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Ringgit Slips Against US Dollar As Trump Confirms Tariffs On Mexico, Canada

By Siti Noor Afera Abu

KUALA LUMPUR, Feb 25 (Bernama) -- The ringgit weakened against the US dollar at close today, after reaching a nearly three-week high, highlighting the challenges of breaking below the RM4.40 level following US President Donald Trump's announcement that tariffs on Mexico and Canada would proceed as planned.

NIQ Reports 7.3 Pct Growth In Global Beauty Industry

KUALA LUMPUR, Feb 25 (Bernama) -- NielsenIQ (NIQ), a leading consumer intelligence company, has announced a 7.3 per cent year-over-year growth in the global beauty industry.

IOI Corp Posts Lower 2Q Net Profit Of RM111.1 Mln, Declares 5 Sen Dividend

KUALA LUMPUR, Feb 25 (Bernama) -- IOI Corporation Bhd’s (IOI Corp) net profit fell by two-thirds to RM111.1 million in the second quarter ended Dec 31, 2024 (2Q FY2025) from RM335.4 million in the year-ago quarter despite a stronger contribution from the plantation segment. 

iHerb Hits US$2.4 Bln In 2024 Sales, Boosting Global Growth

KUALA LUMPUR, Feb 25 (Bernama) -- iHerb, one of the world's leading online retailers for health and wellness products, celebrated a groundbreaking 2024, with net sales surpassing US$2.4 billion, marking a historic peak for the company. (US$1=RM4.40)

Ringgit Opens Marginally Higher As Investors Monitor US Tariff Moves

KUALA LUMPUR, Feb 25 (Bernama) -- The ringgit opened marginally higher against the US dollar this morning with further attempts expected to break below the RM4.40 level as traders and investors observe the next move in respect to US tariffs.

Singapore-based ST Telemedia Break Ground On First Data Centre In Johor

KUALA LUMPUR, Feb 24 (Bernama) -- Singapore-headquartered ST Telemedia Global Data Centres (STT GDC) today held a groundbreaking ceremony for its first data centre facility in Johor.

Ringgit Rallies vs US Dollar Amid Easing Trade Tension

KUALA LUMPUR, Feb 24 (Bernama) -- The ringgit extended its gains to close stronger against the US dollar on Monday, supported by easing US-China trade tension and weaker US economic data that initially pressured the dollar.

Analysts Upbeat On MISC Cite Strong Cash Flow

KUALA LUMPUR, Feb 24 (Bernama) -- RHB Investment Bank Bhd (RHB IB) is positive on MISC Bhd, citing its steady operating cash flow and solid balance sheet, which position it well to pursue growth opportunities in the floating production storage and offloading (FPSO) market.

Ringgit Extends Gains At Opening After Reaching Near 3-week High Last Week

KUALA LUMPUR, Feb 24 (Bernama) -- The ringgit strengthened against the US dollar in early trade after reaching a nearly three-week high last Friday, buoyed by softer-than-expected US economic data released last week.

PjH Spends Over RM106 Mln To Upgrade Alamanda Shopping Centre

PUTRAJAYA, Feb 23 (Bernama) -- Putrajaya Holdings Sdn Bhd (PjH) is spending more than RM106 million to upgrade its Alamanda shopping centre here, said its chief executive officer (CEO) Datuk Izwan Hasli Mohd Ibrahim. 

Ringgit Set To Reach RM4.36 Support Level Amid Optimism Over US Trade Deal

KUALA LUMPUR, Feb 22 (Bernama) -- The ringgit is expected to move towards its immediate support level of RM4.36 against the US dollar in the coming week, driven by optimism surrounding a less aggressive tariff trade approach by Donald Trump’s administration.

Ringgit Strengthens To A Near 3-Week High As Optimism Grows Over Trump's Tariff Approach

KUALA LUMPUR, Feb 21 (Bernama) -- The ringgit continued to rise, reaching a nearly three-week high against the US dollar as optimism increases that the new administration under Donald Trump will take a more targeted and gradual approach to implementing higher import tariffs.