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WHILE banking stocks have so far acted negatively to the Finance Ministry’s (MoF) instruction to get banks working on exempting interest payments for moratorium borrowers, observers say it is too early to predict the exact impact on banks.
THE rising number of Covid-19 cases since early May 2021 resulted in a nationwide movement control order (MCO 3.0) in mid-May, which was followed by a nationwide lockdown in early June.
THE ringgit started 2021 strongly at RM4.02 against the dollar. However, by end-May 2021, the ringgit had depreciated by 2.6% to 4.12, its eight-month low since October 2020.
KUALA LUMPUR: The ringgit opened moderately higher against the US dollar today in line with the crude oil price that has moved into positive territory at the time of writing.
KUALA LUMPUR: AmBank announced that it has refreshed its Signature Priority Banking Visa Infinite Credit Card-i, exclusively for its signature priority banking customers.
THE 10-year US Treasury yields (UST10), which act as a key reference point for global assets around the world, fell to 1.18% earlier in August following a sharp rise of debt prices.