Bursa Malaysia Forex

Top 68 Foreign Exchange Latest News Alerts.

M'sia Glove Makers Lower On Forex,Capacity Worries - (7 Sep 2010)

[Updated] Malaysia latex glove makers mostly lower; world's largest producer by volume Top Glove (7113.KU) down 2.2% at MYR5.87, second largest Supermax (7106.KU) down 2.2% at MYR4.86, Kossan Rubber (7153.KU) down 3.0% at MYR3.19, Hartalega (5168.KU) off 0.2% at MYR5.02. Local dealer says recent MYR

FOREX: Ringgit Closes Lower On Profit-Taking - Bernama - (7 Sep 2010)

FOREX: Ringgit Closes Lower On Profit-Taking
Bernama
... The ringgit closed lower against the US dollar on Tuesday on profit-taking and also in line with the lower share prices on Bursa Malaysia, dealers said. ...

and more »

Malaysia's export growth momentum seen slowing down - (7 Sep 2010)

DESPITE Malaysia's recovery in domestic consumer spending growth, the exports growth momentum has been slowing down recently, notably with the waning base effects starting to kick-in, says OSK-DMG Gro

Singapore dollar hits record high against greenback - (4 Sep 2010)

SINGAPORE: The Singapore dollar touched an all-time high against the US dollar yesterday as some Asian currencies were boosted by a return of risk appetite on better US housing and jobs data

Overnight policy rate remains unchanged - (3 Sep 2010)

KUALA LUMPUR: Bank Negara has kept the overnight policy rate (OPR) unchanged at 2.75% after its monetary policy committee (MPC) meeting yesterday.

Global crisis drives investors to forex marts - (3 Sep 2010)

LONDON: The global economic crisis has driven investors to the forex markets where turnover has soared to a staggering US$4 trillion (US$1 = RM3.13) a day - equal to what Germany produces in a

Global FX trade jumps to US$4 trillion a day - (2 Sep 2010)

LONDON: Trade on global currency markets has jumped by a fifth over the past three years to US$4 trillion a day, roughly equal to the annual economic output of Germany, a major central bank survey showed on Wednesday.

The boon and bane of a strong ringgit - (1 Sep 2010)

When the ringgit strengthens, consumers inevitably have a stronger purchasing power which will see a surge in domestic demand for imports and conversely, Malaysian exporters will see their exports bec

Ringgit Gains Most in Almost a Month as Slowdown Risk Eases - BusinessWeek - (31 Aug 2010)

Ringgit Gains Most in Almost a Month as Slowdown Risk Eases
BusinessWeek
The yield on the 3.835 percent note due August 2015 fell 5 basis points to 3.32 percent, according to Bursa Malaysia. The price increased 0.21, ...

and more »

Mudajaya sheds light on Indian IPP - Malaysia Star - (31 Aug 2010)

Mudajaya sheds light on Indian IPP
Malaysia Star
... and ownership aspects of its Indian independent power producer (IPP) project may raise further questions from Bursa Malaysia, industry sources said. ...

Japan unveils fresh US$11b stimulus steps - (31 Aug 2010)

TOKYO: Japan yesterday unveiled an US$11 billion (US$1 = RM3.14) stimulus and announced monetary steps to safeguard a fragile economy and curb the impact of a strong yen, but markets were lef

Ringgit Gains for 3rd Month on US, Japan Stimulus; Bonds Drop - BusinessWeek - (30 Aug 2010)

AFP

Ringgit Gains for 3rd Month on US, Japan Stimulus; Bonds Drop
BusinessWeek
The yield on the 3.835 percent note due August 2015 climbed 2 basis points to 3.37 percent, according to Bursa Malaysia. The price dropped 0.07, ...
Ringgit, other regional currencies firm against greenback Business Times - Malaysia

all 52 news articles »

Ringgit likely to be rangebound - (28 Aug 2010)

The ringgit is likely to be in rangebound trade against the US dollar next week at within the 3.12 and 3.15 levels, dealers said.

A dealer said market participants would most likely stay sid

Malaysia economy on right track: Germans - (27 Aug 2010)

FOREX traders in Frankfurt, Germany's economic capital, know why Malaysia's ringgit has become so strong in recent weeks.

Forex analysts in Frankfurt closely monitor the developments in the ho

Telekom Q2 net profit within expectations - (25 Aug 2010)

PETALING JAYA: Despite recording a lower net profit in its latest quarter, analysts said Telekom Malaysia Bhdâs (TM) results were largely within expectations because operationally its earnings did not decline much.

