Ringgit extends gains as Fed signals rate hold
KUALA LUMPUR : The ringgit extended its upward momentum to open higher against the US dollar and other major currencies on Wednesday, after the US Federal Reserve signalled it was in no hurry to cut interest rates, opting instead to monitor the economy's trajectory, an analyst said.
At 8am, the local note strengthened to 4.2350/4.2450 versus the greenback, compared with Tuesday's close of 4.2410/4.2465.
The ringgit has gained 5.47% year-to-date.
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Malay Mail
20 minutes ago
- Malay Mail
PM Anwar hosts luncheon in honour of visiting Kyrgyz president Sadyr Zhaparov
PUTRAJAYA, June 25 — Prime Minister Datuk Seri Anwar Ibrahim hosted an official luncheon in honour of visiting Kyrgyz Republic President Sadyr Zhaparov at the Seri Perdana today. Zhaparov, who arrived in Malaysia yesterday for a two-day official visit, was welcomed by Anwar at the prime minister's official residence at 11am. He was also warmly received with a 'Welcome to Malaysia' greeting by 117 pupils from Sekolah Kebangsaan Putrajaya Presint 5(1). Foreign Minister Datuk Seri Muhamad Hasan, Health Minister Datuk Seri Dr Dzulkefly Ahmad and Higher Education Minister, as well as several Kyrgyz Cabinet members, also attended the luncheon. Earlier, Zhaparov was accorded an official welcome at Perdana Putra, followed by a meeting with Anwar where they deliberated on strengthening bilateral cooperations in trade and investment, renewable and green energy, halal industry, agricommodity, as well as capacity-building assistance through the Malaysian Technical Cooperation Programme (MTCP). Both leaders also witnessed the signing and exchange of several Memoranda of Understanding in the field of tourism, digital transformation and cybersecurity, higher education, health, trade promotion, economic cooperation as well as scientific and research cooperation, and Exchange of Notes in the fields of youth and training for diplomats, as well as Letter of Intent on legal cooperation. Zhaparov is later scheduled to undertake a brief tour of the Parliament House in Kuala Lumpur before departing home. In 2024, the Kyrgyz Republic was Malaysia's fourth-largest trading partner among the Central Asian countries, with total bilateral trade of RM40 million (US$8.74 million). Malaysia's primary exports to the Kyrgyz Republic include electrical and electronic products, palm oil, palm oil-based agricultural products and machinery, equipment and parts, while key imports from the Kyrgyz Republic consist of chemicals and chemical products, electrical and electronic products and processed foods. — Bernama
Malay Mail
20 minutes ago
- Malay Mail
Malaysia, Kyrgyz Republic to collaborate in Islamic banking and halal sectors, says Anwar
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Free Malaysia Today
39 minutes ago
- Free Malaysia Today
RM11mil sukuk for MEX II spent on crypto, says MACC
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