<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 30): Ringgit falls to lowest in more than four months as a stronger dollar and lower crude prices curb demand for Malaysian assets.</p></div>

<div class=newsTextDataWrapInner><p>* USD/MYR climbs 0.2% to 3.9915; reached 3.9920, highest since Jan. 11</p></div>

<div class=newsTextDataWrapInner><p>** Support 3.9430, 3.9161, 3.8533; resistance 4.0060, 4.0155, 4.0604</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>** Onshore markets were shut Tuesday for a holiday</p></div>

<div class=newsTextDataWrapInner><p>** BBDXY trades near 6-month high; Brent -0.2%, taking this week’s loss to 1.4%</p></div>

<div class=newsTextDataWrapInner><p>* In near term, USD/MYR is expected to head for 4 followed by 4.05 on a falling EUR/USD and risk aversion arising from Italy’s political developments, says Mingze Wu, an FX trader at INTL FCStone in Singapore</p></div>

<div class=newsTextDataWrapInner><p>** Markets will be watching to see if PM Mahathir Mohamad’s “promise of intervention against ‘market disruption’ has any bite”</p></div>

<div class=newsTextDataWrapInner><p>* 5-year sovereign bond yield climbed 2bps to 3.9% Monday</p></div>

<div class=newsTextDataWrapInner><p>* Auction of RM4b of 2023 Islamic govt bonds closes at 11:30 am local time</p></div>

<div class=newsTextDataWrapInner><p>* PM Mahathir said Monday he’ll cancel a proposed multibillion- dollar high-speed railway link to Singapore as the project will not reap any profits for Malaysia</p></div>

<div class=newsTextDataWrapInner><p>* Former Treasury Secretary-General Mohd Irwan Serigar Abdullah is no longer a member of the central bank’s board of directors: BNM<br />
&nbsp;</p></div>


KUALA LUMPUR (May 30): Ringgit falls to lowest in more than four months as a stronger dollar and lower crude prices curb demand for Malaysian assets.

* USD/MYR climbs 0.2% to 3.9915; reached 3.9920, highest since Jan. 11

** Support 3.9430, 3.9161, 3.8533; resistance 4.0060, 4....

Ringgit drops to 4-month low as lower oil hurts

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(April 26): Former President Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter....

Trump advisers discuss penalties for nations that move away from the dollar

NEW YORK/LONDON (April 26): Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech sector, and Japan's yen sank through 155 per dollar for the first time since 1990.

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BRIGHTON, England (April 26): Phil Foden struck twice as Manchester City stepped up their bid for a fourth Premier League crown in a row with a ruthless 4-0 victory at Brighton & Hove Albion on Thursday.

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<p>Chin Teck Plantations Bhd’s net profit surged sevenfold for the financial quarter ended Feb 29, 2024 (2QFY2024) thanks to higher palm oil production as well as lower operating and administrative expenses.</p>


Chin Teck’s 2Q net profit up sevenfold

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>


AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

<p>Pavilion Real Estate Investment Trust (PavREIT) reported that its first quarter net property income (NPI) jumped 33.2% year-on-year, thanks largely to contribution from its newly acquired mall, Pavilion Bukit Jalil. The increase was also attributed to higher occupancy rates and higher revenue rent from its other retail malls.</p>


PavREIT’s 1Q NPI jumps 33%, pays 2.48 sen distribution per unit

<p>The Malaysian Anti-Corruption Commission (MACC) has served a senior police officer arrested on suspicion of protecting an illegal syndicate in the country's capital a notice to declare his assets before April 28.</p>


Senior police officer arrested for alleged corruption given until April 28 to declare assets to MACC

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<p>US economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Federal Reserve would not cut interest rates before September.</p>


US economic growth slows more than expected in first quarter

<p>TAS Offshore Bhd’s net profit has leapt by nine-fold year-on-year for the financial quarter ended Feb 29, 2024 (3QFY2024) due to more vessels delivered.</p>


TAS Offshore’s 3Q net profit up nine-fold, shares surge to eight-year high

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<p>Data on...

<p>US economic growth for the first quarter could be revised higher and inflation will ease to more normal levels, Treasury Secretary Janet Yellen told <em>Reuters </em>on Thursday after a clutch of "peculiar" factors held the economy to its weakest showing in nearly two years.</p>


US growth may get revised up, inflation will ebb

<p>Hulu Selangor Bersatu action division head has been named as Perikatan Nasional's (PN) candidate for the Kuala Kubu Baharu (KKB) state by-election on May 11.</p>


PN names Hulu Selangor Bersatu acting division head as candidate for KKB by-election

<p>Harvey Weinstein's 2020 conviction for sexual assault and rape was overturned by New York's highest court, reopening the landmark case that fuelled the #MeToo movement and highlighting the challenges of holding powerful men accountable.</p>


Harvey Weinstein's rape conviction overturned by top New York court

<p>Prime Minister Datuk Seri Anwar Ibrahim on Thursday gave assurance that the revised Public Service Remuneration System (SSPA), which will be announced soon, will be the best ever introduced in the country.</p>


Revised public service remuneration system will be the best ever introduced — Anwar

<p>As part of its continuing quest to add long-haul destinations to its routes over the long term, AirAsia X is exploring possible destinations in Eastern European countries such as Poland and Hungary, and the airline is not ruling out revisiting London and exercising its landing rights to Orlando in the United States.</p>


AirAsia X mulls flying to Poland, Hungary, London and Orlando

<p>The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives hit a two-month low on Thursday, due to weaker soybean oil futures on the Chicago Board of Trade (CBOT), said a dealer.</p>

<p>Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market sentiment was also weighed down by the Dalian Commodity Exchange’s refined, bleached, and deodorised palm olein during Asian trading hours.</p>


CPO futures hit two-month low at the close, in line with weaker rival oils

<p>Infoline Tec Group Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia as it has met the profit requirements for the transfer.</p>


Infoline Tec seeks transfer from ACE Market to Main Market

<p>EUPE Corp Bhd's net profit surged by 28.9% to RM14.54 million in the fourth quarter ended Feb 29, 2024 (4QFY2024) from RM11.28 million a year ago, underpinned by a higher contribution from the property development division.</p>


EUPE Corp net profit surges 28.9% in 4Q, driven by strong property sales

<p>Al-’Aqar Healthcare Real Estate Investment Trust (Al-’Aqar REIT) is actively targeting to acquire yield-accretive properties from KPJ Healthcare Bhd as part of its asset expansion plan.</p>

<p>The proposed exercise will be funded through a combination of unit issuance and cash via bank borrowings, it said in a filing with Bursa Malaysia on Thursday.</p>


Al-`Aqar Healthcare REIT aims to acquire yield-accretive properties from KPJ Healthcare

<p>Heineken Malaysia Bhd announced on Thursday that it has nominated Martijn Rene van Keulen as its new managing director (MD).</p>


Heineken nominates Martijn Rene van Keulen as new MD to succeed Roland Bala

<p>Malaysia nevers forget the sacrifices Australian and New Zealand heroes made during the World War II particularly in Sandakan and the lessons of history will be carried forward to the new generation.</p>


Malaysia never forgets sacrifices of Australian, New Zealand war heroes in Sandakan

<p>（吉隆坡25日讯）将接管壹必投集团（Capital A Bhd）航空业务的亚航长程（AirAsia X Bhd），周四公布了收购计划的细节。</p>
