<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 18): The ringgit closed higher against the US dollar&nbsp;as foreign exchange traders reacted to the dollar’s peak and kept an eye on China’s economic opening, which will continue to support the ringgit in the event of any weakness.</p></div>

<div class=newsTextDataWrapInner><p>At 6pm, the ringgit climbed&nbsp;to&nbsp;4.3130/3185 against the greenback&nbsp;from Tuesday’s close of 4.3250/3280.</p></div>

<div class=newsTextDataWrapInner><p>SPI Asset Management managing partner Stephen Innes said that&nbsp;after opening&nbsp;weaker on Wednesday morning, the local currency&nbsp;rallied in line with the broader US dollar weakness.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The ringgit is trading more in line with broader G-10 sentiments and the China reopening is arguably an excellent story for Malaysia that will continue to underpin the ringgit,” he told Bernama.</p></div>

<div class=newsTextDataWrapInner><p>The ringgit fell further&nbsp;against a basket of major currencies, except against the Japanese yen.</p></div>

<div class=newsTextDataWrapInner><p>The local unit fell&nbsp;to&nbsp;5.3300/3368&nbsp;against the British pound from&nbsp;5.2804/2841&nbsp;at Tuesday’s close,&nbsp;eased against&nbsp;the Singapore dollar at&nbsp;3.2793/2840 from 3.2683/2711 and weakened versus the&nbsp;euro to&nbsp;4.6878/6938 from 4.6788/6820.</p></div>

<div class=newsTextDataWrapInner><p>However, it appreciated further vis-a-vis the Japanese yen to&nbsp;3.3331/3376 from 3.3582/3608 at Tuesday’s close.</p></div>


The ringgit closed higher against the US dollar as foreign exchange traders reacted to the dollar’s peak and kept an eye on China’s economic opening, which will continue to support the ringgit in the event of any weakness.

At 6pm, the ringgit climbed to 4.3130/3185 against the greenback from Tuesday’s close of 4.3250/3280.

Ringgit closes higher against US dollar

KUALA LUMPUR (April 28): Malaysia is on a mission to explore various economic opportunities and attract new investments at the World Economic Forum (WEF) Special Meeting in Riyadh, Saudi Arabia, which will last two days starting Sunday.

Anwar on a mission to explore economic opportunities, attract new investments at WEF

RIYADH (April 28): Malaysian Prime Minister Datuk Seri Anwar Ibrahim arrived here on Saturday (April 27) night for a three-day working visit to participate in the World Economic Forum’s (WEF) Special Meeting.

Anwar arrives in Riyadh for World Economic Forum Special Meeting

HULU SELANGOR (April 27): The Selangor government, via several subsidiaries, including the Selangor Menteri Besar (Incorporation) or MBI, has signed memoranda of understanding (MOUs) with several technology companies in Germany, in an effort to further develop the state.

Selangor signs MOU with tech firms in Germany

(April 28): A higher-for-longer interest rate environment is burnishing the credentials of cheap Chinese stocks and driving value investment strategies in Asia.

Fed repricing gives rise to new equities playbook in Asia

Jazz luminary Tay Cher Siang and songstress Janet Lee share their journey through the vibrant world of jazz, each shaped by unique encounters and cultural influences. For Tay, a chance encounter with Astrud Gilberto’s Corcovado sparked a lifelong passion for jazz, rooted in Malaysia’s rich tapestry of sounds and traditions. His eclectic approach to music, termed “cham cham jazz”, celebrates the country’s multicultural essence, blending diverse elements into a harmonious fusion.

Jazz is their jam

Boustead Properties Bhd will unveil its latest transit-oriented development in Mutiara Damansara in the third quarter of 2024 (3Q2024). A redevelopment project of the eCurve mall, which began operating in 2006 and was closed in 2021, The Lines will be part of the developer’s efforts to elevate the neighbourhood through the Mutiara Damansara revitalisation plan. The overall plan will take about 10 to 15 years to complete with an estimated gross development value of RM8.9 billion.

Reimagining Mutiara Damansara

Russia and Ukraine exchanged fire on energy facilities overnight, with an oil refinery damaged in Russia’s Krasnodar region, while Ukraine sustained a missile barrage on gas infrastructure and other targets.

Russia, Ukraine exchange strikes on refinery and gas targets

Deutsche Bank AG is putting aside as much as €1.3 billion (US$1.4 billion or RM6.6 billion) in legal provisions, warning this will hit profits.

The bank will book the potential payment in the current quarter, it said in a statement late on Friday. That will impact “second quarter and full-year profitability”, it said, while adding that the ultimate amount of the provisions is not clear yet.

Deutsche Bank earmarks US$1.4b provision in hit to profit

Genting Malaysia Bhd has dismissed reports linking the group and its deputy chairman and chief executive Tan Sri Lim Kok Thay to supposed discussions relating to the opening of a second casino for Malaysia in Forest City, Johor, to revive the US$100 billion (RM477.60 billion) development.

Genting Malaysia denies involvement in talks for Forest City casino

The Territorial Sea Act 2012 (Act 750) remains valid and applicable throughout Malaysia, including in Terengganu, unless declared otherwise by the court, says the Prime Minister’s Office, despite the Terengganu State Legislative Assembly's decision to reject its use.

Territorial Sea Act 2012 still valid, including in Terengganu, says PMO

<p>Boustead Properties Bhd will unveil its latest transit-oriented development in Mutiara Damansara in the third quarter of 2024 (3Q2024). A redevelopment project of the eCurve mall, which began operating in 2006 and was closed in 2021, The Lines will be part of the developer’s efforts to elevate the neighbourhood through the Mutiara Damansara revitalisation plan. The overall plan will take about 10 to 15 years to complete with an estimated gross development value of RM8.9 billion.</p>


<p>(April 28):&nbsp;A higher-for-longer interest rate environment is burnishing the credentials of cheap Chinese stocks and driving value investment strategies in Asia.&nbsp;</p>


<p>RIYADH (April 28): Malaysian Prime Minister Datuk Seri Anwar Ibrahim arrived here on Saturday (April 27) night for a three-day working visit to participate in the World Economic Forum’s (WEF) Special Meeting.&nbsp;</p>


<p>HULU SELANGOR (April 27): The Selangor government, via several subsidiaries, including the Selangor Menteri Besar (Incorporation) or MBI, has signed memoranda of understanding (MOUs) with several technology companies in Germany, in an effort to further develop the state.</p>


<p>Jazz luminary Tay Cher Siang and songstress Janet Lee share their journey through the vibrant world of jazz, each shaped by unique encounters and cultural influences. For Tay, a chance encounter with Astrud Gilberto’s Corcovado sparked a lifelong passion for jazz, rooted in Malaysia’s rich tapestry of sounds and traditions. His eclectic approach to music, termed “cham cham jazz”, celebrates the country’s multicultural essence, blending diverse elements into a harmonious fusion.&nbsp;</p>


<p>KUALA LUMPUR (April 28): Malaysia is on a mission to explore various economic opportunities and attract new investments at the World Economic Forum (WEF) Special Meeting in Riyadh, Saudi Arabia, which will last two days starting Sunday.</p>