Bank Negara: No target for level of ringgit, but orderly market to be ensured - (25 Aug 2010)

KUALA LUMPUR: While Bank Negara has not set a target for the level of ringgit it deems appropriate, it will continue to ensure orderly market conditions, said governor Tan Sri Dr Zeti Akhtar Aziz.

losses pull down Maybulk Q2 net profit - (25 Aug 2010)

KUALA LUMPUR: Despite posting a 36% higher revenue of RM96mil in the second quarter ended June 30, Malaysian Bulk Carriers Bhd (Maybulk) saw its net profit more than halved to RM31.6mil from RM71.1mil in the previous corresponding period.

Bank Negara: No target for level of ringgit, but orderly market to be ensured - Malaysia Star (blog) - (24 Aug 2010)

Town Hall

Bank Negara: No target for level of ringgit, but orderly market to be ensured
Malaysia Star (blog)
Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz striking the gong at the listing of Islamic Development Bank's inaugural ringgit sukuk on Bursa Malaysia. ...
Ringgit Gains as Central Bank Signals Tolerance on Appreciation BusinessWeek
Ringgit Reaches 13-Year High as Currency Rules Ease; Bonds Gain BusinessWeek

all 311 news articles »

IOI's Q4 profit up 12pc on lower tax - Business Times - Malaysia - (24 Aug 2010)

Malaysia Star

IOI's Q4 profit up 12pc on lower tax
Business Times - Malaysia
It will be a challenging year ahead," the group said in its filing to Bursa Malaysia yesterday. IOI Corp only paid RM77.12 million in tax charges compared ...
IOI net profit rises on higher CPO prices Malaysia Star

all 8 news articles »

Use of ringgit to expand; dependency on US$ to reduce - (24 Aug 2010)

PETALING JAYA: Bank Negaraâs recent foreign exchange (forex) liberalisation measures coupled with China allowing yuan-ringgit trade will gradually reduce the dependency on the US dollar and enhance trade financing efficiency, experts said.

Volatile trading in ringgit expected - (21 Aug 2010)

The ringgit is expected to see volatile trading next week after hitting a 13-year high of RM3.1260 against the greenback on Thursday following the easing of regulations on ringgit transactions for tra

Analysts see better Q4 for Maybank - (20 Aug 2010)

PETALING JAYA: Analysts expect Malayan Banking Bhdâs (Maybank) earnings for the fourth quarter to be announced today to be better than the previous quarterâs, underpinned by higher interest and non-interest income.

rules to ease trade transactions - (20 Aug 2010)

PETALING JAYA: Bank Negaraâs latest liberalisation of foreign exchange (forex) rules is aimed at helping to ease trade transactions and does not mean that the ringgit has been internationalised.

Asia Roundup: Talk of yen measures boost marts - (20 Aug 2010)

b>* Mumbai rose 1.08 percent, or 197.82 points, to 18,454.94. - AFP

Ringgit gains as Bank Negara eases regulations - (20 Aug 2010)

RINGGIT

THE ringgit ended higher against the US dollar yesterday on news that Bank Negara Malaysia had eased regulations on ringgit transactions for trade settlement.

At 5pm, the

Ringgit Trims Gain in Week on US Slowdown Signs; Bonds Gain - BusinessWeek - (19 Aug 2010)

Ringgit Trims Gain in Week on US Slowdown Signs; Bonds Gain
BusinessWeek
The yield on the 3.21 percent bond due in May 2013 fell two basis points to 3.15 percent from a week ago, according to Bursa Malaysia. ...
Asia markets wrap: ringgit rockets to 13-year high Financial Times (blog)

all 31 news articles »

FOREX: Ringgit Opens Slightly Lower Against US Dollar - Bernama - (19 Aug 2010)

FOREX: Ringgit Opens Slightly Lower Against US Dollar
Bernama
At 9.30am, Bursa Malaysia's benchmark index was at 1391.42 down 1.14 points. The local currency strengthened against the Singapore dollar to 2.3129/3171 ...

and more »

administration rules - (19 Aug 2010)

KUALA LUMPUR: Bank Negara yesterday liberalised further the foreign exchange administration rules to increase business efficiency and enhance competitiveness.

Ringgit gains due to GDP results - (19 Aug 2010)

RINGGIT

THE ringgit ended higher against the US dollar yesterday due to better second quarter gross domestic product (GDP) results as forecast by economists, dealers said.

At 5pm,

Malaysia's Growth Holds Near Decade High, May Exceed Forecast - BusinessWeek - (18 Aug 2010)

Malaysia's Growth Holds Near Decade High, May Exceed Forecast
BusinessWeek
The FTSE Bursa Malaysia KLCI Index gained for a fourth day yesterday and has added 8.9 percent this year. Malaysia wants “orderly adjustments” of the ...
Ringgit Hits 13-Year High as Controls Eased, GDP Rises More Than Forecast Bloomberg

all 121 news articles »

Bank Negara Relaxes Forex Administration Rules - (18 Aug 2010)

KUALA LUMPUR, Aug 18 (Bernama) -- Bank Negara Malaysia (BNM) on Wednesday announced further liberalisation of administrative rules on foreign exchange transactions as part of its continued effort to enhance flexibility of the economy.

