncertainties, Malaysia’s private consumption remained a key growth driver, expanding by 5.1% yoy in 4Q24 (3Q24: 4.8%)
Category: Ringgit
Business News
Ringgit Shows Signs of Recovery Against USD Amid Global Economic Shifts
Malaysian ringgit strengthens against USD, hitting a high not seen since 2021, driven by US policy shifts and China's stimulus. However, volatility persists.
Business News
Weaker ringgit to boost glove, tech and furniture sectors
Export-oriented sectors like gloves, furniture, and technology might benefit from a weaker MYR against the USD, enhancing global competitiveness.
Business News
The Ringgit depreciated vs USD
The Ringgit deprecated and is expected to face continued uncertainty but read more on the global economic review
Business News
Ringgit weakened in December but to appreciate this year
Ringgit weakened against USD in Dec-24 but gained against trading partners, expected to gradually appreciate to RM4.23 in 2025.
Business News
Ringgit Weakens in November Despite Fed Rate Cut: Recovery Expected?
The Ringgit weakened after er the Fed announced a rate cut that experts thought wound pump the local currency up
Banking and Finance
Ringgit extends uptrend against greenback in early trade
The ringgit gains slightly against the US dollar, supported by regional optimism, but faces external pressures from global market dynamics.
Business News
Ringgit Shows Modest Strength Against US Dollar
The ringgit opens slightly stronger against the US dollar, despite global market volatility, with mixed performance against other major currencies and ASEAN counterparts.
Business News
Ringgit Steady as Investors Brace for US Election Risks
The ringgit remained steady as investor caution over the US election and resilient US inflation weighed on markets, influencing major and ASEAN currency movements.
Business News
Ringgit extends positive momentum. Open higher vs US Dollar
In early trading, the ringgit weakened against most major currencies, slipping against the euro to 4.6680/6827 and the Japanese yen to 2.8759/8851 but kept…
Business News
Ringgit Opens Slightly Stronger Against US Dollar as Traders Focus on Budget 2025
The ringgit opened slightly higher against the US dollar, trading at 4.3050/3250 compared to yesterday’s close of 4.3075/3105, as traders awaited the tabling of…
Business News
Ringgit rises against US dollar in early trade
Early trase shows a spike in Ringgit against the US dollar, leaving critics dumbfounded in Malaysia
Business News
Malaysia’s Ringgit Poised for Strength Amid Promising Economic Growth
Ringgit remains strong, supported by capital inflows and investment repatriation. Economic growth projections are positive, driven by robust investments and low inflation rates.
Business News
Ringgit extends gains against US dollar
The dollar made gains yesterday against the Eurozone in particular but the Ringgit extends gains too vs the greenback
Business News
Ringgit Poised for Continued Strength Amid Economic Gains
The Malaysian ringgit is expected to continue appreciating, potentially reaching the 4.250–4.200 level against the U.S. dollar.
Business News
Ringgit on upward trend reaches 4.37 against the US dollar
The ringgit also declined against ASEAN currencies: weakening to 3.3466/3522 against the Singapore dollar from 3.3424/3461, to 7.74/7.75 against the Philippine peso from 7.73/7.74,…