Day: July 29, 2024

IPOH, Malaysian students who were brought back from Bangladesh will have the option of either continuing their studies in the country or returning to Bangladesh if the situation there is safe again, said Minister of Higher Education Datuk Seri Dr Zambry Abd Kadir. He said the ministry would hold further discussions with the students about their plan, whether they want to return to Bangladesh once it’s safe or continue their studies in Malaysia. “We will see their current situation and the option they prefer, whether they want to continue their studies locally (or not). However, we also need to consider

KUALA LUMPUR, The ringgit opened almost flat against the US dollar on Monday, however, the short-term outlook for the local currency remained promising as the anticipation of a United States rate cut gained momentum, an economist said. At 8 am, the ringgit stood at 4.6550/6610 against the greenback from last Friday’s close of 4.6550/6605 . Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that the anticipation of the US rate cut was fuelled by market projection ahead of the Federal Open Market Committee (FOMC) meeting on July 30-31. “We should see further support for the ringgit

KUALA LUMPUR, Bursa Malaysia opened higher on Monday, in sync with Wall Street’s strong performance last Friday after the latest United States (US) personal consumption expenditure (PCE) for June came in within market expectations. According to the US Commerce Department, the PCE price index increased by 0.1 per cent month-on-month and up 2.5 per cent year-on-year in June, in line with the market consensus. At 9.12 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.89 points to 1,618.77 from last Friday’s close of 1,612.88. The index opened 4.28 points higher at 1,617.16. On the broader market, gainers led losers