The dollar’s slump is fueling rallies in other major currencies, sending the euro and British pound to fresh 2024 highs as traders home in on the path ahead for global interest rates.

Dollar’s losing streak sends euro, pound to fresh 2024 highs

The drop in daily foreign exchange turnover on Monday was most likely due to the public holiday in US markets, according to Bank Negara Malaysia.

Drop in Monday's daily FX turnover most likely due to public holiday in US markets — BNM

Malaysia’s daily foreign exchange (forex) turnover declined to below US$6 billion (about RM24.93 billion) for the first time since February 2021 after the figure dropped sharply to US$5.88 billion yesterday from US$9.81 billion last Friday, according to Bank Negara Malaysia's (BNM) latest updates.

Sharp drop in Malaysia’s daily foreign exchange turnover to below US$6b for first time since February

KUALA LUMPUR (June 15): Malaysia's daily foreign exchange (forex) turnover fell to US$9.87 billion (about RM40.66 billion) yesterday (Monday, June 14) from RM10.1 billion on Friday (June 11), according to latest updates on Bank Negara Malaysia's (BNM) website.

BNM: Malaysia's daily forex turnover dips below US$10b for first time since June 2

Most Asian currencies were marginally easier on Thursday, as U.S. trade tensions with both China and Mexico kept investors wary of emerging markets.

Most Asian currencies ease marginally, trade tensions nag

LONDON (May 10): The dollar held firm on Thursday underpinned by gains in long-term U.S. Treasury yields and investors focused on U.S. consumer price data later in the day that could show inflation rising.

The dollar index stood little changed against a basket of six major currencies .D...

Dollar stands tall underpinned by higher yields

KUALA LUMPUR (Nov 30): Malaysia's Royal Commission of Inquiry (RCI) affirmed that Bank Negara Malaysia (BNM) incurred RM31.5 billion worth of foreign exchange (forex) losses due to the central bank's forex dealings in the 1990s.

According the RCI's report, the commission alleged that BN...

Malaysia RCI affirms Bank Negara's RM31.5b forex loss

KUALA LUMPUR (Oct 24): AmBank Research expects the ringgit (MYR) to trade between 4.2304 and 4.2482 versus the US dollar (USD) today.

In its AmBankFXDaily today, the research house said MYR fell by 0.29% to 4.2373 against USD could be partly due to some selling in the 5-year and 10-year...

Ringgit to trade between 4.2304 and 4.2482 vs USD today, says AmBank Research 

KUALA LUMPUR (Oct 23): AmBank Research expects the ringgit (MYR) to trade with a downward trend today versus the US dollar where the support is at 4.2180 and resistance of 4.2328.

In its AmBankFXDaily note today, it said the relativ strength index is envisaged to remain stable.

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AmBank Research expects ringgit to trade between 4.2180 and 4.2328 vs USD today 

KUALA LUMPUR (Oct 12): AmBank Research expects the ringgit (MYR) to trade towards a bullish bias for today between 4.2066 and 4.2256 versus the US dollar (US$).

In its AmBankFXDaily note today, the reseatch house said positive MACD is narrowing closer while the relative strength index i...

AmBank Research expects ringgit to trade between 4.2066 and 4.2256 today vs USD

KUALA LUMPUR (Oct 11): AmBank Reseach expects the ringgit (MYR) to trade between a range of 4.2117 and 4.2429 versus the US dollar (USD) today.

In its AmBankFXDaily note today, the research house said the MYR closed higher by 0.29% to 4.2195 against USD, supported by rising oil price wi...

AmBank Research expects ringgit to trade between 4.2117 and 4.2429 vs USD today 

KUALA LUMPUR (Oct 10): AmBank Research expects the ringgit (MYR) to trade between 4.2261 and 4.2429 today, and said the relative strength index still remains in the stable region while the positive MACD is narrowing.

In its AmBankFXDaily note today, the research house said yhe MYR rose ...

AmBank Research expects ringgit to trade between 4.2261 and 4.2429 today vs USD 

KUALA LUMPUR (Oct 6): AmBank Research expects the ringgit (MYR) to trade with a downward trend at 4.2195 and resistance of 4.2361 versus the US Dollar (USD) today.

In its AmBankFXDaily today, the research house said the MYR fell marginally by 0.02% to 4.2285 against the USD.

