KUALA LUMPUR: The ringgit opened at the 4.38 level against the US dollar on Friday after the United States Federal Reserve (Fed) cut interest rates by...
The ringgit opened at the 4.38 level against the US dollar on Friday after the United States Federal Reserve cut interest rates by 25 basis points during its Federal Open Market Committee meeting last night.
Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid noted that the Fed Funds Rate currently ranges between 4.50 per cent and 4.75 per cent. He explained that the Fed’s decision was made despite uncertainties surrounding President-elect Donald Trump’s policies for next year, which are viewed as potentially inflationary.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Missing Boys Found Injured After Escaping Tahfiz Centre in Kuala LumpurFour boys reported missing from a religious school (Tahfiz Darun Quran Ittifaqiyah Centre) in Kuala Lumpur were found injured. Police are investigating whether the injuries occurred at the centre, as the boys admitted to running away due to unbearable conditions but their statements need corroboration. Investigations under child protection and sexual crime laws are underway.
Read more »
Rising Sun: Kuala Lumpur’s Bread Haven Makes A Triumphant ReturnSubscribe to our FREE Newsletter, or Telegram and WhatsApp channels for the latest stories and updates. In a plot twist with buzzing carb enthusiasts, Kuala Lumpur’s beloved Japanese bread sanctuary, Sun Moulin, has risen from its…
Read more »
Dikecam Sebab 'Dislike' Kuala Lumpur, Mat Salleh Tampil Jelaskan KL Dah Jadi Macam AmerikaMacam tu pula.
Read more »
Kes banduan sokong, jadi ahli IS dipindahkan ke Mahkamah Tinggi Kuala LumpurMahkamah Sesyen di sini hari ini membenarkan permohonan untuk memindah kes bekas banduan yang sebelum ini didakwa atas empat pertuduhan memiliki bahan, menyokong dan mengaku menjadi keahlian kumpulan Islamic State (IS) pada 21 Julai lalu dipindahkan ke Mahkamah Tinggi Kuala Lumpur.
Read more »
Air Selangor: Unscheduled Water Cuts Hit 29 Areas in Kuala Lumpur, Emergency Pipe Repairs UnderwayRecent reports indicate that several areas in Kuala Lumpur are experiencing water disruptions following a pipe burst at the Pasar Seni Hub.
Read more »
Unpredictable Weather Raises Flood Concerns in Kuala LumpurMalaysia's unpredictable weather has raised concerns about potential flooding in Kuala Lumpur, as the capital city is situated on a flood plain. Meteorologists warn that heavy rainfall could trigger another flood similar to Tuesday's incident.
Read more »