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KUALA LUMPUR: The appointment of Tan Sri Muhyiddin Yassin to the helm of the National Recovery Council (NRC) will help ensure the continuity of plans to speed up the recovery of the country post-Covid-19.
KUALA LUMPUR: The ringgit rose against the US dollar in early trade Monday as improved market sentiment following the certainty in Malaysia’s political environment helped lift investors’ risk appetite.
KUALA LUMPUR: The ringgit is expected to trade between RM4.23 and RM4.24 against the US dollar this week, with the market expected to be calmer after the country’s latest political development, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim.
KUALA LUMPUR: The ringgit opened lower against the US dollar today due to easier oil prices and the strengthening greenback following the strong demand for the United States (US) Treasuries’ US$27 billion 20-year bond sale.
KUALA LUMPUR: Blue chips closed higher for the second straight day on Wednesday, aided by gains in KL Kepong, Sime Darby Plantation and glove stocks amid a mixed broader market as buying interest interspersed with profit-taking.
KUALA LUMPUR: Bursa Malaysia shed some of the recent gains in early Wednesday trade as the nation awaited news about the successor for the prime minister’s post.
IN the next few days, Malaysia will see the swearing-in of its ninth Prime Minister and a few days or maybe weeks later, a whole new cabinet of ministers will be sworn-in too.
KUALA LUMPUR: Late buying support for key stocks Petronas Dagangan, Sime Plantation and Tenaga Nasional helped cushion the impact of the resignation of Tan Sri Muhyiddin Yassin and his Cabinet, though he will remain caretaker prime minister.
KUALA LUMPUR: The ongoing political volatility with Prime Minister Tan Sri Muhyiddin Yassin expected to tender his resignation on Monday pushed the local stock market deeper into the red.