KUALA LUMPUR, April 15 — The ringgit rebounded against the US dollar today as risk appetite for the local currency improved after the government announced the revival of the East Coast Rail Link project, amid weak sentiment for the greenback.“Market players especially those in the construction sector reacted positively to the ECRL news.
On Friday, the Prime Minister’s Office announced the ECRL project would resume at a reduced cost of RM44 billion compared with RM65.5 billion previously. He said the arrangement would ease the financial burden on Malaysia, which previously had to bear the entire cost of the operation and maintenance. Meanwhile, the US dollar retreated from its recent rally following the latest developments in the trade talk between the United States and China, in which the former reportedly had softened demands for a trade deal.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ringgit closes marginally higher against US dollar | Malay MailKUALA LUMPUR, April 9 — The ringgit closed marginally higher against the US dollar today alongside other commodity-linked currencies, supported by better crude oil prices. At 6 pm, the local unit was traded at 4.0920/0960 against the greenback as compared with 4.0950/0000 at...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit opens lower vs US dollar | Malay MailKUALA LUMPUR, April 10 — The ringgit was lower against the US dollar in early trade today on the back of lower oil prices, said a dealer. At 9.23am, the local unit was traded at 4.0970/1020 against the greenback from Tuesday’s close of 4.0920/0960. SPI Asset Management head of trading and...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit hits 4.1050 vs US Dollar, lowest in over two months | Malay MailKUALA LUMPUR, April 10 — The ringgit fell as much as 0.32 per cent to its lowest level in more than two months against the US dollar, as caution swept through Asia following the International Monetary Fund’s (IMF) downward revision of the global growth forecast. At 6pm, the ringgit finished at...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit opens lower against US dollar in cautious mood | Malay MailKUALA LUMPUR, April 11 — The ringgit opened lower against the US dollar today on cautious mood ahead of the release of China’s economic figures tomorrow. At 9am, the local unit was traded at 4.1100/1150 against the greenback from Wednesday’s close of 4.1050/1100. SPI Asset Management head of...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit slides further against US dollar | Malay MailKUALA LUMPUR, April 11 — The ringgit slid further against the US dollar today, with currency traders still in a risk-off mood after the release of slower industrial production index (IPI) data for February 2019, along with the recent lower global growth forecast by the International Monetary Fund...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit flat against US dollar | Malay MailKUALA LUMPUR, April 12 — The ringgit was flat against the US dollar today as risk-off mode was prevalent, mainly due to the disappointing February Industrial Production Index (IPI) data, along with the International Monetary Fund’s (IMF) recent downgrade of its global growth forecast....
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit higher against US dollar in early trade | Malay MailKUALA LUMPUR, April 15 — The ringgit was higher against the US dollar in early trading today on better demand as market sentiment towards the ringgit was lifted by news on the revival of the East Coast Rail Link (ECRL) project. At 9.04am, the local unit was traded at 4.1070/1150 against the...
Source: malaymail - 🏆 1. / 86 Read more »
US don: Pakatan delivered on poll pledge with new ECRL deal | Malay MailKUALA LUMPUR, April 15 — Malaysia’s success in renegotiating the East Coast Rail Link (ECRL) with China sets it apart from other nations dealing with the Asian superpower, according to one US economist. Panos Mourdoukoutas, the chairman of LIU Post’s Economics department, wrote an opinion...
Source: malaymail - 🏆 1. / 86 Read more »
Wisma Putra demands Malaysia’s removal from US list of kidnapping hotspots | Malay MailKUALA LUMPUR, April 14 — The Foreign Ministry is urging the United States to immediately remove Malaysia from the ‘K’ list and will summon the American envoy here for clarification. “The Ministry of Foreign Affairs strongly protests the decision of the US government to subject Malaysia in...
Source: malaymail - 🏆 1. / 86 Read more »
US DoJ lawyer clears ethics hurdle to drive 1MDB-Goldman probe | Malay MailKUALA LUMPUR, April 12 — The US Justice Department’s Brian Benczkowski has secured an ethics waiver permitting him to direct investigations into Goldman Sachs over its role in the 1MDB global corruption scandal. According to the Financial Times, the department’s head of its prison division...
Source: malaymail - 🏆 1. / 86 Read more »