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Bank Negara steps up engagements to encourage inflow to forex market

KUALA LUMPUR: Bank Negara governor Datuk Abdul Rasheed Ghaffour said the central bank has stepped up engagements with GLICs, GLCs, corporations and investors to encourage continuous inflows to the foreign exchange market. ....

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Ringgit strengthens against US dollar on positive market sentiment

KUALA LUMPUR: The ringgit strengthened against the US dollar on Tuesday as assurances from the government and Bank Negara Malaysia regarding the ringgit's valuation calmed market concerns. ....

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Ringgit likely to hit 4.20-4.40 against US dollar by year-end

KUALA LUMPUR: The ringgit is expected to hit 4.20-4.40 against the US dollar by year-end in view of the United States (US) Federal Reserve’s (Fed) likely interest rate cut decision in anticipation of an economic recession in the US this year, said Capital Dynamics Asset Management Sdn Bhd managing director Tan Teng Boo. ....

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New unified Gulf tourism visa to bolster Saudi economy

RIYADH: In November 2023 the Gulf Cooperation Council approved a landmark unified tourist visa set to launch between 2024 and 2025.  Similar to the Schengen scheme, the permit will enable tourists to travel across all six GCC member states: Oman, Bahrain, Kuwait, Qatar, Saudi Arabia and the UAE. The new visa was announced by Jassim Mohammed Al-Budaiwi, GCC secretary-general, on. ....

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Saudi king, crown prince congratulate Kuwait's emir on National Day

RIYADH: Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman sent on Sunday a congratulatory telegram to Sheikh Mishal Al-Sabah, emir of Kuwait, on the occasion of his country’s National Day. King Salman and the crown prince wished the emir and the people of Kuwait good health and happiness. Kuwait celebrated its 63rd National Day and its 33rd Liberation. ....

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