“...

Ringgit to trade between 4.2195- 4.2361 versus USD today, says AmBank Research 

KUALA LUMPUR (Oct 5): AmBank Research says the ringgit (MYR) is expected to trade with a downward trend today between 4.2195 and resistance of 4.2361 as the relative strength index remains stable while the positive MACD gap might continue to widen.

In its AmBankFXDaily report today, the...

Ringgit to trade between 4.2195 - 4.2361 today, says AmBank Research 

KPJ Healthcare Bhd (KL:KPJ) reported a 6.24% dip in its third quarter net profit from a year ago, despite revenue breaching RM1 billion for the first time, following the disposal of its Indonesian operations.

KPJ reports record revenue but lower 3Q profit after disposal of Indonesian ops

The next European Commission will urgently seek to streamline the bloc’s many environmental, social and governance (ESG) rules, as it responds to complaints that excessive regulations are gutting industry competitiveness.

EU seeks to streamline ESG regulations amid growing backlash

Mpire Global Bhd (KL:MPIRE) announced plans to raise capital through a proposed rights issue.

Mpire Global unveils rights issue to raise RM13 mil for business expansion

Nvidia on Monday showed a new artificial intelligence model for generating music and audio that can modify voices and generate novel sounds — technology aimed at the producers of music, films and video games.

Nvidia shows AI model that can modify voices, generate novel sounds

ITMAX System Bhd (KL:ITMAX) reported a 35.6% jump in its net profit for the quarter ended Sept 30, 2024 (3QFY2024), as its revenue climbed 48.54% year-on-year.

ITMAX 3Q net profit jumps 36% to RM22.42 mil, revenue up 49%

Hong Leong Industries Bhd (KL:HLIND) said its net profit rose 60.3% to RM140.56 million in the first quarter ended Sept 30, 2024 (1QFY2025), from RM87.67 million a year ago, mainly driven by higher motorcycle sales and a RM12.6 million gain from a land disposal.

Hong Leong Industries says 1Q profit rose on higher motorcycle sales, declares 25 sen dividend

Solarvest Holdings Bhd (KL:SLVEST) posted a 28.1% rise in net profit to RM9.2 million for its second quarter ended Sept 30, 2024 (2QFY2025), from RM7.2 million a year earlier, driven by improved margins from its commercial and industrial segment, supported by a reduction in solar panel costs.

Solarvest posts 28% rise in 2Q net profit on improved margins

EVENING 5: Five things you need to know today

EVENING 5: IJM Corp announces RM283 mil investment into UK-based JRL

Warren Buffett has made further preparations for donating his fortune after his death.

Buffett refines plans for his fortune, donates more Berkshire shares

EXPECTATIONS have built up on the Employees Provident Fund (EPF) to not only beat last year’s payout but also declare a dividend of close to 6% for 2024. This follows three successive double-digit year-on-year percentage headline outperformance indicated in all three quarterly income reports rele...

EPF’s 2024 shariah dividend may exceed 6%, beat conventional savings

Chemical management and storage company TMK Chemical Bhd has unveiled the prospectus for its Main Market initial public offering (IPO) to raise some RM385 million, as part of its plan for the expansion of its plant, construction of new facilities and acquisition.

TMK Chemical unveils prospectus for RM385 mil IPO, priced at RM1.75 apiece

IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based construction firm JRL Group, according to multiple news reports.

IJM Corp said to buy 50% stake in troubled UK construction firm JRL

The Indonesian sister company of Mr DIY Group (M) Bhd (KL:MRDIY) will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7 trillion rupiah (US$297 million or RM1.32 billion), in what would be the nation’s biggest listing in more than a year.

Mr DIY's Indonesian business plans IPO to raise up to US$297 mil

Ambulatory eyecare centre TopVision Eye Specialist Bhd (KL:TOPVISN) aims to raise RM17.89 million with its initial public offering (IPO) at 33 sen per share, in conjunction with its transfer from the LEAP Market to the ACE Market of Bursa Malaysia.

TopVision Eye Specialist sets IPO price at 33 sen to raise RM17.9m in conjunction with ACE Market transfer

SARAWAK is expected to announce by the end of the month plans for the development of a deep-sea port with liquefied natural gas (LNG) facilities. The port is estimated to cost between RM25 billion and RM30 billion and will be located off the coast of Kuching.&nbsp;

Currently, details ab...

