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Ringgit finds support

Thanks to the rise in China’s yuan, the ringgit, which has come under selling pressure since early this month, managed to hold steady against the US dollar on Friday.

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Pua: Malaysia’s current account in surplus for 2019

KUALA LUMPUR: Malaysia’s current account balance will remain in surplus for 2019 and the economy is not experiencing a current account deficit, says political secretary to the Finance Minister Tony Pua.

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Malaysia's current account in surplus for 2019: Pua

KUALA LUMPUR: Malaysia's current account balance will remain in surplus for 2019 and the economy is not experiencing a current account deficit, says political secretary to the Finance Minister Tony Pua.

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Ringgit may be hit by bond outflows after GE14, says UBS

HONG KONG: The ringgit may weaken if foreign investors start selling Malaysian government bonds after the surprise election outcome, says Kelvin Tay, regional chief investment officer at UBS Wealth Management.

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Malaysia's ringgit has done a stunning about-face this year

SINGAPORE: Malaysia's ringgit has done a stunning about-face this year, with surging capital inflows turning it into Asia's best-performing currency from the region's worst in 2015.

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Ringgit's 2016 surge likely to be slowed by speed bumps

SINGAPORE: Malaysia's ringgit has done a stunning about-face this year, with surging capital inflows turning it into Asia's best-performing currency from the region's worst in 2015.

Business

S’pore stocks to end year 15% lower

SINGAPORE: Singapore’s stocks are set for a 15% tumble this year, putting them in the same league as Greece. Baring Asset Management Ltd and UBS Group AG say shares need to get even cheaper before they’re prepared to buy.BS say shares need to get even cheaper before they’re prepared to buy

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Report:Malaysia's Current Account Slumps In Q2, GDP Growth Picks Up

KUALA LUMPUR: Malaysia's current account surplus plunged in the second quarter on weakening exports, overshadowing a slight acceleration in economic growth and highlighting the country's vulnerabilty to market selloffs that have rocked several other Asian economies.

Business

Outflows drag rupiah to 4-year low

The Indonesian rupiah hit a four-year low on Wednesday and looked set to break the psychologically important 11,000 per dollar support line as emerging markets suffered further outflows on fears that the Federal Reserve will soon begin to pare back stimulus

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Rupiah at fresh 4-year low on outflows; ringgit weaker before c/a data

SINGAPORE: The Indonesian rupiah hit a four-year low on Wednesday on bond outflows and dollar demand from importers amid thin greenback liquidity, while investors kept an eye on the psychologically important 11,000 support level.