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BNM Likely To Assess Oil Shock Impact Before Interest Hike To Counter Inflation - Economist

By Karina Imran

KUALA LUMPUR, March 15 (Bernama) -- Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said policymakers are likely to assess the situation before raising interest rates to contain inflation resulting from the impact of the conflict in West Asia and surging oil prices.

Ringgit Seen Moving In 3.93-3.98 Range On Oil Price Watch Next Week

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, March 14 (Bernama) -- The ringgit is expected to trade in a range between RM3.93 and RM3.98 next week as investors will keep a close watch on the trajectory of crude oil prices.

Ringgit Rises Against Other Currencies, Eases Vs US Dollar At Close

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, March 13 (Bernama) -- The ringgit ended higher against other major currencies but eased against the US dollar at Friday's close as investors remained cautious amid the escalating conflict in West Asia, which has heightened concerns over oil supply disruptions.

Gold May Decline Temporarily As Investors Seek Dollar Liquidity -- OCBC Research

KUALA LUMPUR, March 13 (Bernama) -- Gold prices may decline temporarily as investors sell liquid assets to raise US dollar funding, similar to trends seen during the global financial crisis and the early phase of the COVID-19 shock, according to an analyst.

Rakuten Trade Forecasts FBM KLCI At 1,800 In 2026 Amid Global Uncertainty

KUALA LUMPUR, March 13 (Bernama) -- Rakuten Trade has revised its forecast for the FTSE Bursa Malaysia KLCI (FBM KLCI) slightly lower at 1,800 for 2026 from 1,810 previously in view of the overhanging uncertainty.

Empire Premium Food Signs Underwriting Agreement With Maybank IB

KUALA LUMPUR, March 13 (Bernama) -- Empire Premium Food Bhd has entered into a retail underwriting agreement with Maybank Investment Bank Bhd (Maybank IB) for its initial public offering (IPO) and proposed listing on the Main Market of Bursa Malaysia.

Bursa Malaysia Slips Below 1,700 Level At Midday As Oil Price Surge Weighs On Sentiment

KUALA LUMPUR, March 13 (Bernama) -- Bursa Malaysia remained lower at midday, falling below the 1,700 psychological level, in line with the weaker performance of most regional peers amid dented sentiment following a surge in crude oil prices, with Brent crude hovering above US$100 per barrel at noon.

Bursa Malaysia Opens Lower As Iran Keeps Hormuz Closed

KUALA LUMPUR, March 13 (Bernama) -- Bursa Malaysia opened lower on Friday, tracking overnight losses on Wall Street after Iran’s new supreme leader signalled the Strait of Hormuz would remain closed.

Ringgit Opens Easier Against US Dollar, Firmer Against Majors

KUALA LUMPUR, March 13 (Bernama) -- The ringgit opened higher against a basket of major currencies but weakened against the US dollar on Friday, as escalating tensions in West Asia dampened risk appetite, an economist said.

BNPL Use Among Malaysian Youth Raises Concern As Under-30s Make Up 40 Pct - Liew

KUALA LUMPUR, March 12 (Bernama) -- Buy now, pay later (BNPL) use among Malaysian youth raises concern as those aged 30 and below make up about 40 per cent of BNPL transactions in the country, Deputy Finance Minister Liew Chin Tong said.

Ringgit Eases Versus US Dollar On Cautious Sentiment Amid Worries Over Oil Supply

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, March 12 (Bernama) -- The ringgit ended lower against the US dollar at the close on Thursday on concerns over oil supply disruptions amid the war in Iran.

TNB Unit Issues RM1.5 Bln Sustainability Sukuk Wakalah

KUALA LUMPUR, March 12 (Bernama) -- Tenaga Nasional Bhd’s (TNB) wholly owned subsidiary TNB Power Generation Sdn Bhd (TPGSB) has issued RM1.5 billion in nominal value of sustainability sukuk wakalah pursuant to the sukuk wakalah programme.