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Forex

Ringgit seen to be exchanged cautiously next week

KUALA LUMPUR:The ringgit is likely to be exchanged cautiously amid aversion from risk-laden currencies and will be traded at between RM4.09 and RM4.16 against the US dollar next week, a dealer said

Business

Treasury Pulse

Global ForeignExchange Market

Telcos

Wiring up a wider population

GOBIND Singh Deo is a man in a hurry. The series of actions that he has undertaken since his appointment as the Communications and Multimedia Minister less than three months ago is unprecedented and raising eyebrows in the industry.

Corporate News

TNB, TM abort joint Nationwide Fiberisation Plan

PETALING JAYA: Tenaga Nasional Bhd (TNB) and Telekom Malaysia Bhd (TM) have aborted a joint effort to roll out high-speed broadband (HSBB) Internet services to rural areas.

Corporate News

TM down on lower earnings

PETALING JAYA: Shares in Telekom Malaysia Bhd (TM) dipped after reporting lower earnings and on uncertainty whether the telecommunications sector’s overall policy direction could change under the Pakatan Harapan-led government.

Forex

Ringgit slips on expectations of election announcement

KUALA LUMPUR: The ringgit reversed yesterday's gains against the US dollar at the opening, pending an election announcement coupled with the United States and China trade war rhetoric framing regional risk sentiment.

Letters

Review of 1992 forestry policy timely

From S.M. MOHAMED IDRIS, President, Sahabat Alam Malaysia.

World

Mugabe acolyte forms new Zimbabwe political party to challenge Mnangagwa

HARARE (Reuters) - A retired Zimbabwean general and acolyte of ex-president Robert Mugabe has formed a political party to challenge President Emmerson Mnangagwa at the polls later this year, the new grouping said on Monday.

Markets

Treasury Pulse

The US dollar recovered from a period of decline, climbing 1.16% against a basket of major currencies to breach 90 at 90.229.

Business

When two giants work together

The tie-up between TNB and TM in the broadband arena raises monopolistic concerns