Ringgit ends lower against US dollar - (17 Aug 2010)

KUALA LUMPUR: The ringgit ended slightly lower against the US dollar yesterday on broad risk aversion across the board, said a senior forex trader.

Ringgit falls on risk aversion - (17 Aug 2010)

RINGGIT

THE ringgit ended slightly lower against the US dollar yesterday on broad risk aversion across the board, said a senior forex trader.

At 5pm, the ringgit traded at 3.1790/

'Muwa’adah valid for forward forex contracts' - (16 Aug 2010)

Muwa’adah is a permissible basis for forward currency transactions, a respected sharia adviser said today, challenging a widely held view which has limited the range of Islamic hedging tools.

FOREX: Ringgit Ends Better Against US Dollar - Bernama - (13 Aug 2010)

FOREX: Ringgit Ends Better Against US Dollar
Bernama
The local bourse on Friday somewhat improved after three straight days of losses with the FTSE Bursa Malaysia Kuala Lumpur Composite Index ending 10.82 ...

and more »

Baneng optimistic of returning to the black - (11 Aug 2010)

PETALING JAYA: Textile and apparel manufacturer Baneng Holdings Bhd is optimistic of returning to the black post its debt restructuring exercise as cashflows improve and more sales orders come in due to increased consumer spending, said managing director Betty Lim.

Oil price up and it is good for Malaysia, say analysts - (4 Aug 2010)

PETALING JAYA: Crude oil hovered at a three-month high as the weaker US dollar made it cheaper to purchase the same quantity of fuel in other currencies.

Tenaga rating won't be affected: MARC - (4 Aug 2010)

Tenaga Nasional Bhd's (TNB) 'AA+/MARC-1 with stable outlook' ratings will not be affected following its announcement of pre-tax profit before foreign exchange (forex) translation gains of RM2.85 billi

Ringgit appreciates against greenback - (24 Jul 2010)

RINGGIT

THE ringgit closed firmer against the US dollar yesterday, supported by the data released by the German Ifo (income from operations), which was above forecasts, said dealers.

Ringgit rises marginally on short-covering - (23 Jul 2010)

RINGGIT

THE ringgit closed slightly higher against the US dollar yesterday on slight short covering activities.

However, the market remained cautious against the backdrop of disco

US stocks drop as Fed warns of uncertain economy - (22 Jul 2010)

NEW YORK: Stocks fell sharply Wednesday after Federal Reserve Chairman Ben Bernanke confirmed investors' fears that the economy has weakened. Interest rates dropped in the Treasury market as investors sought safer places for their money.

Maybank eyes more mobile banking users - (20 Jul 2010)

Malayan Banking Bhd (Maybank) is targeting to increase its mobile banking customer base by 53 per cent to over 290,000 by July 2011 with launch of its enhanced Mobile Banking Service or M2U Mobil

Ringgit closes easier in lacklustre trade - (20 Jul 2010)

RINGGIT

THE ringgit ended easier against the US dollar yesterday in lacklustre trading.

At 5pm, the local unit stood at 3.2240/2270 against the US dollar versus last Friday's stro

India opens its doors to Malaysia - (17 Jul 2010)

WITH less than three months before New Delhi opens its doors to the 2010 Commonwealth Games, the Indian capital lacked the dressing and colours befitting such a grandiose sporting event.

Ins

Ringgit eases against greenback - (17 Jul 2010)

RINGGIT

THE ringgit closed lower against the greenback yesterday supported by weak US data and speculation that the Federal Reserve would keep interest rates near zero, a dealer said.

TNB expected to post higher Q3 results - (14 Jul 2010)

PETALING JAYA: National power producer Tenaga Nasional Bhd (TNB) is expected to unveil yet another set of strong financial results for its third quarter (Q3) ended May 2010 today.

TNB reports Q3 net profit of RM538m - (14 Jul 2010)

Malaysia’s top power producer Tenaga Nasional Bhd said on Wednesday it posted a net profit before forex translation of RM538 million in the third quarter.

“In the third quarter we w

TNB expects lower profit in Q4 - (14 Jul 2010)

MALAYSIA'S biggest power producer, Tenaga Nasional Bhd (TNB), expects lower profit in the fourth quarter of its financial year ending August 2010 compared to the third quarter due to rising coal

Morgan Stanley: Rate rise will help check capital account weakness - (13 Jul 2010)

MORGAN Stanley Asia says the interest rate hike by Bank Negara Malaysia last week would help to check the weakness on Malaysia's capital account, which continued to show an outflow for eight quarters.

