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Separately, the Fed’s Powell in his testimony acknowledged the rising risk of coronavirus (Covid-19) while viewing the underlying strength of the US economy, added with a series of rate cuts last year, is appropriate to withstand the rising challenges on the external front.
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today, but the market anticipated the local notes to trade a shade higher, heading towards the 4.12 level.
KUALA LUMPUR: A Sarawak DAP lawmaker has taken the Communications and Multimedia Ministry to task on its plan to introduce fifth-generation (5G) mobile technology when it cannot even guarantee stable Internet connections in rural areas, especially in Sabah and Sarawak.
The MCMC is calling on companies to propose 5G Demonstration Projects using its 5G testbed, to develop new possible uses for the high-speed Internet technology.
UNDER the FundMyHome (FMH) scheme, the 20% that a buyer pays towards the house price is put into a trust in order to generate the investors’ 5% annual yield. Two banks and others fund the balance 80%. Developers get this 80% pronto.
SYDNEY (Reuters) - Fijians went to the polls on Wednesday for only the second time since a 2006 coup, with former military strongman Prime Minister Frank Bainimarama confident of winning a second term even as heavy rain and flooding meant some voting was delayed.
SYDNEY (Reuters) - Two former coup leaders are seen as the leading contenders in Fiji's general election on Wednesday, the second to be held since 2006 when then-commander of the armed forces Frank Bainimarama seized power.
KUALA LUMPUR: Fitch Solutions Macro Research is positive on the government's new broadband initiatives to improve penetration and the country’s standing as a regional ICT hub.
KUALA LUMPUR: The issuance of network provider licences will be liberalised to attract major global data centres so that the country can become a regional Internet hub, says Communications and Multimedia Minister Gobind Singh Deo.
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