Latest news with #Malaysia-UnitedStates
The Star
4 days ago
- Politics
- The Star
Malaysia's new ambassador to US pledges stronger bilateral relations
Photo courtesy of Bernama KUALA LUMPUR: Malaysia's new Ambassador to the United States, Tan Sri Muhammad Shahrul Ikram Yaakob, reaffirmed his commitment to further strengthening the Malaysia-US bilateral relationship during a credentials ceremony with President Donald J. Trump at the White House. In a Facebook post on Saturday, the Embassy of Malaysia in Washington, D.C. stated that Muhammad Shahrul Ikram presented his Letter of Credence to Trump during the Presentation of Credentials Ceremony at the White House on July 24. The ceremony officially marked him as the 18th Ambassador Extraordinary and Plenipotentiary of Malaysia to the United States. "During the ceremony, Muhammad Shahrul Ikram had the opportunity to briefly exchange warm pleasantries with Trump, conveying his commitment to further strengthen the Malaysia-United States bilateral relationship. "He also thanked the President for Secretary of State Marco Rubio's participation in the recent 48th ASEAN Foreign Ministers' Meeting and Related Meetings, held in Kuala Lumpur from July 8 to 11, which further reaffirmed the US's commitment to the region as well as the deepening of the Malaysia-US Comprehensive Partnership,' the embassy stated. Over the past six decades since 1957, Malaysia-US's ties have grown into a multifaceted partnership encompassing political, economic, defence and security, educational, and people-to-people cooperation. Muhammad Shahrul Ikram is a former secretary-general of the Foreign Ministry and a veteran diplomat with over 35 years of service. Born in Pahang, Muhammad Shahrul Ikram holds a Bachelor of Science (Honours) in Ecology from Universiti Malaya and completed the Advanced Management Programme at Harvard Business School in 2009. He began his career at the Foreign Ministry in 1988 as an Administrative and Diplomatic Officer. During his career in the public service, Muhammad Shahrul Ikram also served as Malaysia's Ambassador to Qatar and Austria, as well as Permanent Representative to the United Nations in New York. His previous diplomatic assignments included stints at Malaysia's diplomatic missions in Vienna, Washington, D.C., and Beijing. He also held the positions of Deputy Secretary General of Bilateral Affairs, Director General of Asean-Malaysia National Secretariat (during Malaysia's Chairmanship of Asean in 2015) and Undersecretary of Multilateral Political Division. - Bernama
Malay Mail
5 days ago
- Business
- Malay Mail
Ringgit slips against US dollar as traders await clarity on possible Malaysia-US tariff deal
KUALA LUMPUR, July 25 — The ringgit ended lower against the US dollar on Friday, as some investors locked in profits following recent gains, amid lingering uncertainty over the timing of potential Malaysia-United States (US) tariff discussions. At 6pm, the local note eased to 4.2195/2245 against the greenback, compared with Thursday's close of 4.2135/2210. However, the ringgit was firmer against a basket of other major currencies. SPI Asset Management, managing partner Stephen Innes told Bernama that in the absence of fresh catalysts, investors turned to profit-taking, while the stronger greenback globally left the ringgit more exposed. Still, he noted that Japan's recent trade agreement with the US — which included a reduction in auto tariffs from 25 per cent to 15 per cent — could spark expectations of further bilateral deals, potentially involving Malaysia. 'If that happens, it could boost demand for the ringgit,' he said. Bank Muamalat Malaysia Bhd, chief economist Dr Mohd Afzanizam Abdul Rashid echoed the view, noting that the ringgit had slipped 0.1 per cent to 4.2220 against the greenback as the US Dollar Index rose to 97.621 points, likely reflecting profit-taking after the ringgit's 0.5 per cent week-on-week gain. At the close here, the ringgit strengthened against most major currencies. It rose against the Japanese yen to 2.8529/8565 from 2.8751/8804 on Thursday, appreciated versus the British pound to 5.6786/6853 from 5.7080/7182, and edged higher against the euro to 4.9507/9566 from 4.9517/9605. Against regional peers, the ringgit was mostly higher, except for a flat performance against the Indonesian rupiah at 258.5/258.9, almost unchanged from 258.5/259.1 previously. It gained against the Singapore dollar at 3.2937/2978 from 3.2995/3057, rose versus the Thai baht to 13.0268/0478 from 13.0570/0863, and firmed against the Philippine peso to 7.38/7.40 from 7.43/7.45. — Bernama
The Star
5 days ago
- Business
- The Star
Ringgit ends lower vs greenback as traders await tariff clarity
