Category: General

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

IPOH, Engagement between Muslims and others is necessary for fostering mutual understanding and avoiding the misunderstandings that lead to Islamophobia, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar stated that the West, even post-colonial period, still retains old precepts of the “other”, leading to misunderstanding, misinformation and rejection of the other, which is termed Islamophobia. “How do you survive and live in a society like a multiracial, multireligious Malaysia and avoid discussing other religions, cultures, civilisations … And then demand the West must understand us? “So I think it is the engagement that is required by us to get others

IPOH, Children of all faiths and backgrounds are disproportionately affected by poverty, representing half of those subsisting on less than the bare minimum despite comprising only a third of the global population, said the Sultan of Perak, Sultan Nazrin Shah. His Royal Highness said that children are also suffering disproportionately in humanitarian crises and conflict situations. There are now four million children in Sudan facing acute malnutrition, while in Ukraine, the United Nations (UN) estimates that 3.5 million children are living under severe to catastrophic levels of need. In Gaza, half of the 1.7 million people displaced from their homes

LAOAG CITY: Ilocos Norte was placed under a state of calamity on Monday due to the onslaught of Super Typhoon Carina, which enhanced the southwest monsoon. In a regular session at the Sangguniang Panlalawigan Session Hall, members of the Ilocos Norte Provincial Board unanimously approved Resolution No. 2024-07-330 declaring a state of calamity in the province. ‘There is a need to declare a state of calamity for the provincial government to mobilize the use of its 5 percent calamity fund to provide relief to the affected families, as well as to reprogram or realign funds for the repair and rehabilitation

KUALA LUMPUR, Local institutions bolstered Bursa Malaysia last week with a net purchase of RM256.4 million, following two weeks of selling, according to MIDF Amanah Investment Bank Bhd (MIDF). In its weekly fund flow report, the investment bank said the local retailers also ended their three-week net selling streak by buying RM167.0 million last week. Conversely, foreign investors reversed their three weeks of net buying, selling RM423.5 million worth of domestic equities. “Tuesday was the only day with a net foreign inflow, totalling RM151.1 million, while the rest of the week saw foreign funds exiting the market,” it said. The