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Positive outlook for ringgit this year

KUALA LUMPUR: The ringgit is poised to strengthen this year, driven by significant events which could bolster the local currency.

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Madani economy framework to anchor Malaysia's economy - Bank Negara

KUALA LUMPUR: The Madani Economy Framework will anchor the comprehensive restructuring of the Malaysian economy, supported by several important transformations, such as having a revitalised industrial sector, said Bank Negara Malaysia (BNM).

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BNM wants full explanation of root cause of service outage from two banks

KUALA LUMPUR: Bank Negara Malaysia (BNM) has required two banks which experienced services outages recently to provide a full explanation of the root cause leading to the incidents.

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Bank Negara: Coordinated efforts have strengthened the ringgit, no plans for capital controls

KUALA LUMPUR: Ongoing coordinated efforts by government-linked companies (GLCs), government-linked investment companies (GLICs), Malaysian corporates and businesses have strengthened the ringgit, Bank Negara Malaysia (BNM) said today.

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StanChart Singapore sees ringgit to improve vs US$

KUALA LUMPUR: The ringgit is expected to strengthen against the US dollar, reaching 4.66 by the end of the second quarter of 2024 (2Q), and further improving to 4.58 by the end of 2024 following increased clarity on the United States (US) Federal Reserve’s (Fed) policy easing.

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Bank Negara's international reserves at US$113.8bil as at March 29, 2024

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to US$113.8 billion as at March 29, 2024.

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Bank Negara continues engagement with key stakeholders since release of main publications

KUALA LUMPUR: Bank Negara Malaysia (BNM) has organised several engagement sessions with various stakeholders since March 20, 2024, in conjunction with the central bank’s key report publication recently.

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Malaysia's official reserve assets at US$114.28bil as at end-Feb 2024

KUALA LUMPUR: Malaysia’s official reserve assets amounted to US$114.28 billion as at end-February 2024, while other foreign currency assets stood at US$202.69 million, according to Bank Negara Malaysia (BNM). (US$1=RM4.73)

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Samenta encourages SMEs to repatriate, convert export proceeds into ringgit

KUALA LUMPUR: The Small and Medium Enterprises Association of Malaysia (Samenta) is encouraging small and medium enterprises (SMEs) to repatriate and convert export proceeds into ringgit to bolster the ringgit.

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Ringgit closes slightly lower against US dollar, sentiment remains favourable

KUALA LUMPUR: The ringgit was slightly lower against the US dollar at Friday's closing, although sentiment towards the local currency remains favourable, as Bank Negara Malaysia (BNM) has said firmly that the ringgit is undervalued.

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