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KUALA LUMPUR: The ringgit is playing catch up to the US dollar as surging global interest in the greenback increases its demand and value tremendously.

New York had another tumultuous session overnight, dominated by noise from the crypto sector where (un)stable coins continued to suffer from ...

Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Friday (May 11, 2022)

MANY in Malaysia watched with sinking hearts last week as the ringgit dropped precipitously against the US dollar to 4.36 — the lowest level in the last two years. The ringgit was not the sole decliner, as other major currencies also depreciated against the greenback. Among Southeast Asian countries, however, the local unit was the hardest hit, down 4.74% since the start of the year.

KUALA LUMPUR (Reuters): Malaysia's central bank unexpectedly raised its benchmark interest rate from an historic low on Wednesday (May 11), to cool inflationary pressures as the South-East Asian country continues to recover from the Coivid-19 pandemic.