Ringgit weaker against US dollar in early session
KUALA LUMPUR: The ringgit traded weaker against the US dollar in the early session today amidst the lack of conviction on the resolution of the United States (US) debt limit impasse. At 9.05 am, the local note eased to 4.6025/6060 versus the greenback compared with Tuesday’s closing of 4.6005/6045. Bank Muamalat Malaysia Bhd chief economist […]
Ringgit opens lower against the US dollar
KUALA LUMPUR: The ringgit opened lower against the US dollar as the greenback stayed firm, driven by a jump in US Treasury yield amid uncertainties surrounding the United States (US) debt ceiling talks, said an analyst. At 9 am, the local note stood at 4.5790/5820 versus the greenback from Tuesday’s closing rate of 4.5700/5750. Bank […]
IMF asks Sri Lanka to restructure debt before bailout
COLOMBO, Sri Lanka: The International Monetary Fund said on Wednesday that it has asked cash-strapped Sri Lanka to “restructure” its huge foreign debt before a bailout programme could be finalised as anti-government protests escalated across the island. Sri Lanka opened talks with the IMF in Washington this week after announcing its first ever default on […]
Sng helps settle debt
KUCHING: Julau MP Larry Sng said recently he was approached by a young Iban man from Kapit who had borrowed RM5,000 from a loan shark. “Due to the MCO, he has been unable to work to settle his debt and is being constantly harassed by his creditor. “He has three young children and has mental […]
Police arrest nine over brawl
SIBU: Nine men have been arrested to facilitate investigation into a recent brawl in Sungai Merah on Monday. It was understood that the incident took place at a supermarket around 4pm. District police chief ACP Stanley Jonathan Ringgit when contacted today, confirmed the incident. “Seven of them were remanded today (June 22) for three days. […]
OCM expels Malaysian handball federation
KUALA LUMPUR: The Malaysian Handball Federation (MAHF) has been expelled as an affiliate member of the Olympic Council of Malaysia (OCM) due to its failure to settle an outstanding debt. OCM secretary-general Datuk Mohd Nazifuddin Mohd Najib pointed out that the total debt, amounting to RM133,000, was supposed to be paid to the council as […]