Ringgit likely to remain firm next week - (10 Jul 2010)

The ringgit is likely to remain firm against the greenback next week after an interest rate hike and amid a return to risk aversion by investors, dealers said.

Bank Negara Malaysia raised

Ringgit strengthens on interest rate hike - (10 Jul 2010)

RINGGIT

THE ringgit closed higher against the US dollar after the hike in the overnight policy rate yesterday, dealers said.

At 5pm, the ringgit was quoted at 3.1970/1000, up from

CIMB conference looks at Southeast Asia - (5 Jul 2010)

CIMB Private Banking (1023) is organising a conference aimed at helping investors gain insig

brokerages - (26 Jun 2010)

KUALA LUMPUR: Bank Negara will allow foreign electronic brokers to offer their electronic broking platforms for wholesale interbank trading in Malaysian foreign exchange (forex) market from July 1.

Foreigners can offer e-broking platform from July 1 - (26 Jun 2010)

FOREIGN brokers will be allowed to offer electronic broking (e-broking) platforms for wholesale interbank trading in the local foreign exchange (forex) market from July 1 this year.

Bank Nega

Yuan, global equities soar on China pledge - (22 Jun 2010)

BEIJING/LONDON: China's yuan hit its strongest level in years and global equities surged yesterday after Beijing said it would relax constraints on the currency, in a surprise move seen b

Wall St rally fades, stocks close down - (22 Jun 2010)

US stocks ended lower overnight after a rally fuelled by China's decision to allow its currency to float more freely lost momentum before the market closed.

The Dow Jones Industrial Average f

Euro's movement to dictate ringgit's direction - (19 Jun 2010)

EUROZONE DEVELOPMENT TO INFLUENCE RINGGIT DIRECTION NEXT WEEK
KUALA LUMPUR, June 19 (Bernama) --

Development in the Eurozone is expected to continue influencing the direction of the ring

rate ânot unusually lowâ - (3 Jun 2010)

SINGAPORE: The exchange rate of the euro against the US dollar is at about a 10-year average and is not unusually low, European Central Bank (ECB) board member Christian Noyer said in a newspaper interview published yesterday.

AMMB to grow ops - (1 Jun 2010)

KUALA LUMPUR: AMMB Holdings Bhd is planning on growing its forex business, investment banking (IB) and operations in Singapore so that they can be key drivers in its strategy to grow profit by between 16% and 20% for its current financial year.

AirAsia profit soars on higher passenger volumes - (1 Jun 2010)

PETALING JAYA: AirAsia Bhd posted a 10.31% rise in net profit to RM224.11mil for the first quarter ended March 31 (Q1) compared with the same period a year ago on higher passenger volumes in Malaysia, Thailand and Indonesia.

gain - (28 May 2010)

KUALA LUMPUR: Telekom Malaysia Bhdâs (TM) net profit surged to RM242.9mil for the first quarter ended March 31, compared with RM27.7mil a year ago, due to unrealised gain on foreign exchange.

Scomi Marine Q1 net profit up 97% - (20 May 2010)

PETALING JAYA: Scomi Marine Bhd posted a net profit of RM21.9mil for its first quarter ended March 31, 97% higher compared with RM11.1mil in the previous corresponding period, due to improved operations management, lower bunker costs and capitalisation of docking costs.

swings to hit exporters - (18 May 2010)

PETALING JAYA: The recent fluctuations in global exchange rates will affect export-driven companies and conglomerates with substantial overseas operations, companies with large import contents and those with plans to invest abroad, experts say.

Stronger bank earnings seen - (6 May 2010)

PETALING JAYA: The banking sector, which has been picking up steam of late, is expected to chart stronger earnings this year driven by, among others, higher fees and capital market-related income.

Treasury Pulse - (1 May 2010)

Saturday May 1, 2010. Treasury Pulse. Malaysian Bond Market. RISK aversion looked set to weigh on sentiments as the sovereign debt problem in Europe deepened this week. Standard & Poorâs (S&P) junked Greeceâs credit rating to BB+ amid mounting concerns that the 45 billion euro aid package from the Internationa

Spain says S&P underestimated growth prospects - (30 Apr 2010)

MADRID: The Spanish government yesterday insisted that Standard & Poorâs (S&P) had underestimated Spainâs growth prospects a day after the ratings agency downgraded the countryâs credit standing.

TNB profit up on sharp rebound in demand - (21 Apr 2010)

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) made a net profit of RM1bil in the second quarter ended Feb 28, as electricity demand from the industrial and commercial sectors rebounded sharply from a slump recorded in the previous corresponding period.

= WORLD FOREX: Euro Falls On Concerns About European Banks - ()

from $1.2879 and Y108.51 in late London trading on Monday (New York was closed for a holiday).