Sarawak to unveil plans for a RM30 bil deep-sea port off the coast of Kuching

CGS International expects Affin Bank Bhd's (KL:AFFIN) net profit for the fourth quarter ending Dec 31, 2024 (4QFY2024) to come in lower on a quarterly basis, as it does not expect the bank to see a high write-back in loan loss provision.

Affin's 4Q earnings to decline q-o-q on absence of high loan loss provision write-back — CGS

The federal government may consider "other proposals" after facing pushback from highway concessionaires on the implementation of the multi-lane free flow (MLFF) system.

Govt may explore alternatives as concessionaires push back on RM3.5b barrierless toll system

Gamuda Bhd (KL:GAMUDA), whose share price has more than doubled year-to-date (YTD), is among companies analysts are expect to be included in the FTSE Bursa Malaysia KLCI following the index’s semi-annual review.

99 Speed Mart likely to be included into FBM KLCI, Gamuda almost certain

The High Court on Monday dismissed former prime minister Datuk Seri Najib Razak's application to "permanently stay" the criminal trial regarding International Petroleum Investment Co (IPIC).

Court rejects Najib's application for permanent stay in IPIC trial

Local institutions were the primary supporters of Bursa Malaysia for the fifth consecutive week, recording a net inflow of RM250.6 million last week, up from RM207.7 million in the previous week.

In its fund flow report for the week ending Nov 22, MIDF Amanah Investment Bank Bhd (MIDF) noted that while there was a net outflow of RM19.6 million from local institutions on Tuesday, the inflows on other days of the week more than offset this decline.

Bursa boosted by RM250.6 mil investments from local institutions last week

The submission of the Real Property Gains Tax (RPGT) Form electronically via e-CKHT on the MyTax portal will be mandatory starting Jan 1, 2025.

Submission of real property gains tax form must be made via e-CKHT on MyTax portal from January 2025 — IRB

PUTRAJAYA (Nov 25): The Court of Appeal (COA) here on Monday allowed the liquidator of Crest Worldwide Resources Sdn Bhd to adduce fresh evidence in SKN Land &amp; Development Sdn Bhd’s (SKN L&amp;D) appeal against the High Court’s decision to dismiss an application to terminate Crest’s winding-u...

COA allows admission of RM525m property sale evidence in Crest winding-up termination appeal

Shares of Mi Technovation Bhd (KL:MI) extended their rally into the third straight day on Monday, after the semiconductor company reported better-than-expected results.

Mi Technovation shares extend rally as results beat estimates

Malaysia's hiring outlook continues to see some mismatch in benefits expectations between organisations and professionals going into 2025, which forms roadblocks for&nbsp;organisations looking for the right talent, a survey showed.&nbsp;

Talent search challenged by salary demand, rising competition in Malaysia, survey shows

Malaysia must strengthen its collaboration&nbsp;with other countries to mitigate the risks posed by a fragmented global supply chain, especially amid escalating US-China trade tensions, following Donald Trump’s return to the US presidency, Deputy Investment, Trade and Industry Minister Liew Chin Tong said on Monday.

Miti: Malaysia to work with middle powers to address bifurcation of supply chain amid US-China trade war

TMK Chemical Bhd, set to list on Bursa Malaysia's Main Market in December,&nbsp;plans to double its annual manufacturing capacity, with its second plant funded by the initial public offering (IPO) proceeds.

TMK Chemical to double capacity with new plant funded by IPO proceeds

Hyundai Motor will open its first plant in Malaysia next year with an investment valued at RM2.16 billion.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said it will be the South Korean automaker’s largest investment in Malaysia and provide many job opportunities.

Hyundai to invest RM2.16 bil to set up plant in Kulim

Parties will submit further on Wednesday (Nov 27) on whether former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah should be granted a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).

Will Najib and Irwan get their IPIC-linked charges dropped? Lawyers to argue further on Wednesday

IJM Corporation Bhd (KL:IJM) said it is buying a 50% stake in UK-based construction firm JRL Group Holdings Ltd for £50 million (RM283 million) to expand into the UK and strengthen its core construction capabilities.

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