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KUALA LUMPUR, Jan 16 (Bernama): The ringgit may test the psychological level of 4.00 against the US dollar next week amid anticipation that Bank Negara Malaysia (BNM) would maintain the Overnight Policy Rate (OPR) at 1.75 per cent at its meeting on Wednesday.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to retreat from this week’s gains, driven by profit taking due to higher prices, a dealer said.
The region shows promise with attractive yields and robust fundamentals
KUALA LUMPUR: Public Bank, Maybank, IHH Healthcare and Sime Plantations dragged the FBM KLCI into the red at the close on Friday on rising Covid-19 cases and weaker commodity prices.
HONG KONG: Singapore Airlines (SIA) has raised US$500mil in its first US dollar bond issue, which the company will use to buy new aircraft as the global aviation industry prepares for a post-pandemic travel rebound.
PETALING JAYA: As the greenback remains pressured on the back of major economic deficits in the United States deteriorating further, Asian markets, particularly emerging markets like Malaysia, are likely to see a return of investor capital.
KUALA LUMPUR: UOB Asset Management (M) Bhd (UOBAM Malaysia) has launched the United Great Dragon Fund to provide retail investors with access to China-listed companies set to become the future growth drivers of China’s economy.
KUALA LUMPUR: The ringgit opened marginally lower against the US dollar on Thursday due to the lack of buying interest, in spite of the greenback’s weaker performance, said an analyst.