KUALA LUMPUR: The ringgit ended lower against the US dollar on Friday, as some investors locked in profits following recent gains, amid lingering uncertainty over the timing of potential Malaysia-United States (US) tariff discussions. At 6 pm, the local note eased to 4.2195/2245 against the greenback, compared with Thursday's close of 4.2135/2210. However, the ringgit was firmer against a basket of other major currencies. SPI Asset Management, managing partner Stephen Innes told Bernama that in the absence of fresh catalysts, investors turned to profit-taking, while the stronger greenback globally left the ringgit more exposed. Still, he noted that Japan's recent trade agreement with the US - which included a reduction in auto tariffs from 25 per cent to 15 per cent - could spark expectations of further bilateral deals, potentially involving Malaysia. "If that happens, it could boost demand for the ringgit,' he said. Bank Muamalat Malaysia Bhd, chief economist Dr Mohd Afzanizam Abdul Rashid echoed the view, noting that the ringgit had slipped 0.1 per cent to 4.2220 against the greenback as the US Dollar Index rose to 97.621 points, likely reflecting profit-taking after the ringgit's 0.5 per cent week-on-week gain. At the close here, the ringgit strengthened against most major currencies. It rose against the Japanese yen to 2.8529/8565 from 2.8751/8804 on Thursday, appreciated versus the British pound to 5.6786/6853 from 5.7080/7182, and edged higher against the euro to 4.9507/9566 from 4.9517/9605. Against regional peers, the ringgit was mostly higher, except for a flat performance against the Indonesian rupiah at 258.5/258.9, almost unchanged from 258.5/259.1 previously. It gained against the Singapore dollar at 3.2937/2978 from 3.2995/3057, rose versus the Thai baht to 13.0268/0478 from 13.0570/0863, and firmed against the Philippine peso to 7.38/7.40 from 7.43/7.45. - Bernama
New Straits Times
5 days ago
- Business
- New Straits Times
Ringgit ends lower versus greenback as traders await tariff clarity
KUALA LUMPUR: The ringgit ended lower against the US dollar on Friday, as some investors locked in profits following recent gains, amid lingering uncertainty over the timing of potential Malaysia-United States (US) tariff discussions. At 6pm, the local note eased to 4.2195/2245 against the greenback, compared with Thursday's close of 4.2135/2210. However, the ringgit was firmer against a basket of other major currencies. SPI Asset Management, managing partner Stephen Innes told Bernama that in the absence of fresh catalysts, investors turned to profit-taking, while the stronger greenback globally left the ringgit more exposed. Still, he noted that Japan's recent trade agreement with the US – which included a reduction in auto tariffs from 25 per cent to 15 per cent – could spark expectations of further bilateral deals, potentially involving Malaysia. "If that happens, it could boost demand for the ringgit," he said. Bank Muamalat Malaysia Bhd, chief economist Dr Mohd Afzanizam Abdul Rashid echoed the view, noting that the ringgit had slipped 0.1 per cent to 4.2220 against the greenback as the US Dollar Index rose to 97.621 points, likely reflecting profit-taking after the ringgit's 0.5 per cent week-on-week gain. At the close here, the ringgit strengthened against most major currencies. It rose against the Japanese yen to 2.8529/8565 from 2.8751/8804 on Thursday, appreciated versus the British pound to 5.6786/6853 from 5.7080/7182, and edged higher against the euro to 4.9507/9566 from 4.9517/9605. Against regional peers, the ringgit was mostly higher, except for a flat performance against the Indonesian rupiah at 258.5/258.9, almost unchanged from 258.5/259.1 previously. It gained against the Singapore dollar at 3.2937/2978 from 3.2995/3057, rose versus the Thai baht to 13.0268/0478 from 13.0570/0863, and firmed against the Philippine peso to 7.38/7.40 from 7.43/7.45.
Barnama
5 days ago
- Business
- Barnama
Ringgit Ends Lower Versus Greenback As Traders Await Tariff Clarity
REGION - CENTRAL > NEWS By Fatin Umairah Abdul Hamid KUALA LUMPUR, July 25 (Bernama) -- The ringgit ended lower against the US dollar on Friday, as some investors locked in profits following recent gains, amid lingering uncertainty over the timing of potential Malaysia-United States (US) tariff discussions. At 6 pm, the local note eased to 4.2195/2245 against the greenback, compared with Thursday's close of 4.2135/2210. bootstrap slideshow However, the ringgit was firmer against a basket of other major currencies. SPI Asset Management, managing partner Stephen Innes told Bernama that in the absence of fresh catalysts, investors turned to profit-taking, while the stronger greenback globally left the ringgit more exposed. Still, he noted that Japan's recent trade agreement with the US – which included a reduction in auto tariffs from 25 per cent to 15 per cent – could spark expectations of further bilateral deals, potentially involving Malaysia. 'If that happens, it could boost demand for the ringgit,' he said. Bank Muamalat Malaysia Bhd, chief economist Dr Mohd Afzanizam Abdul Rashid echoed the view, noting that the ringgit had slipped 0.1 per cent to 4.2220 against the greenback as the US Dollar Index rose to 97.621 points, likely reflecting profit-taking after the ringgit's 0.5 per cent week-on-week gain. At the close here, the ringgit strengthened against most major currencies.
