Tags Posts tagged with "ringgit"

ringgit

Malaysia in need to postpone “developed country” target

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Malaysia will become a developed country not before 2022, missing its longstanding “Vision 2020” target by at least two years, based on current government...
Malaysia raises minimum wage to 1,050 ringgit per month

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The Malaysian government will raise and standardise the minimum wage for the private sector across the country as of January 1, 2019, fulfilling one...
Investors in suspense ahead of Malaysia polls

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Even though surveys predict that Malaysia’s Prime Minister Najib Razak will be returned to office in the country’s general elections on May 9, investors...
Malaysia’s inflation climbs to over 5%, highest in eight years

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Amid a recovery in the ringgit exchange rate to the US dollar, Malaysia's annual inflation rate is expected to have risen to 5.3 per...
Malaysia set to tighten property purchase policy for foreigners

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Malaysia is working on making it more difficult for foreigners to buy property in the country in order to "safeguard the interests of Malaysians"...
Thailand, Malaysia, Indonesia enter currency pact to counter strong US dollar

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The central banks of Thailand, Malaysia and Indonesia agreed on a currency cooperation in order to promote the use of their local currencies for...
Average wealth in Malaysia drops by over 5%

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Households in Malaysia lost a total of 116 billion ringgit or more than five per cent of their total wealth this year, according to...
Australian banks fined for trying to manipulate Malaysian currency

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Australia and New Zealand Banking Group (ANZ) and Macquarie on November 25 admitted that they attempted to manipulate the benchmark rate of the Malaysian...
Malaysia’s ringgit hit hard amid geopolitical changes

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Malaysia's currency slid to levels last seen during the Asian financial crisis in 1998, reaching 4.4438 to the US dollar in November 23 trading...
Ringgit takes a breather after multi-billion 1MDB power deal with China

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Malaysia's battered currency, the ringgit, rose the most among emerging-market currencies on November 24, while stocks and bonds gained after scandal-hit and debt-ridden state...
Embattled 1MDB gets nod for mega-project in Kuala Lumpur

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1MDB Real Estate Sdn Bhd, a subsidiary of scandal-shaken Malaysian sovereign investment fund 1Malaysia Development Berhad led by embattled Prime Minister Najib Razak, has...
Malaysia 2016 budget: Taxes up for the rich, higher minimum wage

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Embattled Malaysian Prime Minister Najib Razak unveiled a proposed 2016 national budget on October 23 that delivers benefits for the poor while raising taxes...
Asia stocks, currencies soar, fueling global $2.5-trillion rebound

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Malaysia's ringgit and Indonesia's rupiah led an emerging market rally against the US dollar on October 9 while Asian equities pushed higher too after...
Southeast Asian stock markets bottoming out – time to buy

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Southeast Asian stocks have clearly seen better days, but there is light at the end of the tunnel. In the largest unloading of stocks on...
Malaysia to pump $4.6 billion into stock market in emergency measure

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Malaysian Prime Minister Najib Razak said on September 14 an idling government equity investment firm would be reactivated and given 20 billion ringgit ($4.6...
Malaysia’s financial markets: Stocks, ringgit getting smashed

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It is nothing less than literally a bloodbath what currently happens on Malaysia's financial markets. The country's currency, the ringgit, on August 14 dropped...
Asia’s currencies get hammered after double yuan whammy

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Asian currencies suffered big time after after China's surprise decision to devalue the yuan on August 11, and got a double whammy after Beijing...
Thailand seeks direct trades in ringgit, kyat

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The Bank of Thailand is currently negotiating with Malaysia's central banking authorities on a direct exchange of both countries' currencies - the baht and...