ringgit

Malaysia

Malaysia central bank holds key rate as election shock spurs economy concerns

KUALA LUMPUR (May 10): Malaysia's central bank kept its key interest rate unchanged on Thursday, citing lower inflation and steady economic growth hours after a shock election victory for the opposition that Moody's rating agency said left the cou

Malaysia

BNM forex scandal: Former second finance minister claims responsibility for hedging ‘mistake’ made in 1990s

SINGAPORE (Sept 7): Over the hearing which took place at the Royal Commission of Inquiry (RCI) yesterday, Malaysia’s former second finance minister Tan Sri Nor Mohamed Yakcop, who served as adviser to Bank Negara Malaysia (BNM) from 1998 to 2000, admitt

Asia FX

Cheapest currency in Southeast Asia gives Malaysia an edge in export race

SINGAPORE (July 13): When the global trade rebound came this year, Malaysia held one advantage over its peers: the cheapest currency in Southeast Asia.

Currencies

Malaysia shrugs off 1MDB scandal to become second quarter star

KUALA LUMPUR (June 29): Malaysian assets are back in favor as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood.

Malaysia

Malaysian Ringgit to rally to eight-month high, top banker says

KUALA LUMPUR (June 8): The ringgit may advance 4% as the latest measures by Bank Negara Malaysia reduce the risks of holding the currency and the economy improves, a member of the central bank’s financial markets committee said.

Currencies

Malaysia's Ringgit crackdown spooks overseas investors

(Feb 7): Malaysia’s crackdown on currency speculators has come at a cost. While it successfully reduced ringgit volatility, it is threatening to discourage overseas investors.

Broker's Calls

This plantation stock is recognised as cream of the crop

SINGAPORE (Jan 11): CIMB Securities remains “neutral” on the agribusiness sector while highlighting First Resources as its top “add” pick in Singapore for its superior output growth prospects, low-cost production.
Ringgit

Currencies

Things will get worse for the Malaysian ringgit: BMI Research

HONG KONG (Jan 5): Malaysia’s ringgit, one of Asia’s worst-performing currencies over the past year, has further to fall, according to BMI Research.

Currencies

Malaysian ringgit dips to weakest level since 1998 Asia financial crisis

KUALA LUMPUR (Dec 19): Malaysia's ringgit touched the lowest level since the Asian financial crisis as investors continue to sell down emerging-market assets and after a crackdown on currency speculators last month exacerbated outflows.

Broker's Calls

Growth of Riverstone on track despite repatriation rule

SINGAPORE (Dec 8): Maybank Kim Eng is maintaining its “hold” call on Riverstone Holdings with a target price of 92 cents, saying the recent correction to its stock price has been overdone.
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